Many FDI projects with the total investment up to millions, even billions of dollars were licensed for years, but so far have remained on paper.
Many FDI projects with the total investment up to millions, even billions of dollars were licensed for years, but so far have remained on paper.
ALL PROJECTS GET PROBLEMS WITH GROUND
Ba Ria – Vung Tau province has more than 10 FDI projects were licensed for a long time, but until this time they have been in an immovable state. Typically, Wonder World Park Project, the
Apart from problems in sit
e clearance, there are other causes like investors are undetermined to carry out the projects, insufficient financial capacity and expertise. And it does not exclude some investors attempted to extend the projects by applying for adjustment of design, planning many times to find partners for transfer of projects.
INVESTORS SUCCUMB TO DISADVANTAGES
As a rule, investors are handed over clean ground and the time of land rental is determined from the handover time. However, since compensation and site clearance at most of projects last long while cost of land rental boosts up every year, investors have incurred high land rental prices than the starting time of investment permit by reason of slow hand-over.
In the last time, in the condition of tight local budget, insufficient to pay for site clearance, the province called on investors to advance funds for site clearance and then deducted from the land rent. This policy is determined by investors to implement projects. Nevertheless, since having not resolved the compensation for site clearance, the projects remain stagnate. Investors sustain disadvantages as they are both impossible to implement the projects, and sink the advance payment to the State as well as bear the land rent rates increase annually.
FIND DIRECTION FOR REMOVING
Being "impatient" with the progress of projects, in recent years, the provincial People’s Committee (PPC) held several meetings with departments to resolve problems of land for investors, the province also strengthen the project Support Team to assist projects outside industrial zones and working regulations of the team. Accordingly, this support team will hold a meeting every two weeks to deal with problems for businesses in order to bring the project into operation soon. At the meetings, Mr. Ho Van Nien, PPC Deputy Chairman, Head of the Support Team required departments to find out difficulties of enterprises to solve with timely. These are key projects with large investment capital, the province will, therefore, create favorable conditions for investors to deploy early, but also request investors to show theirs goodwill in investment, and determination to implement projects. That is the consistent viewpoint of the province.
Previous page
Back to top
