Vietnam: Guidance on the procedures for selection of investors in social housing projects

Decree No. 100/2015/ND-CP of Vietnam’s Government specifies all procedures for selection of investors in social housing projects as follows:

Firstly, the Ministry of Construction shall report to the Prime Minister to select investors in social housing projects invested by the capital sources or methods specified in Clause 1 Article 53 of the Law on Housing which belong to central capital sources. Within 30 days from the receipt of the report from the Ministry of Construction, the Prime Minister shall issue a decision on investor selection or authorize the Ministry of Construction to select the investor.

Secondly, departments of Construction of provinces shall report to the People’s Committee of the same provinces to select investors in social housing projects invested by the capital sources or methods specified in Clause 1 Article 53 of the Law on Housing which belong to capital sources of local governments or authorize the People’s Committees of districts therein to do so.

Within 30 days from the receipt of the report from the Department of Construction, the People’s Committee of the province shall issue a decision on investor selection or authorize the People’s Committee of the district to do so. In case of authorization, within 30 days from the receipt of the report from the letter of authorization from the People’s Committee of the province, the People’s Committee of the district shall issue a decision on investor selection.

Thirdly, Departments of Construction shall report to the People’s Committees of provinces to select investors in social houses invested by capital sources or methods other than those specified in Clause 1 Article 53 of the Law on Housing in accordance with Clause 2 Article 57 of the Law on Housing and instructional documents issued by competent authority.

Within 30 days from the receipt of the report from the Department of Construction, the People’s Committee of the province shall issue a decision on investor selection or authorize the People’s Committee of the district to do so. In case of authorization, within 30 days from the receipt of the report from the letter of authorization from the People’s Committee of the province, the People’s Committee of the district shall issue a decision on investor selection.

The investor shall follow procedures for issuance of a decision on investment policies; develop, review, and launch the social housing project in accordance with regulations of law on housing and relevant regulations of law.

View full text at Decree No. 100/2015/ND-CP of Vietnam’s Government, effective from December 10, 2015.

Thu Ba

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