According to the Ministry of Finance, on May 27, 2025, the Ministry issued Document No. 238/TTr-BTC to the Government on the Resolution to remove difficulties and obstacles related to the Ho Chi Minh City tidal flood resolution project taking into account climate change factors (phase 1) and the Ho Chi Minh City Ring Road 2 project (the section connecting Pham Van Dong Street to the Go Dua - National Highway 1 intersection).
In Document No. 4920/VPCP-CN dated June 4, 2025 of the Government Office, Deputy Prime Minister Ho Duc Phoc assigned the Ministry of Finance to preside over and coordinate with the People's Committee of Ho Chi Minh City and the Ministry of Agriculture and Rural Development to clearly report the following contents: Determining price parity; whether land must be auctioned? ; time of land allocation; time of land price calculation in case of using land funds to pay for the above projects.
The Ministry of Finance said that the contents of Submission No. 238/TTr-BTC have received and explained the opinions of relevant agencies, including contents related to land law ( Regarding the principle of price parity, authority to use land funds to pay investors...).
Based on the opinions of the Ministry of Agriculture and Environment and the People's Committee of Ho Chi Minh City on contents related to land law under the direction of Deputy Prime Minister Ho Duc Phoc, the Ministry of Finance has compiled and explained the contents related to land of the project.
In particular, the contents related to the time of land allocation and the time of land price calculation are not under the authority of the Government. Therefore, the Ministry of Finance recommends keeping the content in Submission No. 238/TTr-BTC of the Ministry of Finance (including the draft Resolution).
The project to solve flooding caused by tides in Ho Chi Minh City (phase 1), with a total capital of nearly 10,000 billion VND, started in 2016, has now completed more than 90% of the volume but has had to temporarily suspend construction since November 2020 due to legal procedures and capital allocation.
Similarly, the Ring Road 2 project, section 3 (nearly 2.8 km, from Pham Van Dong Street to Go Dua intersection, Thu Duc City), with an investment capital of more than VND 2,700 billion, stopped construction in March 2020 when it had only reached 43.8% of the volume. The reason is that the contract appendix has not been signed and the payment land fund has not been allocated.
According to Submission No. 238/TTr-BTC, the Ministry of Finance proposed that the Prime Minister decide to let the Government discuss and decide to approve the adjustment of the feasibility study reports of the projects; there is no need to re-establish the investment policy for the 10,000 billion VND flood prevention project.
The Ho Chi Minh City People's Committee is assigned to be responsible for carrying out procedures for preparing, appraising, adjusting feasibility studies and is fully responsible for the adjustment decision.
Regarding the land fund for the tidal prevention project of VND 10,000 billion, if the land is subject to rearrangement and handling of public assets, it is under the authority of the Ho Chi Minh City People's Committee according to the provisions of Resolution 98 of the National Assembly.
In case the land fund is cleared by the State, it will comply with the provisions of Decree 69/2019/ND-CP (amended and supplemented in Decree 35/2021/ND-CP).
If the value of the paid land fund is lower than the value of the BT project (after eliminating unreasonable costs), the difference will be paid in cash from the public investment capital managed by Ho Chi Minh City.
