The recent surge in growth in Vietnam has lead to massive new construction projects, however, the quality of construction has for the most part been poor. The government aims to address this issue with stricter regulation of the industry and new checks and balances. For more on this, read the following article from Property Wire.
Developers in Vietnam face stricter regulations and checks as part of a government led initiative to improve the quality of buildings.
From holiday resorts to large civil projects like bridges, more attention is to be focused on standards, the Ministry of Construction has announced.
There is particular concern that a massive growth in the industry had led to many shortcomings in buildings. Now each phase of a construction project must be implemented thoroughly, from the drawing board to consultation and carrying out and checking the final work, said Minister of Construction Nguyen Hong Quan.
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He said that there is particular concern about work quality for large scale, national projects involving complicated techniques. New legal standards are to be set for quality management and contractors who are deemed to be responsible for shoddy work face punishment.
Although prominent problems included the collapse of Can Tho Bridge, a landslide at Ban Ve hydro-electric plant under construction and cracks discovered in the Thu Thiem tunnel project, he added that more than 90% of developments are of good quality.
The new standards and regulations are expected to be of an international standard and will be announced soon, Quan added.
For the residential sector the authorities are encouraging the growth of associations and standards. One of the latest is the Hai Phong Real Estate Association which has been set up in the northern port city of Hai Phong.
The association will support real estate enterprises in management, business operations, real estate services and legal support to improve the real estate sector in the city.
This article has been reposted from Property Wire. View the article on Property Wire’s international real estate news website here.