Binh Thuan to pull the plug on delayed resorts

Authorities in the southern province of Binh Thuan will continue to scrap delayed and tardy resort projects this year after having withdrawn 21 licenses for the same reason in 2010.
Le Thi Thanh Lien, deputy director of Binh Thuan Department of Culture, Sport and Tourism, said 280 projects have currently been licensed.
However, only 30 percent of them are exactly on schedule while the rest have been delayed to various degrees, with investors failing to keep their commitment due to financial problems.
The province will closely scrutinize all projects and consider revocation of some licenses, Lien said.
All resort builders will be ordered to cap construction at 30 percent of land area to keep them green, he added.
The costal province has 124 operational resorts now.

List of Companies - A Business Directory