Vietnam announces overhaul to speed up housing, infra projects: What changes

The Vietnamese government is set to fast-track development initiatives, enabling quicker land acquisition and construction even before compensation arrangements are complete. This strategy aims to eliminate obstacles and facilitate economic expansion. Residents impacted by these projects will be prioritized for new homes in their former neighborhoods. Additionally, the government will establish clearer criteria for land acquisition and ensure transparency in valuation processes.

By TRISHA MAHAJAN