The Nghe An Industrial and Economic Zones Management Board is reviewing the progress of planned projects with a view to revoking licences for those that are moving too slowly.
NGHE AN —
The management board was striving to improve land use efficiency in the province's industrial and economic zones and boost its investment environment, Phan Xuan Hoa, the board's deputy head, said.
"The board will consider extending the deadline for investors to launch their projects if they have proper reasons for the delays. But we are determined to revoke investment licences of those who have merely appropriated land to transfer to other investors," Hoa said.
Since 2007, the board withdrew investment certificates for 23 slow-moving projects. In 2010, six projects in sectors such as construction materials, plastics, steel and beverages had their licences revoked.
He added that slow-moving projects over the past few years had resulted in numerous land lots lying dormant.
Central Nghe An Province's limited resources could only afford to authorise essential infrastructure projects in the provincial industrial and economic zones, Hoa said.
"Thus, we are making sure there is sufficient cleared land for responsible investors," he said.
The province has eight industrial and economic zones, occupying a total area of 2,860ha, which were given Government permission to be established by 2015.
Three of these zones have attracted 80 projects, including nine that were foreign-invested and worth US$1.9 billion.
Other localities – such as Ha Noi, Bac Giang, Binh Phuoc, Hai Phong, Can Tho, Quang Nam and Hau Giang – have also revoked sluggish projects' investment licences.
Earlier, Dang Huy Dong, deputy Minister of Planning and Investment, said top priority this year would be given to enhancing the supervision of licensed projects. — VNS