Dong Nai provincial authorities complained about the slow progress made by some huge foreign direct investment (FDI) projects in recent years.
Dong Nai provincial authorities complained about the slow progress made by some huge foreign direct investment (FDI) projects in recent years.
No funds have been brought in by Sun Steel Co for its $200 million project licensed in 1966.
Nguyen Phuong Lan, Deputy Head of the Dong Nai Industrial Park Authority, said the investor has not made any effort to go ahead with the project.
"The Dong Nai IP Authority will soon meet with the investor and reconsider the feasibility of the project," he said.
Provincial authorities will also meet with executives of Amata Power Ltd., which was licensed in 1996 to generate and supply electricity to IPs in the province. The company has disbursed only 10 per cent of its registered capital of $110 million.
But many major foreign projects have been operating efficiently in Dong Nai, providing jobs and contributing significantly to public revenue, Lan said.
(Source: VNS)
