On April 13, according to a document sent by the investor of the Vintraco Commercial and Service Complex Project (Vintraco Joint Stock Company) to the People's Committee of Nghe An province, the Provincial Inspectorate, departments, branches and press agencies, this enterprise stated the reasons for the project's slow progress.
The project has a total capital of 191.11 billion VND, approved for investment policy from October 2022, expected to start construction in the second quarter of 2023 and be completed in the third quarter of 2025. However, the project has not yet been implemented on the ground.
In the explanatory document, the investor Vintraco said that the main reason is obstacles in site clearance and not being allocated land. The project area has complex land origins, involving many households; in many cases, land users have lost or no longer reside in the locality.
Many land plots have been transferred many times by handwritten papers, without registration of changes, so the cadastral records are inconsistent, causing difficulties in determining legal land users. Some land plots have not been granted land use right certificates.
Businesses also said that there is a situation of land speculation, holding land to sell at a price difference, causing land clearance agreements to be prolonged.
In addition, the investor Vintraco cited objective factors such as the post-COVID-19 epidemic impact, natural disasters, storms and floods for many consecutive years, disrupting survey, measurement, inventory and mobilization of people.
Another reason mentioned by businesses is the change of administrative units when merging areas and transforming the government model, leading to changes in management agencies, and the occurrence of reviewing and adjusting dossiers.
In the document, Vintraco Joint Stock Company committed to allocating sufficient resources, ready to implement the project as soon as land allocation is completed, and at the same time coordinate with functional agencies to ensure progress.
The investor also requested the People's Committee of Nghe An province and departments and branches to pay attention to supporting the removal of obstacles, accelerating site clearance and related procedures.
Previously, according to Lao Dong Newspaper's records, the project implemented by investor Vintraco was on the list of slow-progress projects in the area and has been reported by the locality to the provincial inspection team for consideration and handling.
