Recently, the Natural Resources and Environment Newspaper published an article reflecting information that the Xuan La Trade Center, Market, Supermarket and Office for Lease Project (located in Xuan La Ward, Tay Ho District) invested by Song Hong Construction Joint Stock Company has not been implemented and has been "shelved" for the past 15 years, causing public outrage.

Specifically, in 2008, Song Hong Construction Joint Stock Company won the bid to become the project investor with a winning bid price of 16 million VND/ ^m2 ; the total winning bid value was 46.04 billion VND. Of which, the winning bidder had to pay provisional land use fees based on the area of ​​2,065 ^m2 of 33.04 billion VND; refund the investment budget for the construction of Xuan La market of 2 billion VND and commit to support the local budget of 11 billion VND. However, at that time, the company had only paid 2 billion VND to refund the investment budget for the construction of Xuan La market and 11 billion VND to commit to support the local budget. The company did not pay the remaining amount to the state budget according to regulations.

Since 2008, the project has not been able to be implemented because the investor has repeatedly requested policy adjustments and has been slow to fulfill its financial obligations to the state in order to continue “holding the land”. Voters in Tay Ho district have repeatedly requested that Hanoi city direct the investor to implement the project soon to avoid wasting land resources.

In the Report responding to the petition of voters of Tay Ho district (attached with document 3405/UBND-TH dated October 13, 2023), the Hanoi People's Committee said that by August 15, 2023, the investor had fulfilled its financial obligations to the state (about 170 billion VND). The city is also requesting the investor to review the project progress, carry out procedures in accordance with the provisions of the law on investment when adjusting the progress (if the progress is behind schedule) and adjusting other contents (if any).

Also according to Hanoi city, regarding the adjustment of investment projects that have organized bidding to select investors before the effective date of the Investment Law 2020, the City People's Committee issued Document No. 9325/VP-KTN dated August 16, 2023 directing relevant departments, branches and units with the following specific contents:

Assign the Department of Planning and Investment to properly implement the transitional provisions of the law on investment to resolve requests and remove difficulties for investors regarding the above projects and projects of similar nature;

Assign the chairmen of relevant districts (units organizing the selection of investors, approving winning investors, and signing contracts) to perform the responsibility of the person with authority to decide on handling situations, to resolve investors' requests to adjust the content of projects in accordance with the law on bidding, as a basis for the Department of Planning and Investment to carry out investment procedures in accordance with the law;

Request the Department of Construction and the Department of Planning and Investment to provide specific and accurate instructions on procedures and processes in accordance with legal regulations for each case when handling administrative procedures for investment projects to facilitate investors when carrying out procedures at the units.