The People’s Committee of Ba Ria-Vung Tau Province on Monday warned that certificates granted to delayed projects would likely be withdrawn if their investors fail to seek solutions to continue implementing them.

The provincial Department of Planning and Investment said that currently there are four slow-moving projects that need to be revoked.

These projects have been going on for three to seven years since the issue of investment certificates. Among the reasons for delay are that investors cannot finance the project, compensation and clearance are not complete, and detailed construction plans (at 1:500 scale) have not been approved.

At the meeting, the Department of Agriculture and Rural Development also proposed handling 12 snail-paced eco-tourism projects, including 10 projects in Xuyen Moc District, one project in Tan Thanh District and one in Dat Do District.

Nguyen Thanh Long, vice chairman of the provincial People’s Committee, requested the steering committee handling the province’s delayed projects, to review each project and discuss with investors of the 16 delayed projects (12 eco-tourism projects and four ones in other sectors) to find appropriate solutions. For those that have no viable solution, the investment certificates must be revoked, he added.

According to the Department of Planning and Investment, in August, the People’s Committee revoked 17 investment projects, which include five foreign and 12 domestic ones and terminated the legal effect of 12 investment proposals as investors have delayed the implementation of these projects.

As per the province’s plan on handling slow-moving projects from 2014 till date, it has terminated the operations of a total of 101 projects, including 23 projects in industrial zones, 39 housing projects, six industrial cluster projects and 33 other projects in industrial parks.

After revoking these projects, agencies reviewed their construction and land-use planning. As per the review, land use purposes of 68 plots covering over 2,148ha were still maintained while those of four land plots covering an area of ​​100ha have been changed and one land area of ​​132ha has been assigned to the Department of Construction for review. — VNS