Bac Ninh Province Revokes 51 Licensed Projects
Jan. 13 – Vietnam’s northern province of Bac Ninh has revoked 51 delayed licensed projects in its industrial parks in an effort to strengthen investment conditions.
The Bac Ninh Industrial Zones Authority said projects that were left idle were canceled. Last year, it also canceled the investment licenses of 13 projects worth a total of US$23.3 million with four of them invested in by companies from China, Japan and South Korea.
Bac Ninh is located around 30 kilometers east of Hanoi and is the smallest province in the country in terms of land area. Thanh Nien News reports that industrial parks in the province received investment commitments worth more than US$326 million in 2009 for 30 new projects and 21 current projects.
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