DONG NAI (VNS)— Among 11 registered property projects licensed for foreign direct investment in the southern province of Dong Nai, only five are being carried out.
The five projects are worth US$828 million, said the province's Department of Planning and Investment.
Investors in another four projects with a total investment capital of $1.56 billion have cleared construction sites. The two projects not yet begun are the workers' living area of Formosa Company and dormitory of Hyosung Vina.
The department said the two investors and owners of the would-be construction sites have not compromised on compensation payments.
The province's statistics show office vacancies stand at 14,000sq m while there are 1,100 flats remaining for sale.-VNS