Thua Thien-Hue revokes licences of 37 delayed projects
The central province of Thua Thien-Hue has so far revoked investment licences of 37 projects due to prolonged delay in implementation.
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Chan May -Lang Co Economic Zone. (Photo: chanmaylangco.com.vn)
A majority of those projects (21) are in the Chan May-Lang Co economic zone and local industrial parks.
One example is the Lang Co golf course which was initially scheduled to be put into operation in July 2016 but so far not a single construction item has been done.
Another one is the Bai Chuoi resort which was 74 months behind schedule.
The province has made public delayed projects along with cases of violations of land laws on its electronic portal and websites run by provincial departments and sectors.
It will strengthen inspections of investment projects after granting licences and take firm measures to deal with delayed projects.
Since 2000, Thua Thien Hue has licensed 548 investment projects with total registered capital of 168.2 trillion VND (7.4 billion USD), of which 92 are foreign-invested at a total value of 2.62 billion USD.
Among the licensed projects, 285 have become operational and 180 others are under construction.-VNA
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