The FLC Group Requests Quang Ngai to Return Over VND 80.5 Billion: What’s the Story?

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 area. These projects, spanning over 137 hectares, entailed various legal procedures such as land surveys, detailed planning at a 1/500 scale, environmental impact assessments, baseline and construction design drawings, fire safety certificates, bomb disposal, and land compensation, totaling costs of over VND 80.5 billion.

Responding to the province’s call for voluntary project returns to facilitate a transparent investor selection process, the investors of these six projects agreed and willingly submitted documents to terminate their involvement. The provincial authorities then issued a decision to terminate the projects in accordance with the law.

However, it has now been over a year since the voluntary project return, and FLC Group has not received any information, response, or guidance regarding reimbursement for the expenses incurred. With the amount exceeding VND 80.5 billion, these funds are significant and essential for the Group and its partners in the current context.

FLC Group asserted that until there is a plan to reimburse these expenses, Quang Ngai Province cannot organize the selection of new investors to proceed with the projects. Given the positive changes during its restructuring process, FLC Group is confident in its ability to restart these projects, bringing economic benefits to the Group and contributing to the province’s development. Additionally, FLC Group expressed interest in potential projects in Quang Ngai, especially in the fields of tourism, real estate, and infrastructure.