VietNamNet Bridge – The ‘super projects’ registered by foreign investors with huge investment capital of billions of dollars are still on paper. In 2008, when reporting about the Vietnam Financial Center (VFC) project licensed by HCMC authorities, local newspapers called it a ‘super project’. It was expected to include three high-rise 48-storey buildings for offices, shopping malls and 5-star international hotels.However, the project remains on paper. In 2014, Berjaya, the investor, asked for the municipal authorities’ permission to scale down the project by half. Nguyen Hoai Nam, CEO of Berjaya Vietnam, said the company has been meeting difficulties following administrative procedures. However, involved parties have met and discussed the provisions in the land auction contract. Nam said he hopes the project will kick off early next year.In another case, an urban area and international university complex, expected to become the most modern in Vietnam, was drawn up 10 years ago. However, the land plot reserved for the project in Hoc Mon district remains deserted land.The investor of the Splendora new urban area promised to start implementing the second stage of the project in mid-2012. However, it has made no headway since then because of disagreements between Vinaconex and Posco E&C.Do Trong Quynh, CEO of Vinaconex, said it plans to adjust the 1/500 planning this year to be able to implement the second phase with apartment, villa, house and central park items.