Ho Chi Minh City: Eager to overcome difficulties at 47 projects

Ho Chi Minh City has removed difficulties for 47 backlogged projects, rekindling investment momentum and creating new momentum for economic development.

More than 420,000 billion VND of investment capital has been cleared after Ho Chi Minh City removed difficulties for 47 projects.

According to the Ho Chi Minh City Department of Finance, a series of backlogged works, projects and land plots including public, private investment and public-private partnership (PPP) are being urgently resolved by the City People's Committee through the activities of the Special Working Group. The principles, objectives and implementation plans have been specified, and tasks have been clearly assigned to each member of the Standing Committee of the City People's Committee according to groups, project types and responsible focal agencies.

Currently, all unprocessed works, projects and land plots are divided into five main groups, including: public and private investment projects; public assets; projects implemented by State-owned enterprises; projects under the Prime Minister 's Working Group 53 and projects related to the inspection, investigation, prosecution and trial process; and large land plots in prime locations that have not yet been put into use. This classification helps the management, supervision and processing work to be carried out synchronously and clearly, avoiding overlap between agencies, and at the same time creating favorable conditions for reviewing and updating data in the new period.

Ho Chi Minh City Ring Road 3 Project

As of September 24, cumulatively, both before and after the administrative boundary arrangement, 47 private investment projects in groups 1b2, 1b5, 1b6 and 1b7 in Ho Chi Minh City (old) have had their difficulties resolved, with a total registered capital of more than VND 420,000 billion, and a land use scale of over 25,800 hectares. In addition, 30 private investment projects with provincial authority in Ba Ria - Vung Tau (before the merger) have also been resolved, contributing significantly to the release of social resources for development.

According to the Department of Finance, this result reflects the effective direction of the Ho Chi Minh City People's Committee, the close coordination between departments and branches, as well as the substantial role of the Special Task Force in thoroughly handling the bottlenecks that have lasted for many years. However, the Department also said that the current figures do not reflect the entire scale of handling, because there are still many works, projects and land plots that are being reviewed by other departments and branches, and solutions are being consulted to be submitted to competent authorities for consideration.

Unleashing this huge capital source not only helps resolve long-standing backlog projects, but also creates a positive spillover effect, encouraging private capital to return to the economy. This is considered an important driving force to help Ho Chi Minh City accelerate public investment disbursement, improve land use efficiency, promote the progress of key infrastructure projects, thereby consolidating sustainable socio-economic growth momentum in the last months of 2025.

Source: https://daibieunhandan.vn/tp-ho-chi-minh-t-hao-go-kho-khan-tai-47-du-an-10389277.html