Unlocking land resources and capital flows "buried" in projects
Speaking at the seminar "Opening up growth - Momentum from the private economy" organized by Thanh Nien Newspaper on the afternoon of June 8, Mr. Vo Anh Tuan - Deputy Director of the Department of Land Administration (Ministry of Agriculture and Environment) said that a very large amount of capital from the private sector and the economy is still "buried" in suspended real estate projects, land funds with legal obstacles or included in inspection and examination conclusions, and prolonged judgments.
Over the past time, the Ministry of Agriculture and Environment has advised on issuing many mechanisms and policies to remove difficulties for backlog projects. Localities are also actively reviewing and classifying each group of projects to have appropriate handling directions. The principle set out is not to legalize violations, but contents that can be resolved immediately will be handled promptly to unlock resources for socio-economic development.
In addition to removing backlog projects, expanding the opportunity to access production premises for small and medium-sized enterprises and innovative startups is also being promoted. According to the provisions of the 2024 Land Law, investors in industrial park and cluster infrastructure business are responsible for allocating a part of the land fund that has invested in infrastructure for small and medium-sized enterprises to lease back.
By May 2025, Resolution 68 continues to require allocating at least 20 hectares or 5% of the land fund in industrial parks for small and medium-sized enterprises and innovative startups to lease.
To implement this policy, the Ministry of Agriculture and Environment is coordinating with relevant ministries and sectors to concretize policies, and at the same time guide localities to proactively allocate appropriate land funds right from the planning stage. In parallel with that, the construction of a national land database is also being promoted to publicize information about industrial land funds, vacant areas, rental prices, rental conditions and technical infrastructure.
More than 3 million billion VND stagnant in problematic projects
From the perspective of the real estate market, Ms. Hoang Thu Hang - Deputy Director of the Housing and Real Estate Market Management Department (Ministry of Construction) said that for capital flows to circulate effectively in the economy, removing stalled projects is also an important task.
According to statistics from the Ministry of Construction, the whole country currently has about 4,500 real estate projects facing problems, with a total accumulated capital of more than 3 million billion VND. To date, functional agencies have removed difficulties for about 1,025 projects, thereby unblocking about 800,000 billion VND of investment capital.
Handling projects that have been stalled for many years not only helps release social resources but also supplements supply for the market, contributing to reducing house prices and improving people's access to housing," Ms. Hang said.
Along with removing backlog projects, the Ministry of Construction is completing the information system on housing and the real estate market, in which each real estate will be issued a separate identification code. Through this identification code, people and investors can look up legal information, land use rights, transaction conditions, purchase and sale history as well as real estate price movements. Public disclosure of data is expected to contribute to improving market transparency, while supporting the process of unlocking land and real estate resources for economic development.
