Binh Thuan cracks down on delayed investment projects
The south central province of Binh Thuan is getting stricter with delayed investment projects while continuing to optimizing Government and local incentives for investors.
BinhThuan (VNA) –The south central province of Binh Thuan is gettingstricter with delayed investment projects while continuing to optimizingGovernment and local incentives for investors.
Theprovincial Department of Planning and Investment regularly inspects delayedprojects in order to scrap licences of those invested by incapable investorsand at the same time to give timely assistance to those hindered by outsidedifficulties.
In2016, the provincial Department of Planning and Investment inspected 83projects that ran behind schedule and proposed revoking licences of 21investment schemes.
Meanwhile,the province continues to offer support to investors such as credit forworkforce training, technology transfer and market expansion, according to Chairmanof the provincial People’s Committee Nguyen Ngoc Hai.
Locatedin the intersection of the Central Highlands, Mekong Delta andSouth Eastern economic zones, Binh Thuan has strengths for the development ofseafood processing, construction material production, handicrafts, mining andtourism.
As of April 2017, there are 1,281 validprojects with total investment of 233.6 trillion VND (10.3 billion USD) operatingin the province. Among them, 113 projects worth 3.6 billion USD are run by foreigninvestors.-VNA
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Illustrative image (Photo: bqlkcn.binhthuan.gov.vn) 
