Multi-billion dollar projects, approved in 'red-carpet' period, lose licensesVietNamNet Bridge - After joining WTO, Vietnam laid the red carpet out to welcome foreign investors with huge investment projects worth billions of dollars. After joining WTO, Vietnam laid the red carpet out to welcome foreign investors with huge investment projects worth billions of dollars. These included the $4.15 billion ecotourism complex in Quang Nam province, the $2 billion Nhon Trach Berjaya City and the $1.68 billion project registered by Galileo Investment Group. PTT in July 2016 reported the delay of the project implementation because Saudi Aramco, a partner, had withdrawn from the project.There were also three other huge projects registered in the FDI golden age 2008-2009. But some of these projects never started or have lost licenses.

Source: VietNamNet News July 26, 2016 00:56 UTC