Projects that exacerbate the country's poverty

DNHN - Proposing to rescind and nullify decisions on land allocation and leasing for 29 projects totaling 1,844 hectares in the city. Additionally, only 11 projects are being implemented as a result of the inspection and review of 135 projects in the city, which is chaired by the Department of Planning and Investment in partnership with other departments, branches, and district People's Committees. in accordance with the approved timetable and any permitted modifications. The remaining projects, all of which are "difficult"...

This is a section of the Hanoi People's Committee's report on projects that are over budget, using land yet falling behind schedule, implementing slowly, and breaking land laws. Among these are projects "with only one house that has remained the same for ten years, the grass is overgrown, and the project remains immobile" (as chair of the National Assembly's judiciary committee Le Thi Nga put it at the 9th session of the Standing Committee of the 15th National Assembly). 

The statistics are dreadful. Only one district in Hanoi has this many projects covering such a large area of land. If that amount is multiplied across the country, it might reach hundreds of thousands of hectares. Land is a resource, the country's most valuable resource, which is used to develop the country. 

Each square meter of abandoned land contributes to the country's poverty. 1,844 hectares, or almost 18 million square meters, of land, including numerous "golden lands" and "diamond lands." If each square meter of land is worth only ten million VND on average, then in Hanoi alone, a mountain of money has been buried for many years without being used or exploited to generate revenue for society, resulting in massive waste, as Chairman of the National Assembly Vuong Dinh Hue also stated during the 9th session of the National Assembly Standing Committee, "waste results in loss of money," which is frequently greater than the cost of the corruption cases.

This issue exists because numerous projects have been given to investors who lack financial competence. This results in decades-old projects being buried or the investor's primary objective is to acquire land as security for a bank loan, with little regard for the project.

The funds raised to invest abroad experienced losses, were unable to be reimbursed, were forfeited by banks, and were sold with no buyers. Or there was a period when state-owned firms put money outside the sector and then lost money, turning the project into a "bone" lodged in the throat that couldn't be spit out yet couldn't be swallowed, forcing the project to be abandoned.

This is also the local's fault. Because under the law, if a project is licenced but is not carried out within 12 months, the locality has the right to withdraw. However, why withdraw after decades of "recommendation"? What justifies your procrastination? 

 But Thep