Da Nang determined to revoke stagnant coastal projects
 |
| Da Nang will revoke stagnant coastal projects.-Photo kinhtedothi.vn |
Secretary of the Da Nang Party Committee Nguyen Xuan Anh said the project would be revoked if the developer failed to implement or resume construction after 24 months from the date the developers signed the commitment, following the established laws.
Statistics of the People’s Committee showed there were 50 coastal projects in the city, 13 of which were foreign-invested.
Among them, eight projects were under stagnant implementation and 16 had not been implemented.
Developers of 14 stagnant projects signed commitments to resume construction within 24 months.
Nguyen Nho Trung, deputy chairman of the municipal People’s Council, said slow land clearance was among the reasons for slow progress.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Amata City Ha Long marks six years of development (April 23, 2024 | 17:00)
- Taiwan's Giant Group to build $120 million bicycle factory in Binh Duong (April 23, 2024 | 15:02)
- Nvidia delegation to explore opportunities in Vietnam (April 23, 2024 | 08:30)
- China's BOE builds $275 million electronics factory in Ba Ria-Vung Tau (April 22, 2024 | 10:44)
- Suntory PepsiCo breaks ground on its largest Asia-Pacific plant in Vietnam (April 22, 2024 | 08:53)
- New Hope ceases Binh Dinh pig-breeding project (April 19, 2024 | 18:34)
- Localities get ready for fourth FDI boom (April 19, 2024 | 16:41)
- Japanese retailer Takashimaya to advance project in Hanoi (April 19, 2024 | 11:31)
- Carmakers go it alone on e-vehicle charging solutions (April 18, 2024 | 14:00)
- Need is urgent for e-vehicle charging infrastructure (April 18, 2024 | 11:00)
Mobile Version