Hanoi sets up inspection team to oversee foreign-invested projects

The Director of Hanoi Department of Planning and Investment, Le Anh Quan, has established an inspection team to oversee foreign-invested projects and economic organizations operating within the department’s jurisdiction.

The team, led by Le Hoang Nam Thang, will conduct on-site inspections and monitor equity purchases within three working days. The primary objective of these inspections is to promote responsibility among investors and economic organizations with foreign investments by ensuring compliance with investment and related laws. The inspections will also provide guidance, supervision, and corrective measures to enforce legal regulations. In case of any violations, the appropriate authorities will be notified for resolution.

The inspection team will focus on several real estate projects, including the Keangnam Hanoi Landmark Tower project, the Giang Vo mixed-use project, the Grand Plaza Hotel Hanoi project, the Noble low-rise service and housing project, and others. The Keangnam Hanoi Landmark Tower project and the Huawei Vietnam Technology project are scheduled for inspection later this year. Moreover, several projects by Chinese investors, registered through Singaporean companies, will face inspection sometime in the second half of 2023.