The
Danang Management Board for Industrial and Export Processing Zones has decided
to revoke the industrial licenses of 17 projects, because of slow project
implementation since they were signed in 2010.
The 17 projects include eight
foreign-investment projects and nine domestic-investment projects.
The investors of 15 other projects have also
been asked to send in a report on project implementation to the Danang
authorities. The report must categorically state all reasons for delay in
project implementation.
Currently there are six industrial and export
processing zones in Danang, covering a total area of 1,106 hectares.
The city has attracted investments for 333
projects, of which 69 are foreign-investment projects worth $618.5 million and
264 are domestic-investment projects worth VND10,234 ($5,117 million).
SGGP
Business & Investment Opportunities
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