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Ninh Thuan revokes permit for tourism complex

Update: March, 31/2015 - 08:39
A corner of Mui Dinh in Thuan Nam District's Phuoc Dinh Commune in the southern province of Ninh Thuan. The provincial People's Committee on March 23 withdrew the investment certificate granted for the construction of the Mui Dinh tourism complex project. — Photo vneconomy.vn
HA NOI  (VNS)  — The People's Committee of the southern Ninh Thuan Province on March 23 withdrew the investment certificate granted for the construction of the Mui Dinh tourism complex project.

The project investor, United States-based Cedar Point International, had not paid the committed deposit.

In 2010, the Hong Kong-based Polo Beach International Limited proposed to invest a total initial registered investment of US$4.5 billion in the project. The committee approved its proposal at the end of June in the same year.

The 1500ha project was planned to be built in Thuan Nam District's Phuoc Dinh Commune. It was expected to include resorts, a large entertainment complex, villas and community constructions, besides a gaming zone for foreigners. — VNS


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