16/09/2020 10:00 GMT+7 vietnamnet
The Prime Minister has assigned the Ministry of Natural Resources and Environment and Hanoi authorities to check reports in local newspapers about 300 pending or abandoned real estate projects in the city.
The Hanoi Planning and Investment Department has released a decision to stop a housing project in Me Tri ward of Nam Tu Liem district. The investment certificate was given in June 2008 to Vietnam Trade Union Tourism Co Ltd.
The company has to give back the land plot allocated to it before implementing the project, because the investor did not start the project within 12 months as stipulated in the 2014 Investment Law.