No new projects for developers in arrears

The Ha Noi Department of Taxation has proposed to the municipal People’s Committee not to approve new projects or adjustments for property developers with tax arrears.

As of November-end, the total value of arrears of developers in the city was some VND400 billion (US$17.6 million).

The municipal tax watchdog asked the local tax departments to clarify causes for slow payments and propose measures to collect the arrears.

The names of several such projects were C.E.O Investment’s Quoc Oai District New Urban Area, Lai Chau Construction No 1’s Xa La housing project and Constrexim’s Bac Ha project.

bizhub

>   City projects get go ahead (06/01/2018)

>   Phu Quoc to get six-star resort by 2020 (05/01/2018)

>   Novaland launches new housing project in HCM City (05/01/2018)

>   A better working city keys realty FDI (04/01/2018)

>   Through JVs and M&As, FDI persists into realty (04/01/2018)

>   Social housing: Loan interest rate maintained at 5% (04/01/2018)

>   Seminar talks up construction industry growth potential (04/01/2018)

>   Why Vinhomes Central Park attracts foreigners (03/01/2018)

>   Vietnam’s leading luxury boutique resort wins Asia’s best at the World Luxury Hotel Awards (29/12/2017)

>   Gridlock and smog deter future My Dinh residents (29/12/2017)