70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 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.

TAG: Hanoi\'s old apartments renovation and rebuilding of old apartments
Other news
13:20, 2024/05/24
PM orders completion of 500kV transmission line in June
With the onset of the peak summer months, especially in June and July, electricity demand is expected to rise significantly.
10:22, 2024/05/13
Hanoi seeks ideas for cultural park in Red River
Through this competition, the city will harness creativity, good ideas, uniqueness and feasibility to develop the Red River alluvial islet in a sustainable and innovative way.
15:42, 2024/05/05
Upcoming Law on industrial park – Vietnam’s passage to attract new foreign investment wave
Industrial parks are crucial for attracting domestic and foreign investment projects, particularly leading global corporations.
15:34, 2024/04/16
Hanoi to build 14 urban railway lines
The city will replace the Kim Ma – Yen Nghia Bus Rapid Transit (BRT) line with an urban railway.
15:38, 2024/03/27
Hanoi People’s Council set to ratify capital planning until 2045 in late March
The planning project is expected to not only help alleviate population density in the inner city area but also serve as a driving force for the sustainable development of the capital city, namely the city-within-a-city model.
05:08, 2024/03/08
Hanoi aims to complete An Duong – Thanh Nien overpass in June
The project is important for easing traffic congestion in the capital.