Local authorities reject a series of FDI projectsVietNamNet Bridge - The authorities of many cities and provinces throughout the country have simultaneously launched ‘purification operations’ and sent notices with the aim of discovering “disappeared” enterprises. The projects were registered by investors from many different countries and territories, including the US, South Korea, Taiwan and the Philippines. HCM City regularly examines the implementation of projects registered in the city to revoke licenses of projects which were not implemented as committed. HCM City regularly examines the implementation of projects registered in the city to revoke licenses of projects which were not implemented as committed. To date, the HCM City People’s Committee has annulled 577 projects and reduced the land area allocated to 10 projects.

Source: VietNamNet News June 04, 2018 09:00 UTC