In their correspondence to the provincial authorities, FLC Group stated that they had partnered with several joint-stock companies to invest in six projects within the Van Tuong Urban Area.
Large areas of agricultural land in Binh Tan Phu Commune, Binh Son District, have been compensated by FLC Group for site clearance, but construction has not yet started. Photo: T.Truc
These projects, with a total land area of over 137 hectares, were assigned by the province. The investors have undertaken various legal procedures, including land surveying, detailed planning at a 1/500 scale, environmental impact assessments, basic design and construction drawing design, fire protection certification, and bomb and mine clearance. The projects are currently in the process of site clearance compensation, with total expenses amounting to over VND 80.5 billion.
In response to the province’s call for voluntary project returns to facilitate the investor selection process, the investors of the six projects agreed and voluntarily submitted documents to terminate their operations. The provincial authorities then issued documents to confirm the termination of these projects in accordance with the law.
The beach area of An Thanh Village, Binh Tan Phu Commune, Binh Son District – where FLC Group held a grand groundbreaking ceremony for the projects in 2019. Photo: T.Truc
However, it has been over a year since the investors voluntarily returned the projects to the province, and FLC Group has not received any information, feedback, or guidance on reimbursing the expenses incurred. While the amount of over VND 80.5 billion is significant and essential for FLC Group and the joint-stock companies, especially in the current context, there has been no communication from the province.
FLC Group asserted that, until there is a plan to reimburse the above amount to the investors, Quang Ngai Province cannot organize the selection of new investors to continue the projects.
With positive changes in its restructuring process, FLC Group is confident in its ability to restart these projects, which would not only bring economic benefits to the group but also contribute to the province’s development. Additionally, FLC Group expressed its interest in potential projects in Quang Ngai, especially in the fields of tourism, real estate, and infrastructure.
