Binh Quoi - Thanh Da Urban Area, Binh Thanh District, Ho Chi Minh City.

According to the explanation of the People's Committee of Ho Chi Minh City in Document No. 4015 / UBND-DA, Bitexco Group Limited Company and Emaar Properties PJSC was appointed by the People's Committee of Ho Chi Minh City as the investor implementing the project in Decision No. 6288 / QD-UBND dated 26/11/2015 on approving the results of appointment of investors. However, on 10/10/2016, the partner in the consortium is Emaar Properties PJSC has proposed not to continue to participate in the project. On 18/10/2016, Bitexco Group Limited and Emaar Properties PJSC signed an agreement to terminate the partnership. The People's Committee of Ho Chi Minh City may consider and decide on the handling of bidding circumstances under the provisions of Clause 8, Article 87 of the Government's Decree No. 30/2015 / ND-CP of March 17, 2015, Details of the implementation of some articles of the Law on Procurement on the selection of investors.

In this regard, the Ministry of Construction proposed the Prime Minister to HCM City People's Committee to consider and decide according to its competence to continue selecting investors to implement the project. Ho Chi Minh City People's Committee based on the characteristics of the project (in terms of area, nature, total investment ...) to apply the provisions of selecting qualified investors with capacity, experience and financial capacity. Comply with the law on investment, bidding, land, housing and urban development investment.

Pursuant to the Government's Decree No. 11/2013 / ND-CP of January 14, 2013 on urban development investment management and the Prime Minister's Decision No. 24 / QD-TTg dated January 6, 2010; Approving the adjusted master plan on the construction of Ho Chi Minh City up to 2025, in order to ensure the synchronous investment in planning and planning; The People's Committee of Ho Chi Minh City should soon approve urban development programs, organize the development and submission to competent authorities for approval of urban development. After selecting the investor of the project, the HCM City People's Committee shall direct the functional agencies and investors to compile dossiers of proposals for investment approval of the projects and submit them to the competent authorities for approval. according to the law.

 

 

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