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Thua Thien-Hue revokes resort investment

Update: March, 28/2012 - 09:53

THUA THIEN-HUE— The People's Committee of the central province of Thua Thien-Hue has revoked the investment certificate for the Thuan An Resort due to delays in investment and construction.

The project was licensed in August 2008 with a total investment capital of VND288 billion (US$13.7 million), covering an area of 8.7ha in Thuan An Town, Phu Vang District. Construction was expected to be completed in December 2011, but so far the investor has only advanced VND75 million ($3,571) in compensation to local residents.-VNS

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