Vietnam to inspect real estate and mining projects: official

The Vietnamese Ministry of Planning and Investment said it will check and inspect many real estate and mining projects throughout the country, Tuoi Tre (Youth) newspaper quoted Do Nhat Hoang, head of the Foreign Investment Agency of the Ministry of Planning and Investment on Friday.
Hoang confirmed that the ministry will also inspect a series of steel and cement projects in near future.
Facing the situation of concerns on golf course projects using agricultural land, forestry projects, mining projects causing serious environment pollution and others, Hoang said that currently, the licensing was decentralized to the people’s committee of provinces and project management units, so if not lawful, the licensing agency shall have to take responsibility for the law and the government of Vietnam.
“As for mining projects, I know some provinces have large-scale mineral deposits, but local authorities have been ‘reshaped’ these mines into the small-scale so that they can decide themselves. That is the story which needs more fundamental measures from us in the near future,” said Hoang.”-Source:Vietbiz24.com”

Tags: inspect real estate's Vietnam, mining projects, The Vietnamese Ministry of Planning and Investment, Vietnam housing market, Vietnam mining industry, Vietnam Property market, Vietnam property sector, vietnam real estate market

Posted by quynhdn on Oct 1 2011. Filed under Mining & Metal, Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry