On December 30, the Ho Chi Minh City People's Committee issued a decision on the plan to assign preparations for the implementation of Resolution No. 260/2025/QH15 dated December 11, 2025 of the National Assembly, amending and supplementing a number of articles of Resolution 98/2023/QH15 on piloting a number of specific mechanisms and policies for the development of Ho Chi Minh City.
Regarding the 10,000 billion VND tide control project, the Ho Chi Minh City People's Committee assigned the Department of Finance to preside over and coordinate with the Department of Agriculture and Environment, the Ho Chi Minh City Land Fund Development Center, the People's Committees of wards and communes, and related units to urgently remove obstacles and put the project into operation.
According to the plan, the city will adjust the land fund payment process, replacing Official Dispatch 8119/UBND-DT dated December 13, 2024, to be completed in December 2025.
In January 2026, Ho Chi Minh City will issue decisions on land allocation or land lease for payment, and at the same time appraise and approve the value of land use rights for payment land areas.
After the land price is approved, the city will negotiate and sign an appendix to the BT contract determining the value of the land fund to be paid to the investor within 15 days.
The tide prevention project has a total investment of nearly 10,000 billion VND, started in 2016 in the form of BT (build - transfer).
By November 2020, the project had completed about 94% of the volume but had to be temporarily suspended due to legal problems, with a focus on procedures for payment of land funds to investors.
The addition and finalization of the land fund for payment is identified as a prerequisite for the project to be able to resume construction.
On December 11, the National Assembly passed Resolution 260/2025/QH15 amending and supplementing Resolution 98, creating a clear legal basis for handling BT contracts signed before the PPP Law takes effect but have not been paid for.
According to the resolution, investors are allowed to pay with land funds or public assets according to the provisions of the Law on Management and Use of Public Assets; land funds managed by the State according to the Land Law; or combine these types of land funds.
In case the land fund is partly managed by state agencies, the Ho Chi Minh City People's Committee will recover the entire land area for allocation or lease, without organizing auctions and without bidding to select investors.
The Ho Chi Minh City People's Committee has the authority to decide on the land fund for payment, negotiation and signing of BT contract appendices with investors and project enterprises. In case BT contracts have not been allocated or leased land, the city will carry out land allocation or lease based on the value of the volume of works that have been accepted and audited.
Previously, the Project Task Force proposed 5 land areas to be included in the BT contract appendix, including: 257 Tran Hung Dao (2,374 m2, estimated value of more than 597 billion VND); 420 No Trang Long (66,800 m2, about 5,385 billion VND); Lot C8A, Zone A - New Urban Area South of Ho Chi Minh City (5,500 m2, more than 1,113 billion VND); 232 Do Xuan Hop (14,000 m2, more than 930 billion VND); 762 Binh Quoi (3,100 m2, about 72.3 billion VND).
The total value of 5 land plots is more than 8,099 billion VND, equivalent to about 81.1% of the BT contract value.
Recently, Standing Deputy Prime Minister Nguyen Hoa Binh requested Ho Chi Minh City to urgently implement payments to investors in accordance with regulations, ensuring harmony of interests between the State and businesses, and at the same time reporting the implementation results to the Politburo.
