SIMULTANEOUS ADJUSTMENT OF 06 REGIONAL MASTER PLANS IN ACCORDANCE WITH DECISION GROUP 610-616/QD-TTG

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Question: I am a representative of an enterprise specializing in infrastructure, industrial park, and real estate investment that is planning to expand projects in various provinces and cities. I am aware that the Government has just promulgated a new group of decisions adjusting the master plans of key regions across the country. Please advise on the main contents and scope of this group of regulations, their impacts on our enterprise, the risks of relying on outdated master plan data, and the immediate action plans required.

Answer:

1. Main contents: Group of Decisions 610-616/QD-TTg regulates the simultaneous adjustment of 06 regional master plans across the country, specifically comprising the following core contents:

- Simultaneous adjustment of 06 regional master plans:

+ Decision 610/QD-TTg: Northern Midlands and Mountains Region.

+ Decision 612/QD-TTg: Red River Delta Region.

+ Decision 613/QD-TTg: North Central Region.

+ Decision 614/QD-TTg: South Central Coast and Central Highlands Region.

+ Decision 615/QD-TTg: Southeast Region.

+ Decision 616/QD-TTg: Mekong River Delta Region.

(Pursuant to Article 1 of Decisions 610, 612, 613, 614, 615 and 616/QD-TTg)

- Scope of regulation: Updating the development space, infrastructure, logistics, industry, urban areas, and land use for the period of 2021 – 2030, with a vision to 2050.

2. Greatest impacts

- Investors, infrastructure, industrial park, and real estate enterprises will have an updated legal framework, most updated basis when selecting locations, formulating projects, and reviewing land funds.

- Investment proposal dossiers currently using the old master plan data may have to be re-updated to comply with the new orientation.

(Pursuant to Clause 1 Article 2 of Decisions 610, 612, 613, 614, 615 and 616/QD-TTg)

3. Risks of non-compliance

- Risks when formulating a project based on the assumption of the old master plan: Leading to a deviation from the orientation of the region, prolonging the appraisal time or even having to readjust the entire dossier.

- Risks of overlooking changes in inter-regional infrastructure: Causing erroneous calculations regarding logistics, land fund demand, and traffic connectivity capacity.

4. Proposed action plans

- Immediately reviewing the list of projects, land funds, and logistics routes based on the 06 decisions adjusting the regional master plans which have just been promulgated.

- Updating the investment dossiers, financial models, and location explanations prior to submitting the new dossiers.

(Pursuant to Article 2 of Decisions 610, 612, 613, 614, 615 and 616/QD-TTg)

5. Notes and recommendations

- Proactively reviewing and cross-checking land funds and projects: The enterprise needs to immediately cross-check the current list of projects, land funds, and logistics routes with the new spatial and infrastructural orientation of the 06 regional master plans to avoid the risk of misaligned development and errors in traffic connectivity calculations.

- Immediately updating dossiers and financial models: It is necessary to readjust and re-update the new parameters on master plans and inter-regional infrastructure into the investment dossiers, financial models, and location explanations prior to submission to avoid the appraisal time being prolonged or being compelled to readjust the entire dossier.

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