Since 2020, the province of Quang Ngai has revoked 80 non-budget investment projects that failed to meet their committed schedules. Specifically, in the Dung Quat Economic Zone, five projects with a total investment of nearly VND 6,000 billion and one foreign direct investment project with a registered capital of USD 3.6 million were revoked.
A deserted project wasting land
The People’s Committee of Quang Ngai Province assigned the Department of Planning and Investment to continue reviewing and considering the revocation of delayed projects, prolonging and failing to meet their commitments. Quang Ngai Province has established an inter-sectoral inspection team led by the leader of the Department of Planning and Investment to inspect all investment projects that are behind schedule and slow to implement for consideration and handling.
The abandoned tourism project in Binh Son District has wasted land resources for many years.
Mr. Nguyen Xuan Bac, Deputy Director of the Department of Planning and Investment of Quang Ngai Province, said: “For delayed projects, the Department of Planning and Investment continues to monitor and support the investment progress. Regarding the difficulties in compensation agreement, there needs to be intervention in land allocation by the state administrative agencies, and for other procedures, the province will continue to support and extend the deadline for investors to complete their projects. For projects where there is no determination or no deployment from investors, we will review and consider the termination of investment policies in accordance with the Law on Investment.”
