Khanh Hoa revokes Phoenix beach project’s license

The south central province of People’s Committee of Khanh Hoa said the provincial chairman has just decided to revoke investment license and force India’s Dewan as investor to stop operations of Phoenix beach project of International Dewan Vietnam due to investor did not contribute the charter capital to the project.

The Phoenix project has the registered capital of VND 26,250billion (US$ 1.25billion). Regarding the rate of charter capital held by the State, the Dewan Vietnam must contribute the charter capital of VND 420billion to carry out the project and deadline would be on June 30.

The Phoenix was approved to cover a large area of 74 ha including 60 items along Nha Trang beach. As scheduled, the project would set up two high-rise buildings on Nha Trang Beach. One of the buildings is to be 50-65 stories high and the other is to be a five star hotel.

Van Ngoc –Translated by M.Quyen

Other news

Most view

At the forum (Photo: SGGP)

Ben Tre Province facilitates agriculture investors

A forum held in the Mekong Delta province of Ben Tre yesterday had met to promote investment in agriculture with the participation of the provincial Party Secretary Vo Thanh Hao, Chairman of People’s Committee Cao Van Trong and 250 enterprises.


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.