Central Highlands province to revoke six project licences

Monday, Oct 19, 2015 15:58

Dray Sap  waterfall.

DAK NONG (Biz Hub) — The Central Highlands Dak Nong Province will revoke the investment licences of six tourism projects because of their slow commencement of work.

Deputy Director of the provincial department of culture, sports and tourism Bui Quang Mich said the six ecotourism investment projects, with a total registered capital of VND1 trillion (US$47.6 million), were to cover an area of 900ha, but the investors were yet to start construction.

Gia Long waterfall.

He said Dray Sap-Gia Long and Fairy Fall Ecotour projects were the largest projects with total investments of VND700 billion ($33.3 million).

He said the province has invited powerhouses to take the place of the delayed construction projects.

According to the province's investment promotion centre, the Viet Nam National Coal and Mineral Industries Group has registered capital of VND722 billion ($34.4 million) for its Nhan Co bauxite project.

Trinh Nu waterfall. — File Photos

Last year, the Nguyen Kim Trading and Apartment Complex and the International Hospital were the two largest domestic projects with a total investment of VND7.2 trillion or more than $343 million.

The province has received only nine foreign direct investment projects with $34.29 million in capital.

Korea's Intellect Company has proposed to invest in a solar cell plant in the province. — VNS

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