My Hanh Bac Residential Area Project. (Source: Long An Newspaper)

From the beginning of 2023 up to now, Long An province has withdrawn 35 domestic and foreign investment projects; in which, 28 domestic investment projects were recovered with a total capital of 2,857.5 billion VND; 7 foreign direct investment projects with a total capital of 20.3 million USD.

Among the above-recovered investment projects, there are 27 projects that use land to recover the investment policy, or terminate the project by themselves, with a total area of ​​205.7ha; 8 projects to rent factories or land, recover investment policies, or self-terminate projects with a total area of ​​7.2ha.

The terminated projects have a large area such as the residential area project of Duc Minh Long An Company Limited in Ben Luc district of 25ha; Rural residential area of ​​Saigon An Lac Company Limited, in Ben Luc district 28ha; Thanh Phu 3 residential area project of Nam Nam Thien Production - Trade - Service Company Limited in Ben Luc district 20ha...

Particularly, FDI projects (foreign direct investment) have a large area such as the footwear factory of High Appraise Vietnam One Member Limited Liability Company 5.96ha; SXTM PUTE Limited Liability Company 0.32ha...

In addition, at the beginning of the year, Long An has reviewed and handled administrative violations of 26 projects; in which, issued 17 decisions to sanction administrative violations in the field of investment with an amount of nearly 1.1 billion dong and made reminders for 9 projects.

Major violations of major projects that fail to comply with the contents of the investment policy decision, investment certificate (delayed progress, improper operation of the target); do not report investment activities.

Chairman of Long An Provincial People’s Committee Nguyen Van Ut requested leaders of provincial departments and branches and People’s Committees of districts, towns and cities, and investors in the coming time to actively coordinate in reviewing, Proposing to handle investment projects that are slow or not implemented.

The units have coordinated to drastically implement in the management and handling of unauthorized projects.

At the same time, focus on leading and directing drastically and effectively in compensation, site clearance and resettlement to speed up the implementation of projects in the locality./.