Procedures still concern realty developers

Dinh Dung

At the seminar, which looked into the procedures for investment projects and was held by the HCMC branch of the Vietnam Chamber of Commerce and Industry (VCCI) last Friday, VCCI said a survey of some 8,000 enterprises nationwide identified tax procedures as a headache.

Up to 33% of respondents said tax procedures are making life hard for them. Meanwhile, procedures in the land, natural resources and environment fields came in second with some 29%, followed by business registration and investment certification procedures with about 15%, according to the survey.

Respondents said procedures on land, investment and construction are the toughest to handle. In investment preparations alone, different provinces have different regulations, the survey found.

According to Pham Gia Tuc, vice chairman of the administrative procedures reform consulting council, multiple companies and associations complained the current investment procedures have rendered their business operations inefficient.

Tran Thi Bach Van, director of Tri Tue Company, cited an example in which her company had asked for permission to build an apartment project in HCMC’s Binh Thanh District by mobilizing capital from homebuyers but it has failed to go ahead with the project after a decade of struggling with the procedures.

The document submitted by Van’s enterprise was transferred from the city’s Planning and Architecture Department to Binh Thanh District and then to the city’s government for approval.

The document would continue to be transferred to the district government and go back to the architecture and planning department for consideration once more before getting a nod for execution, she said.

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