Ministry of Construction to inspect real estate firms
The Ministry of Construction (MoC) will carry out routine compliance inspections on investment and business practices at many big real estate firms in 2019, including MBLand, Mipec, Lac Hong, Thuong Tin and Eurowindow Nha Trang.
Mipec Riverside in Hanoi’s Long Bien district will undergo an inspection in 2019 (Photo: reatimes.vn)
Hanoi (VNS/VNA) - The Ministry ofConstruction (MoC) will carry out routine compliance inspections on investmentand business practices at many big real estate firms in 2019, including MBLand,Mipec, Lac Hong, Thuong Tin and Eurowindow Nha Trang.
The ministry said it planned to carry out 90inspections in different sectors including planning management, transportationprojects, civil and industrial projects, infrastructure, building materials,real estate investment and anti-corruption.
The ministry’s chief inspector will takeresponsibility for conducting the inspections and reporting to the minister.
The inspections will look at the implementationof housing regulations by many real estate projects that are underconstruction.
The inspectorate will look into MilitaryPetrochemical JSC (MIPEC)’s projects including Mipec City View and MipecRiverside in Hanoi.
MBLand will also have its projects inspectedincluding Square Field in Tay Ninh and Golden Field and Grand Plaza in Hanoi.
An inspection will also be conducted of Lac HongInvestment JSC’s projects such as the N01 T5 high-end apartment complex in Hanoi,Kim Boi Resort in Hoa Binh, Quang Ninh apartment building in Quang Ninh, TamDao complex and Ha Tien urban area phase two in Vinh Phuc.
Inspectors will work with Sai Gon ConstructionCorporation (SGCC) at its SGCC Building and Soho Premier Binh Thanh in HCMCity.
Sacomreal will have Carillon 5, Jamona City, JamonaGolden Silk, TTC Plaza Binh Thanh and Jamona Heights in HCM City undergoinspections.
In addition, MoC’s inspectors will carry outinspections on State management in the construction, housing and estate sector.They will look at the licensing process for organisations and individuals inthe 2015-2018 period in Hanoi, HCM City, Ha Giang, Hung Yen, Nghe An, Ha Tinh,Khanh Hoa, Ninh Thuan, Lam Dong and Binh Thuan.
Last year, the ministry conducted 93 inspectionsin the aforementioned sectors. It released 72 inspection results in 2018 andproposed fines of 927.5 billion VND.
It also proposed handling the violations of 155organisations and 235 individuals after its inspections in 2018.-VNS/VNA
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Mipec Riverside in Hanoi’s Long Bien district will undergo an inspection in 2019 (Photo: reatimes.vn) 
