Recently, the Public Investment Corporation and Urban Development Long Giang has sent an official application to the People's Court in Cau Giay district, Hanoi, AZ real estate conditions JSC.
7/2011, Long Giang Construction contract bored pile experiments and mass of residential projects with AZ AZ Land Van Canh, the total value of over 1.8 billion.To date 21/08/2011, the construction company has completed eight piles close to experiment but this time, the investor still has not paid but the contractor has submitted written work directly and repeatedly.Although the value of the contract but only about 2 billion by Long Giang, the appropriate capital has great influence on the situation of corporate finance. This unit also required to pay additional amounts over 200 million due to interest for late payment. Meanwhile, AZ Land investors are currently facing many problems with customers due to slow progress of the project.Another project in North An Khanh, the rivalry between the investor and the contractor also occur. After construction is complete categories and the foundations of the project, the investor has not paid debts to contractors. Contractor withdrew from the project but still leave a machine makes the construction company building the body can not take over. The project stalled progress, investors do not have money to give up, only buyers disadvantaged.The director of a contractor, a contractor in the construction of many large projects in Vietnam, said they also headache because of long unsolved. Many projects have been completed but so far investors are still 20 billion debt is not recovered. Debt problem extends not only in small projects that even large projects, investors are well known for late payment. Some investors suggested to the contractor to reduce the debt by getting a real estate project that they themselves constructed.According to this director, the total debt investors owe the contractor is 514 million VND, 208 billion debt in 2012. Total of 19 of about 10 works contractor rescheduling the works, 3 works suspension or postponement of construction. The company also is paying the interest banks tens of billions of dong.Bad debt investors the contractor, the contractor bank debt as a vicious cycle, the contractor is both debtor and creditor. Pressure from both sides, contractors still have to "bear teeth biting" loans, accelerate the construction of former projects, continue to borrow money to carry out new projects. Prolonged arrears to contractors that bears interest at the bank is increasing, which causes direct salary for workers is reduced.A contractor in Hanoi has 60% of workers without jobs, some workers temporarily laid off 40%. Business is almost inactive. A contractor or other units of State still has managed construction projects to pay workers, but workers are paid quarterly gross, the vacation mode, you enjoy being cut.Mr. Vu Khoa, chairman of the Association of builders, share, many contractors are doing business bankruptcy procedures. Previously, the bank loan business more so now are paying the debt.According to Science, peak period, the contractor moved to the real estate investment. In large countries such as Japan does not have this. Real estate market of Vietnam is a piece of delicious, many contractors have jumped on. At that time, the market developed, the contractor accepts bank loans, trillion of capital goods for compensation and ground clearance. But no less then the project has wild grass, the enterprise must pay interest from 19-20% / year. Without any business afford to pay the bank interest, the project not sold, debts piling up difficulties. This unit's debt other units, when not afford to lead to bankruptcy. Only a handful of slow business of real estate in the leisure hours.The many large enterprises in the contractors' association has its own difficulties, is on the verge of bankruptcy. According to Science. pressing problems of enterprises today is capital, and debt. Association is also exploring business and soon propose some solutions to the management agency.Mr. Do Quang Huy, an expert in the construction industry, share, contractors and investors previously painted stick like glue on the contract not only economic but also the situation before will know each other. When the real estate crisis, the construction contractor, supplying materials such as cement, steel, brick and stone ... difficulty as well. Debt is procrastination habits of real estate investors, the previous year is normal, but the crisis period that the contractor is not able to respond.The investor is also promised by love and by the written commitment, but to date not received payment. They were forced to stop construction or material supply. From majestic position, so far investors are running to worry so every dollar bank debt, no money paid to the contractor.To resolve this problem, Mr. Huy said that the two investors and contractors need calm, understanding one another by an unwanted difficulties. The court also pulled together a last resort only reluctantly.According to Duy AnhVEF
|Bat Thái Lan|