Ha Tinh revokes seven FDI projects' licenses

Ha Tinh province reportedly revoked licenses of seven Foreign Direct Investment (FDI) projects in 2015.
The projects were cancelled because foreign investors did not carry out projects on schedule or investors suggested ending the contracts.
In 2015, FDI capital reached US$ 3, 24 billion, accounting for 81 percent compared to the plan and a decrease of 13, 09 percent compared to 2014.
Last year, additional ten foreign direct investment projects were licensed in the province, increasing three projects compared to 2014.
Total investment capital increased US$ 121 million, 21 percent compared to the plan of 2015.
Up to now, 10 countries and territories worldwide have planned to invest into Ha Tinh province including Taiwan (China), Japan, South of Korea, Brunei, Australia, the United States, Thailand, the Philippines, Laos and China.

By Duong Quang- Translated by Huyen Huong

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