Vinalines' investment license for Van Phong Port project revoked
This information was confirmed by Mr. Hoang Dinh Phi, deputy manager of Van Phong Economic Zone (Khanh Hoa) on June 17.
Workers maintain rusted iron piles exposed to the sun and rain at Van Phong International Container Transit Port - Photo: VAN KY
On June 17, Mr. Hoang Dinh Phi, deputy head of the Van Phong Economic Zone Management Board (Khanh Hoa) said that this unit has just issued a document announcing the termination of investment in the Van Phong International Container Transit Port project, invested by Vietnam National Shipping Lines (Vinalines) and carried out procedures to revoke the investment license for this project.
Within 6 months to 1 year, Vinalines must carry out project liquidation procedures (resolving assets on land, investment contracts, etc.).
After Vinalines completes the procedures, the Van Phong Economic Zone Management Board will issue a decision to revoke the project's investment license.
Currently, the Van Phong Economic Zone Management Board is calling on domestic and foreign investors to continue implementing the Van Phong International Container Transit Port project.
Van Phong International Container Transit Port (Dam Mon village, Van Thanh commune, Van Ninh district) started construction in October 2009, with an investment cost of about 3.6 billion USD, expected to be completed in 2020.
In June 2010, the project was temporarily suspended for a geological survey when only 97/1,729 iron piles had been driven. In 2011, Vinalines officially announced the suspension of the project to adjust the project design.
In September 2012, the Government agreed to stop construction of the Van Phong international container transit port at the request of the Ministry of Transport.
Mr. Phi added that the investment license for the Van Phong Oil and Gas Industrial Service Complex project, invested by Sao Mai - Ben Dinh Oil and Gas Investment Joint Stock Company (under the Vietnam National Oil and Gas Group), has been revoked.
The project was granted an investment certificate in May 2011, with a total investment of about 1.4 billion USD, located in Ninh Hai ward, Ninh Hoa town. According to the plan, the project was completed in 2017, but to date the investor has not implemented anything.
According to Tuoi Tre -TH
