Projects behind schedule do not receive capital

Capital will be transferred from projects behind schedule to projects on-schedule, according to the Ministry of Construction on April 15.

A vacant land where an apartment block project has been approved in HCMC (Photo: SGGP)

This is part of Minister of Construction Trinh Dinh Dung’s Decision 232 to decrease construction waste.

Relevant agencies will closely control budget on construction projects financed by the State Budget. Establishment, appraisals, and approval projects will be conducted in accordance to socioeconomic development and construction.

Agencies must have a prepared list of projects in order to receive state funding. Projects finishing before 2015 will receive priority.

Projects without approval will not receive permission to commence.

By Bich Quyen – Translated by Hai Mien

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