31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Construction
Hanoi to spend $5.3 million to inspect old apartments
Khanh Phi 15:33, 2022/10/05
This capital city will speed up the renovation and rebuilding of old apartments.

Hanoi plans to spend about VND128 billion (US$5.3 million) to appraise the quality of old apartments across the city this year.

 The old apartment at 51 Huynh Thuc Khang Street will be rebuilt. Photo: The Hanoi Times

The Standing Committee of the Hanoi People's Council has approved this allotment for districts and towns to implement this work.

The municipal Finance Department is responsible for advising the Hanoi People's Committee on budget disbursement to ensure that the district People's Committees use the funds for the proper purposes and in accordance with regulations.

The Construction Department is responsible for overseeing the appraisal of the old apartment buildings and reporting the results to the City's People's Committee.

Earlier, the Steering Committee for renovation and reconstruction of old apartment buildings in Hanoi issued a plan to inspect and assess the quality of old apartment buildings, with an estimated fund of about VND500 billion ($20.8 million) in the 2021-25 period.

The aim is to complete this inspection work before the fourth quarter of 2023, contributing to the city's urban development plan in the coming period.

The city will issue regulations on renovating and rebuilding old apartments, including criteria for selecting investors, compensation coefficients, and specific mechanisms and policies. The drafting of the regulation is expected to be completed in the third quarter of 2022.

According to the city’s plan for the 2021-2030 period, in 2030 the city will renovate and rebuild 10 old apartment buildings, including six condos in the wards of Kim Lien, Trung Tu, Khuong Thuong, Thanh Xuan Bac, Thanh Xuan Nam, and Nghia Tan), and other four dangerous ones in Giang Vo, Thanh Cong, Ngoc Khanh wards and the Ministry of Justice headquarters.

RELATED NEWS
TAG: Hanoi\'s old apartments renovation and rebuilding of old apartments
Other news
17:15, 2022/15/02
Hanoi considers another int'l airport
The city continues to improve planning quality, implement key planned works and programs, and refine relevant mechanisms and policies.
16:35, 2022/35/25
Hanoi to kick start Ring Road No.4 construction next June: City Party chief
The project, once completed, will have a great impact on the social development not only of Hanoi but also of the provinces and cities in the Capital Zone.
14:58, 2022/58/23
Hanoi expected to disburse 90% of public investment plan in 2022
In 2023, the Government allocated VND47 trillion (US$1.9 billion) for public investment projects in Hanoi.
14:26, 2022/26/23
Hanoi eyes raising planning quality via digitalization
Digital solutions would help the city address existing problems during the urban planning and management process.
21:07, 2022/07/22
Hanoi eyes “city-within-city” model
The city wants to keep population growth in urban areas at a sustainable pace and address downtown overcrowding.
16:02, 2022/02/11
Vietnamese Gov’t identifies public investment key for high economic growth
Public investment continues to be a pivotal factor in supporting macroeconomic stability, containing inflation, and boosting economic growth.