Khanh Hoa province to review 53 stalled investment projects

Khanh Hoa province is required to review 53 investment projects that have been halted following administrative restructuring and the implementation of a two-level local government model. According to an audit by the State Audit Office Region VIII, these projects were previously approved for investment but were interrupted by the merger of several commune-level administrative units.

Of these 53 projects, 33 have not yet been allocated capital, while 20 projects have already been allocated a total of over 33 billion VND. The audit highlights the need to manage allocated funds carefully to prevent stagnation and waste. Authorities must review implemented volumes, incurred costs, and legal documentation to determine how to handle these resources.

In a separate effort to resolve Build-Transfer (BT) projects in the southern region, provincial leaders have ordered urgent action to address several road and infrastructure projects. This includes instructions for investors to promptly return surplus funds to the state budget based on final settlement values and for departments to clarify legal requirements regarding contract addendums and interest calculations.