Ho Chi Minh City is moving quickly to remove obstacles for more than 800 projects.
The Ho Chi Minh City
Real Estate Association (HoREA) held a conference on May 13 to implement Directive No. 45/CT-UBND dated May 5, 2026, by the City People’s Committee on continuing to remove difficulties and impediments for long-standing stalled projects in the city.
VULNERABILITIES AND SLOW PROCESSING PROGRESS
At the conference, Mr. Le Hoang Chau, President of HoREA, said that the city has 838 projects and land plots in the public, private, and foreign direct investment (FDI) sectors that require review and resolution. Among them, nearly 200 assets, lands, and projects under the control of the City People’s Committee have resolved 162 cases, while 32 projects remain to be processed. For the group of projects under state-owned enterprises, only 5 projects were fully resolved; 22 others are basically processed but still completing related procedures.
“The city is actively working to remove stalled and prolonged projects, including those of private enterprises and FDI companies.”
In addition, the city is focusing on addressing 116 public investment projects on the priority list under Directive 45/CT-UBND. Of these, 41 projects have been directed to be resolved under Plan 34/KH-UBND issued earlier.
For public assets, the city has resolved 18 of 42 projects and properties, while 21 cases are still being processed. Notably, the number of stalled projects related to inspection, investigation, and trial has decreased to 8, indicating positive progress.
However, despite many projects being resolved, the business community in Ho Chi Minh City still believes the real-world processing pace is slower than expected. Many projects, despite completing their documentation years ago, cannot proceed due to entangled issues across land, planning, finance, and investment regulations.
UNLOCKING ISSUES BY ISSUE GROUP TO ACCELERATE PROGRESS
Ms. Nguyen Nam Phuong, CEO of Lan Anh One Member Company Limited, said the company has developed many residential projects in Ba Ria–Vung Tau and Ho Chi Minh City, but some projects face difficulties due to tax and planning procedures not fully resolved.
Mr. Truong Anh Tuan, Chairman of the Board of Directors of Hoang Quan Real Estate Consulting - Trading - Services Joint Stock Company, said for companies that have pursued the social housing segment for many years, recent central and government directives to ease market difficulties bring opportunities to unlock projects and revive investment activity.
In reality, many of the company’s projects froze due to prolonged legal obstacles. One project stalled for five years, significantly affecting business operations and recovery prospects. To address these difficulties, the City People’s Committee has instructed departments to strengthen coordination, clearly define responsibilities, and focus on removing obstacles by issue group to speed up project processing.
Ms. Le Thi Thu Hong, Deputy Head of Foreign Economic Cooperation (Ho Chi Minh City Finance Department), emphasized that the city is reviewing the entire list of 838 problematic projects, and asked departments and enterprises to coordinate and update specific details related to land, planning, taxes, and investment procedures to handle per issue group.
According to most enterprises, unlocking these resources will not only help them implement projects sooner but also create room for private sector development and the city’s growth targets in the near future.
To contribute to Ho Chi Minh City’s 10% growth target, enterprises also propose that the city’s People’s Committee direct departments to strengthen handling of procedures and appoint the Finance Department as a hub to connect with related units to thoroughly remove stalled projects.
Experts say this is a “revival opportunity” after a long period of challenges. The efforts to unlock land resources by Ho Chi Minh City will not only bring significant expectations for business but also release land to spur investment, create jobs, and increase the city’s budget revenue.
