The draft Law also stipulates the principles of applying the Capital Law, in which assigning the City People's Council the authority to decide on the application in cases where laws and resolutions of the National Assembly issued after the Capital Law takes effect stipulate preferential or more favorable mechanisms and policies...
According to Mr. Tran Quang Tuyen - Deputy Director of Hanoi Department of Planning and Architecture, the revised Capital Law and the 100-year master plan vision are of great significance, a breakthrough step. If it is recognized that the 100-year master plan plays a strategic role and establishes a long-term orientation, then the revised Capital Law is the most important legal foundation, ensuring resources and a basis for implementation.
Mr. Tuyen emphasized that the absolute compatibility of the three-legged tripod including the Politburo's Resolution, the Capital Law and the Space Planning is a launching pad to concretize orientations on the field map.
Mr. Luyen Van Phuong - Deputy Director of Hanoi Department of Construction - said that this revised Capital Law has given Hanoi the opportunity to proactively build its own policies to meet rapid development speed.
According to Mr. Phuong, the current urban and housing situation in Hanoi faces many major inadequacies such as the renovation of old apartment buildings - the implementation progress is very slow, social housing has extremely limited supply while people's demand is very high.
Meanwhile, commercial housing prices on the market have exceeded the affordability of the majority of people. As for resettlement housing, it has revealed many weaknesses in quality, failing to meet the requirements of modern urban reconstruction.
According to Mr. Phuong, the main reason lies in the inadequacy of current policies. Therefore, giving Hanoi the initiative is extremely important.
Hanoi strives to achieve 120,000 social housing units in the period 2026-2030 (higher than the target of 100,000 units assigned by the Government).
"If the mechanisms and policies are removed, this number can completely exceed expectations" - Deputy Director of Hanoi Department of Construction assessed.
Or with the renovation of old apartment buildings, Mr. Phuong emphasized that Hanoi currently has about 2,160 old apartment buildings. The goal by 2035 is to renovate the entire system. This is only feasible if there are special mechanisms from the Capital Law to handle bottlenecks arising in practice.
