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Quang Ninh pulls the plug on 5 projects
Date: 8/11/2011 11:13:35 PM
Quang Ninh Province authorities have decided to withdraw the licenses issued for five projects due to unseemly delays, violations, and requests from investors.

Quang Hai Venture Co has sought cancelation of its $1.1-million rubber processing and export project as has Hoang Que 1 of its ceramic factory.

VIT Hung Thang Ltd Co lost the licence for its $10 million international hotel project while VIT Co To Ltd Co lost its $5 million project due to violation of licence terms.

(Source:Tuoi Tre News)
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