Finance Ministry proposes halting exchanging land for infrastructureThe use of land, a type of public property, for payment to investors in the Build – Transfer (BT) format should be stopped until the Vietnamese government issues a new regulation. The Vietnamese Ministry of Finance (MoF) has just sent a dispatch to the other ministries and localities, proposing limiting the use of public property in return for infrastructure investments. Specifically, the ministry emphasized that from January 1, 2018, the use of public property (land) for payment to Build – Transfer (BT) investors should be stopped until the Vietnamese government’s new decree on this aspect takes effect. Up to now, this document has not been issued and the exchange of land for infrastructure will be stopped in the meantime. This request was made after the Hanoi People's Committee gave in-principle approval to five transport infrastructure projects in the form of BT, and would give land in exchange for them.

Source: VietNamNet News August 07, 2018 09:45 UTC