Despite Việt Nam''s recent efforts to improve the business environment, foreign investors still face several investment environment barriers such as administrative procedures related to land clearance and acquirement according to business experts and insiders.
The main contractor for the Nhon – Ha Noi Railway Station route - the second metro route in Ha Noi – has asked for compensation of US$114.7 million, saying that it has been suffering losses due to long-delayed land clearance.
Authorities need to finish the relocation of an international internet cable line, electrical networks and burial grounds to clear the site so construction can begin.
Officials have been told by the Ministry of Transport to finish land clearance for the ongoing Bến Lức – Long Thành Expressway project, which has been delayed because of several problems.
National Assembly (NA) deputies have expressed worries that the State budget income from tax collection is declining while economic development is too reliant on exploiting natural assets.
The National Assembly (NA) on Friday approved a VND23 trillion (roughly US$1 billion) budget for land clearance at the Long Thanh International Airport.
Hoa Lac High-tech Park (HHTP)’s management board has sent a report to the MPI requesting nearly VND8.3 trillion (US$364 million) for land clearance and infrastructure construction.
Real estate group FLC will construct a new central administrative area
for the central province of Khanh Hoa with a total investment of VND7
trillion or more than US$333 million.