Ho Chi Minh City urgently supplements land fund to pay for 10,000 billion VND tide prevention project

MINH QUÂN |

Ho Chi Minh City - In addition to 3 land plots already allocated to investors, Ho Chi Minh City plans to bring 2 land plots at 257 Tran Hung Dao and 79B Ly Thuong Kiet to pay for the tide prevention project.

The Office of the Ho Chi Minh City People's Committee has just announced the conclusion of Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong at the meeting to implement Resolution 212/NQ-CP dated July 21, 2025 of the Government related to removing difficulties and obstacles of the project to solve tidal flooding in the Ho Chi Minh City area taking into account climate change factors (phase 1).

According to the conclusion, the leaders of the Ho Chi Minh City People's Committee assigned the Department of Finance to preside over and coordinate with departments, branches and related units to urgently negotiate the BT contract appendix with the investor on the land fund for payment and the adjusted total investment. The negotiation process must be carried out in parallel with completing the necessary approval procedures to be able to sign the BT contract appendix as soon as conditions are met.

The Department of Finance is also assigned to advise the Ho Chi Minh City People's Committee to approve the adjustment of the total investment according to the conclusions and recommendations of the State Audit Office. The entire content must be reported to the Ho Chi Minh City People's Committee before May 30, 2026.

At the same time, this agency must proactively coordinate and urge relevant units in determining land prices, issuing land use right certificates, deciding on investment policies... to meet the conditions for the Bank for Investment and Development of Vietnam (BIDV) and investors to soon disburse capital to complete the project. This content must be reported to the Ho Chi Minh City People's Committee before May 25, 2026.

The Ho Chi Minh City People's Committee also assigned the Ho Chi Minh City Department of Agriculture and Environment to urgently determine land prices and issue land use right certificates for 3 land plots that have been decided to be allocated to investors, to be completed before May 30, 2026.

Three land plots include: No. 232 Do Xuan Hop (Phuoc Long ward) with an area of more than 17,573 m2; No. 762 Binh Quoi (Binh Quoi ward) with an area of about 3,474 m2; C8A, Zone A (Tan My ward) with an area of about 5,500 m2.

In addition, Ho Chi Minh City plans to remove from the BT contract two unqualified land plots, including land plot No. 299 Dao Tri (Phu Thuan ward) and a land plot of 4.2 ha (Phuoc Long ward). Instead, Ho Chi Minh City proposes to add two other land plots to pay for the project, which are land plot No. 257 Tran Hung Dao (Cau Ong Lanh ward) and land plot No. 79B Ly Thuong Kiet (Tan Hoa ward).

Dự án ngăn triều đã đạt hơn 90%, dự kiến hoàn thành cuối năm 2026. Ảnh: Minh Quân
The Ho Chi Minh City tide prevention project has reached over 90%, expected to be completed by the end of 2026. Photo: Minh Quan

The Ho Chi Minh City Department of Agriculture and Environment is also requested to consider the proposal of Trung Nam An Trieu Co., Ltd. on supplementing the location of dredging material to ensure continuous construction conditions and not affect the project completion progress.

In addition, this department must review the project operation process, coordinate with the investor to organize a workshop on operation and advise the Ho Chi Minh City People's Committee before May 25, 2026.

The Ho Chi Minh City People's Committee also assigned the Urban Infrastructure Construction Investment Project Management Board to continue to perform the task of state supervision consulting until the project is completed, instead of selecting a new consulting unit. This unit must summarize, report and propose to the Ho Chi Minh City People's Committee before May 30, 2026.

Meanwhile, the People's Committees of Binh Hung commune and Phu Dinh ward are requested to coordinate with relevant units to thoroughly handle the situation of obstructing construction at items outside the construction site. The implementation results must be reported to the People's Committee of Ho Chi Minh City before May 30, 2026.

The tidal flood control project of Ho Chi Minh City was started in 2016 in the form of BT (build - transfer), with a total investment of nearly 10,000 billion VND.

By November 2020, the construction volume had reached more than 90% but had to be temporarily suspended due to many legal obstacles and procedures for payment of land funds to investors.

After many years of stagnation, in July 2025, the Government issued Resolution 212/NQ-CP to remove the prolonged difficulties of the project.

In early February 2026, the project will be restarted and is expected to be completed and put into operation in 2026.

MINH QUÂN
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