The Quang Tri Department of Planning and Investment has recently made a decision to terminate the project of the Dong Ha TTH International Hospital by TTH Group JSC.
In June 2024, TTH Group sent a letter to the Quang Tri People’s Committee requesting a schedule extension for the project until 2025. They cited global economic fluctuations and political instability as reasons for the challenges faced by investors, including TTH Group. Additionally, they mentioned the need for specialized human resources with high professional qualifications, which requires time for training and recruitment.
The company also stated that if the province did not agree with the schedule extension, they would yield the investment opportunity to another investor.
Dong Ha TTH International Hospital Project Illustration. Image: TTH Group
After the investor’s proposal, the Quang Tri Department of Planning and Investment organized a meeting and collected opinions from departments, sectors, and the People’s Committee of Dong Ha city regarding the proposal.
The leaders of the Quang Tri Department of Planning and Investment stated that after reviewing the legal regulations and the project’s implementation, the project has been delayed for 27 months compared to the approved schedule in the initial investment policy.
Moreover, the departments, sectors, and the People’s Committee of Dong Ha city have been very supportive and accompanied the company throughout the investment procedures, including surveying affected households, conducting propaganda, guiding, and holding meetings with the people for site clearance. The compensation and support plan for site clearance has also been agreed upon by the people in the project area.
The reasons provided by TTH Group JSC for requesting a schedule extension are not in accordance with the provisions of Clause 4, Article 41 of the Law on Investment 2020.
Based on the above, the departments, branches, and localities concerned did not find sufficient grounds to report to the Provincial People’s Committee to continue extending the project implementation schedule.
Regarding the company’s proposal to yield the investment opportunity to another investor and to avoid affecting the production activities of the people in the project area, the Quang Tri Provincial People’s Committee agreed to terminate the operation of the Dong Ha TTH International Hospital project by TTH Group JSC. The investor is requested to submit the project termination dossier to the Department of Planning and Investment before August 27, 2024.
On August 9, the Quang Tri Provincial People’s Committee also issued Document No. 3662/UBND-KGVX on resolving the proposal regarding the Dong Ha TTH International Hospital project. Accordingly, the Provincial People’s Committee agreed to terminate the operation of this project.
The Dong Ha TTH International General Hospital project was approved for investment by the Quang Tri Provincial People’s Committee in Decision No. 3678/QD-UBND dated December 27, 2019, and approved for investment policy adjustment in Decision No. 2282/QD-UBND dated September 6, 2022.
The project, invested by TTH Group, is located in the Eastern Urban Area of Dong Ha city, covering an area of 4.39 hectares with a total investment of VND 700 billion.
The project has a construction area of 6,500 m2, a designed capacity adjusted from 600 beds to 499 beds, and a 9-story building.
According to the investor’s commitment, the project will break ground in the third quarter of 2024 and complete the first phase and put it into operation in the fourth quarter of 2025.
Regarding the investor, TTH Group JSC (81 Nguyen Sy Sach Street, Hung Binh Ward, Vinh City, Nghe An Province) was formerly known as Thai Thuong Hoang Trading Services Investment Joint Stock Company, established on September 17, 2009, with Mr. Thai Doan Thang as the legal representative and Chairman of the Board of Directors of the company.
TTH Ha Tinh General Hospital
TTH Group currently owns several general hospitals in Central Vietnam, including TTH Ha Tinh General Hospital (Thach Trung, Ha Tinh city) with an area of 4.47 hectares and a total investment of VND 800 billion, TTH Quang Binh General Hospital (Dong Hoi city) with an investment of VND 500 billion, and a VND 300 billion traditional medicine hospital in Hung Dong, Vinh city, Nghe An province.
In addition, TTH Group is also the investor of the Hue International Hospital project in Area E – An Van Duong New Urban Area, Thua Thien Hue province, with an area of 4.2 hectares and a total investment of VND 807 billion.
Choose La Mia Bao Loc – Embrace a Fulfilling Life with an Ideal Green Living Standard
Not just a perfect blend of art and inspired Italian-style resort, La Mia Dalat also effortlessly brings each resident to the standards of peaceful living, well-being, and balanced body-mind-soul.
Choose stocks for “Tet” festival celebrations
Investors should consider choosing stocks in the banking industry with good profitability, healthy real estate, and abundant clean land reserves. In addition, the group of stocks in infrastructure investment, iron and steel, and construction materials should also be considered.
Top Investment Channels for 2024: Safe and Profitable
2023 is a year full of volatility in the global financial market. Against this backdrop, many investors are interested in gold as a store of assets.
Chinese citizens flock to buy 280 tons of gold, realizing real estate and stocks are no longer a good investment channel
Regardless of the global decline in demand for gold, the purchasing power of Chinese citizens has propelled the price of gold to surpass the $2,000 per ounce threshold in 2023.
Vietnam’s Largest Deep-water Port Town is Set to Become a Thriving City with Investments from Korean Chaebols: Latest Project Involves Nearly 10 Trillion VND for Fuel
Previously, this chaebol has invested $3.5 billion in projects in various major cities such as Hanoi, Ho Chi Minh City, Dong Nai, and Ba Ria – Vung Tau.
