The Department of Planning and Investment of the Mekong deltaprovince of Long An plans to ask the provincial People's Committeeto revoke the licences of long-delayed projects.
Therevoked projects will be transferred to other investors who havesufficient financial competence to carry out their projects.
Phan Thanh Phi, head of the Long An Economic Zone Management Board,said strict management measures by the province have prevented investorsfrom transferring their projects to others.
Investorsoften do this by either changing capital contributors or throughjoint-venture contracts or some other kind of cooperation.
According to the department's figure, licences for 34 projects coveringa total of more than 12,100ha of land have been revoked since 2009.
Last year, the province cancelled 22 projects with a total area of 1,600ha.
Most delayed and idle projects were located in Duc Hoa, Ben Luc and Can Giuoc districts.
There are 13 projects worth a total investment capital of 5.2 trillionVND (247.5 million USD) that have been idle for many years in Ben LucDistrict.
Similarly, there are dozens of delayed projects in Can Giuoc District.
Besides cancelling long-delayed projects, the province has tried tolure more investment in agricultural, forestry and fishery as well asfoodstuff processing industries to take full advantage of its materialand labour sources, according to the department.
As forinvestors, along with investing in garments and textiles, footwear,plastic and engineering industries, many have invested in agro-forestry,fishery and foodstuff processing projects.
Vissan LimitedCompany, for instance, began construction of a food processing complexin Ben Luc District's Luong Binh Commune late last year.
In the past 20 years, the province was chosen to carry out forestplantation projects by the Government with support of the JapanInternational Co-operation Agency.
Currently, the province is home to more than 60,000ha of cajeput forest, most of which are now being exploited.
These forests provide great material sources to high-tech agriculturalprojects, according to Lam Truc Nho, director of Phu An Thanh High TechPark./.