Cần Thơ revokes investment license of $68.3m resort project

Cồn Sơn island, a famous eco-tourist area of Cần Thơ City. — Photo laodong.vn

HÀ NỘI — The Chairman of the People’s Committee of Cần Thơ has signed a decision to revoke the investment license of Cồn Sơn resort project invested by TMS Group.

Approved in April 2019, the project has never been put into motion. As the investor has terminated the project, the city’s authority thus issued the revocation decision according to the Law on Investment.

The project, covering 75 hectares in Bình Thủy district with total investment capital of VNĐ1.57 trillion (US$68.3 million), was one the most important projects of Cần Thơ’s tourism sector in 2019. The tourist site was expected to be developed into a complex of five-star luxury resorts combined with eco-tourism and entertainment services, along with preserving and promoting local cultural identities.

The provincial People’s Committee asked the Department of Investment and Planning and other relevant authorities to carry out necessary procedures to terminate the project in accordance with the Law on Investment. — VNS

Listed firms see positive signals in Q1

Economy

Lào Cai to increase local budget contribution toward Sa Pa airport to attract private capital

Economy

Ministry requests Hà Nội to inspect rising prices of apartments

Economy

Nội Bài airport named in the world’s top 100 airports for the sixth time

Economy

Takashimaya Group to open first shopping center in Hà Nội by 2026

Economy

Localities get ready for fourth FDI boom

More on this story

Economy

Less positive business results in Q3 can cause strong division in stock market

In a recent report, the Bank for Investment and Development of Vietnam Securities Company (BSC) said that the COVID-19 impacts will be shown in the third quarter business results, leading to a strong division among stock groups.

Economy

Firms to pursue dual-target strategy

Vietnamese firms are to continue with the country's dual-target strategy, which consists of a number of measures to limit the spread out of the novel coronavirus while at the same time keep operations running, heard an online conference organised by the Vietnam Chamber of Commerce and Industry (VCCI) yesterday.

Economy

Hà Nội improves farm produce processing capacity

Hà Nội's agriculture sector is focusing on the application of high technology to improve the capacity of processing agricultural produce, according to the Hà Nội Department of Agriculture and Rural Development.

Economy

Businesses need to learn to adapt to survive pandemic: experts

Businesses in Việt Nam should learn how to overcome unprecedented challenges and adapt amid the impacts of the new wave of COVID-19 infections, experts said during a webinar.

Economy

Garment-textile, footwear sectros may take a long time to recover: insiders

Việt Nam’s garment-textile and footwear sectors have borne the brunt of COVID-19 and firms may take a long time to recover, experts said.

Economy

VN-Index bounces back on blue chip recovery

Việt Nam's benchmark VN-Index bounced back yesterday after a two-day drop as blue chips recovered, especially aviation shares.

Economy

HCM City allows supermarkets, convenience stores to reopen, but only two districts permit in-person shopping

Supermarkets, convenience stores and food stores, as well as online delivery services, in HCM City will be allowed to operate from 6am to 9pm daily beginning September 9 during the current period of social distancing.

Economy

Vietnamese farm produce introduced at fruit, vegetable show in Italy

Việt Nam introduced its fruit, vegetables, and other farm produce at Macfrut 2021: the Fruit & Veg Professional Show, which wrapped up on Thursday in Rimini city, the Emilia Romagna region of Italy.