You have not yet added any article to your bookmarks!
Join 10k+ people to get notified about new posts, news and tips.
Do not worry we don't spam!
Post by : Shakul
Vietnam's Standing Deputy Prime Minister Pham Gia Tuc has called for urgent action to resolve remaining obstacles affecting the Ho Chi Minh City tidal flood control project. During a meeting with city officials and relevant ministries, he stressed the importance of completing the project and putting it into operation in 2026.
Major Project to Protect Millions
The flood mitigation project is designed to control tidal flooding across approximately 570 square kilometres of Ho Chi Minh City. Once completed, it is expected to benefit around 6.5 million residents through a network of tidal gates and embankments constructed along the Saigon River.
Construction Nears Final Stage
According to city authorities, the investor, Trung Nam Group, has completed more than 93 percent of the project's construction work. Structural works have largely been finished, while mechanical systems, control equipment, landscaping and supporting infrastructure are currently being finalized.
Payment Dispute Delays Progress
Officials noted that disagreements over payment methods and difficulties in securing financing have slowed the final stages of the project. These issues have raised concerns about meeting the planned completion deadline despite substantial progress on construction.
Ministries Confirm Legal Basis
Representatives from several ministries and government agencies agreed that there is sufficient legal basis for payments under the Build-Transfer contract. Authorities emphasized the need for both the city government and the investor to finalize a payment mechanism that complies with legal regulations and contractual commitments.
Investor Commits to Quick Completion
The project's investor stated that once payment-related issues are resolved, the remaining work can be completed and the system can become operational within 60 days. The company also announced an extended construction warranty period of three years.
Government Demands 2026 Deadline
Concluding the meeting, Deputy Prime Minister Pham Gia Tuc reiterated that the project must be completed in 2026 in line with directives from Vietnam's leadership. He instructed the Ho Chi Minh City People's Committee to proactively finalize the payment plan and ensure that no further delays hinder the project's completion.
PM Modi Pays Tribute to Mahatma Gandhi, Urges People to Support Khadi
PM Modi pays tribute to Mahatma Gandhi on Gandhi Jayanti and urges citizens to support Khadi and the
Amazon Seeks to Offload $8 Billion in Nvidia Chips to Investors
Amazon plans to move $8 billion in Nvidia chips to investors, using a new financing model to strengt
Samsung Raises Galaxy S26 Prices as Memory Chip Costs Rise
Samsung raises Galaxy S26 prices in South Korea as rising memory chip costs put pressure on smartpho
Lewis Hamilton Calls Singapore Grand Prix One of F1's Toughest Races
Lewis Hamilton discusses the demanding Singapore Grand Prix and brings Plus44 and Almave to Singapor
Denmark's Pandora Opens World's Largest Jewellery Factory in Vietnam
Pandora opens its largest jewellery factory in Vietnam, expanding global production, strengthening s
Gautam Gambhir Questions Batting-Friendly Pitches After India's Record ODI Chase
Gautam Gambhir questions batting-friendly ODI pitches after India’s record chase, calling for a bett