Investment

Revocation of investment certificates of 2 FDI projects requested

THURSDAY, 12/07/2018 14:58:11

By the end of June 30, three foreign-invested projects outside industrial parks in Hai Duong province had still been slowly implemented, according to the Department of Planning and Investment.

Those are the garment and embroidery processing, producing, and exporting project of Amber Group Limited (Samoa), Phuc Son cement producing factory (bulk cement transshipment terminal) of World Cement Company (Singapore), and the high-class sportswear producing, trading, and exporting factory project of M&S Corporation (South Korea).

The Department of Planning and Investment has asked the provincial People's Committee to terminate the operation of and revoke the investment certificates granted to the projects of South Korea and Singapore.

The reason is that Phuc Son cement producing factory is being temporarily shut down, and investment in the high-class sportswear producing, trading, and exporting factory project was approved by the provincial People's Committee many years ago but the investor has not carry out the next procedures to receive land, start construction, and put the project into operation as scheduled.

Regarding the garment and embroidery processing, producing, and exporting project, the department suggested that the provincial authorities extend the implementation progress because the project had basically been completed.

LAN NGUYEN

Comment

Please enter comment