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Thua Thien - Hue halts delayed projects

Update: October, 18/2014 - 09:12
The projects include six in the Chan May - Lang Co Economic Zone and four in industrial parks run by Tai Sun Vietnam Trading Services Limited Company, Thua Thien - Hue Ceramic Tiles and Minerals Joint Stock Company, JK Global Limited Company and Tsunoda Vietnam Limited Company.— Photo vov
THUA THIEN - HUE  (VNS) — The central province of Thua Thien - Hue had revoked business licences from 20 delayed investment projects, according to Le Dinh Khanh, deputy director of the provincial Department of Planning and Investment.

The projects include six in the Chan May - Lang Co Economic Zone and four in industrial parks run by Tai Sun Vietnam Trading Services Limited Company, Thua Thien - Hue Ceramic Tiles and Minerals Joint Stock Company, JK Global Limited Company and Tsunoda Vietnam Limited Company.

However, the issue of appropriate penalties remains unsolved.

Current regulations only permit a project to be delayed for a maximum of 24 months before its licence is withdrawn and the investor must pay fees for using and leasing the land during that time. — VNS


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