Local authorities keep stern treatment for pending coastal tourism projects
LookAtVietnam - Gone are the days when the local provincial try to
attract tourism projects at any costs. They have become much choosier in
selecting investors and approving projects.
attract tourism projects at any costs. They have become much choosier in
selecting investors and approving projects.
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register resort and tourism complex projects on the coastal areas. Even the
investors, who do not have financial capability, also registered projects to get
land allocated.
Binh Dinh has a 134 kilometer coastal line and a lot of beautiful landscapes
which are the wonderful conditions for developing tourism and entertainment
services.
In order to take full advantage of the heaven-sent conditions, the provincial
authorities built a coastal road that links Hoai Nhon district and Quy Nhon
City. They hope that the Nhon Hoi Economic Zone, the wonderful natural
conditions and the favorable transport infrastructure, will facilitate the
strong development of the tourism industry.
Therefore, it is understandable why investors have been flocking to the central
province. To date, investors have registered 9 tourism projects on the costal
areas with the total registered capital of 15,402 billion dong.
However, the provincial authorities are considering revoking investment licenses
from the investors who really do not have capability to implement projects.
The Nhon Hoi trade, service and tourism complex project, licensed in November
2006, remains a “pending” project.
At first, the project was expected to cover an area of 74.6 hectares, but later,
the project’s area has been raised to 94 hectares. The 181.2 billion dong
project was to be implemented in 2007-2012. To date, 71.16 hectares of “clean
land” (the land ready for construction after the site clearance work completed)
have been allocated to the investor. By May 2011, the total construction work
volume has reached 82.2 billion dong.
However, according to the provincial authorities, though the project is located
on an advantageous position, the scale and the architecture of the project do
not commensurate with the “golden land” position. Meanwhile, the investor proves
to be unprofessional and does not follow the current laws in the investment.
Rainbow Resort project also got the investment license five years ago, in
December 2006, but no considerable improvement has been made so far. The 390
billion dong project, which was expected to cover an area of 56 hectares and
implemented during five years, from 2009 to 2014, has been going too slowly. To
date, the value of the construction works had been 5.58 billion dong only.
The investor has been also found out as unprofessional, who cannot fulfill his
commitments.
Similarly, the projects on Vinh Hoi tourism complex and resort, Linh Phong
pagoda eco-tourism project, Hai Giang tourism complex all have been going very
slowly due to the problems in the site clearance. The Emerald of Vietnam project
developed by ALT tourism development company has made no move over the last
year, since the investor still needs to negotiate with the South Korean Gold
Star on the mine disarming works in 2011.
more info ---->>> Local authorities keep stern treatment for pending coastal tourism projects | Look At Vietnam - Vietnam news daily update
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