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Thirty-nine projects lose licences

Update: May, 18/2013 - 09:14
DONG NAI (VNS)— Southern Dong Nai Province proposed to the provincial People's Committee to revoke licences of 39 property projects, worth totally US$2.1 billion, due to the stagnant implementation.

Many projects in the province were under slow implementation, the department said. Statistics showed that projects which were finished or put into operation accounted for only 30-40 per cent of the total number.

Currently, there were 225 real estate projects in the province, 12 of which were of foreign investors.-VNS

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