Five lose licences over long delays at Ben Tre IZ

The management board of industrial parks in Ben Tre Province has revoked the investment licence of five companies because of delays in implementing their projects.

The companies are A&B Animal Feed Production, Greenfield Organic Fertiliser Production, Hoang Thy Concrete Production, and two seafood processing companies, Le Anh and Cao Tri.

All of the companies planned to build in Giao Long Industrial Park in An Phuoc Commune in Chau Thanh District with total rented area of 5.5ha and investment capital of more than VND200 billion (US$10.5 million).

The licences were granted last year but no factories have been built.

Ben Tre Province has two industrial parks, Giao Long and An Hiep, located in Chau Thanh District, with 29 licensed investment projects.

Giao Long has 21 investors with total rented area of 60ha, of which 10 are operating.

Last year, the Government approved the construction of five new industrial parks in the province, covering a total area of 1,200 ha.

The province has hastened infrastructure construction in an aim to attract more investors to its industrial parks.

vietnamnews

>   PetroVietnam lands jet-fuel contract (26/08/2010)

>   Pepper exports rise by nearly 42% to August (26/08/2010)

>   Agriculture sees annual growth of 3.8% (26/08/2010)

>   Vietnam’s seafood sector eyes UAE market (26/08/2010)

>   New FDI capital hits US$10.79 billion in 8 months (26/08/2010)

>   Vietnam’s furniture makers claim tax laws are stacked against them (26/08/2010)

>   Argentinean businesses focus on Vietnamese market (25/08/2010)

>   Industrial zone attracts more local investors (25/08/2010)

>   Ministry insists on new Ha Noi road artery despite controversy (25/08/2010)

>   Ca Mau banks on seafood exports (25/08/2010)