Missing investors’ projects face official terminationThe investors have disappeared at a string of foreign investment projects, prompting authorities to officially terminate the projects in the forthcoming period. Besides Ho Chi Minh City, many localities have started looking for investors whose projects have seen virtually no progress for years now. Czech Brewery once dominated the local press as it was the largest foreign investment project in Hoa Binh province at the time. Then, BTG Holding will begin the construction of a thermal power plant valued at EUR100 million ($118 million) and an auto component manufacturing plant valued at EUR200 million ($236 million). In reality, compared to more than 25,500 on-going FDI projects at present, the number of foreign invested projects where investors have absconded is not large.

Source: VietNamNet News May 22, 2018 05:03 UTC