Ho
Chi Minh City authorities said yesterday they have revoked the license issued
to TA Associates Vietnam for building the Thu Thiem Software Park in District 2
for failing to proceed on schedule.
The people’s committee said TA had failed to
proceed with the project as committed despite much support extended to it.
The US$1.2-billion, 650,000 sq.m park in the
Thu Thiem New Urban Zone broke ground in July 2008 and was scheduled for
completion next year.
It was expected to provide around 70,000 jobs.
The city government has ordered the Thu Thiem
New Urban Zone to look for another investor to replace TA.
In 2009 the zone had asked the people’s
committee to revoke the license due to tardy progress, Vietnam Investment
Review weekly said.
At that time, amidst the global financial
crisis, TA had delayed paying land rentals too, VIR quoted the zone as saying.
TUOITRENEWS
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.
No comments:
Post a Comment