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Publication permit No: 60/GP-TTĐT , April 05, 2010.
Teco Park could lose license: report
Date: 7/28/2009 12:15:46 PM
The government may revoke the license for a US$1.2 billion software park venture between Teco Electric & Machinery Co. and Saigon Telecommunication & Technology Corp., a local newspaper said, citing local officials.
Teco Park could lose license for a USD1.2 billion software park.
The investment and construction management board for the area being developed has asked the Ho Chi Minh City People’s Committee to take back the lease on the land and cancel the license for the 16-hectare (40-acre) project, said by a newspaper.
Teco has a 45 percent stake in TA Associates Vietnam, which is developing the park in the outskirts of Ho Chi Minh City, said Andy Chien, deputy spokesman for the company in Taipei. Chien declined to comment on the possible revocation of the license.
Saigon Telecommunication & Technology, known as SaigonTel, has invested 20 percent in TA Associates, according to Tuoi Tre.
The venture was scheduled to start producing software, circuits and computer chips for export in 2012, the People’s Committee said in June 2008.
(Source:Tuoi Tre)
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NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
