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Vietnam Business » Vietnam Financial News » Direct foreign investment capital, large, but small increase in capital

Direct foreign investment capital, large, but small increase in capital

The southern city of Vung Tau has been considered as the site with the highest number of pending investments, projects registered or not implemented. To date, the city has 94 foreign direct investment (FDI) projects preferred; capital held by only three percent of the equity.

The world "wonderful" Cultural Park "project in Vietnam U.S. Good choice, which is expected to include an area of 130 hectares and has provided investment capital of 1.299 billion U.S. dollars, the investment was licensed in 2008 . But to date remains the capital increase Project Zero. The project is a multipurpose entertainment Saigon Atlantis Hotel in Vung Tau Winvest U.S. investment has provided investment capital of $ 4100000000th The project is expected to be an area of 307 hectares, covering 80 hectares of which to "cleanse the earth" is assigned to the investor they are. But so far, investment Winvest only the modest sum of $ 6,000,000 issued in the project. Xuyen Moc District, Ba Ria-Vung Tau province was also known for massive investment projects registered. However, investors have done nothing in the big projects after they get investment licenses, except for fences. Ironically, local authorities do not even know the faces of the representatives of investors. According to May Van Dung, vice president of the People of Xuan Moc District Committee, the total capital increase of FDI projects in Xuyen Moc district, only 1.6 percent of social capital has been taken into account before June 2010. Dung went on to say that in some cases, investors have no movement projects in the last five or six years ago. Binh Chau Resort and tourism companies, for example, are recorded in the zoo or wild animals in Xuyen Moc District Satafi project, with the capital to invest 500 million U.S. dollars. But so far, no dong injected into the project. According to analysts, is always the case as investors registry to finance investment projects in order to try to occupy vantage points on earth. After you land, try to transfer to others for profit. An investor in Canada to be registered to carry on the Ho Tram project in Xuyen Moc district complex capital investment of up to $ 4,200,000,000th But so far only 70 million USD injected into the project. Immediately after arrival, licenses, organized a solemn ceremony, the investor and done nothing since then. Meanwhile, many pieces of advertising on the sale of properties in the area www.thantainhadat.com sites, www.nhadat24h.com.vn appeared. Local authorities should improve the evaluation of projects Analysts have on the phenomenon that investors will only attempt to register investment projects in order to extricate the country, he said. After the land deal with the transfer of projects to others for profit. Many of the participants, who asked the Council of Ba Ria-Vung Tau people visited in July to resolve the current problem. The Ba Ria-Vung Tau Department of Planning and Investment proposed to take control and registration of final decisions of the projects, only to receive the Land Fund. The leaders of the provincial Peoples Committee has districts "People asked the Commission, investment projects and the list of projects that are slow in implementing the review. Local authorities have the right to propose to the provincial authorities to revoke investment licenses to the projects and the resumption of land allocated to investors. However, if some members of the Provincial Peoples Council, the revocation of investment certificates as the last option when no other better option considered. It said it would be better for local authorities to improve their skills in project evaluation before licensing. Only with good skills, local authorities in a situation of "virtual" direct foreign investment to avoid investment projects.

Vietnam Business And Financial News Network. Source [english.vietnamnet.vn]

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