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Vung Ang withdraws development licence

Update: September, 18/2012 - 10:17

HA TINH (VNS)— The Vung Ang Economic Zone Management Board has decided to revoke the investment licence of an US$88 million urban development project in the zone.

Deputy head of the board Ngo Dinh Van attributed the decision to the project's slow implementation and law violations.

The project, being developed by Thai Thanh TeaSung Construction Co, received its investment certificate in October 2010.-VNS

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