Investors in Soc Son Clean Industrial Park (Hanoi) have financial capacity problems

SÓNG HỮU |

Hanoi - The investor of Soc Son Clean Industrial Park did not fulfill its financial commitment to pay for site clearance, affecting the project's progress.

On July 9, at the 25th session, the Hanoi People's Council conducted a question-and-answer session on the implementation of the Resolution of the City People's Council and the results of the implementation of commitments and promises at the 20th session of the City People's Council.

questioning, delegate Vu Ngoc Anh (Department 11) said that the failure of DDK Construction Investment Group Joint Stock Company to fulfill its financial commitment to pay for site clearance (GPMB) at Soc Son Clean Industrial Park in Kim Anh commune has affected the project implementation progress.

Regarding this, Head of the Management Board of Hanoi High-Tech Parks and Industrial Parks Vu Xuan Hung said that this is a project approved by the Prime Minister for investment policy.

In recent times, the Management Board of High-Tech Parks and Industrial Parks of the city has presided over and coordinated with departments, branches and Soc Son district (old) to regularly guide and urge investors to speed up project progress, focusing on site clearance.

The investor has repeatedly committed to the leaders of the City People's Committee, the Management Board, and the old Soc Son district, but has not fulfilled its commitment to allocate funds for the locality to pay land acquisition fees to the people.

Typically, in April 2025, the People's Committee of Soc Son district issued 4 decisions approving the compensation plan for land acquisition for an area of 59,910 m2, equivalent to the amount of 42.3 billion VND.

However, the investor has been ineffective in coordinating and allocating land acquisition funds, leading to the People's Committee of Soc Son district having to cancel the decision approving the land acquisition compensation plan, affecting the progress of the project.

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Mr. Vu Xuan Hung - Head of the Management Board of High-Tech Parks and Industrial Parks of Hanoi City. Photo: Thang Huu

Previously, in March 2024, the Management Board of the City's High-Tech Parks and Industrial Parks issued a comprehensive monitoring report, recommending the Inspectorate of the old Department of Planning and Investment to handle violations. After that, the Inspectorate of the old Department of Planning and Investment issued a decision to administratively fine this unit VND 60 million.

Regarding the solution for handling in the coming time, Mr. Hung said that he will continue to work and requested investors to seriously implement their commitments.

In case the investor continues to be late or intentionally does not cooperate, the Management Board will preside over and coordinate with the City People's Committee to decide to partially suspend the project or consider the possibility of terminating all project activities according to regulations; look for other investors with sufficient capacity to implement the project.

Responding to clarify the above issue, Vice Chairman of Hanoi People's Committee Nguyen Manh Quyen said that the initial assessment showed that investors were sluggish, and their financial capacity had problems in paying land acquisition.

The city has created conditions for investors to overcome shortcomings and promote progress. If this situation does not improve, the City will coordinate with relevant ministries and branches to handle it thoroughly, ensuring the principle of both creating favorable conditions to support businesses and clearly demonstrating the strictness in management and operation.

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