ID :
112497
Fri, 03/19/2010 - 07:56
Auther :
Shortlink :
http://m.oananews.org//node/112497
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Authorities revoke licences of 40 FDI real estate projects
HCM City (VNA) – HCM City authorities have revoked the licences of 40 foreign direct investment real estate projects worth 1.77 billion USD.
Officials said the licences had been revoked because the projects were progressing
too slowly.
In 2009, the city attracted 13 foreign-invested projects in 14 sectors, accounting
for 66.39 percent of all development projects in the southern hub.
There are currently 143 licensed development projects worth 9.61 billion USD in
progress in the city. Of those , 3.61 billion USD has disbursed, accounting for 38
percent.
City authorities are currently considering whether to grant licences to seven real
estate projects valued at 3.7 billion USD.-Enditem
Officials said the licences had been revoked because the projects were progressing
too slowly.
In 2009, the city attracted 13 foreign-invested projects in 14 sectors, accounting
for 66.39 percent of all development projects in the southern hub.
There are currently 143 licensed development projects worth 9.61 billion USD in
progress in the city. Of those , 3.61 billion USD has disbursed, accounting for 38
percent.
City authorities are currently considering whether to grant licences to seven real
estate projects valued at 3.7 billion USD.-Enditem
