Tourism projects in Binh Thuan lose licenses over delays
Tourism projects in Binh Thuan, Binh Thuan Province, which is known for the seaside resort town of Phan Thiet, has taken back licenses from 19 tourism projects worth some VND580bil in the year to date due to long delays.
Luong Van Hai, director of Binh Thuan's Department of Planning and Investment, told the Daily that the provincial government revoked the licenses of 13 tourism projects capitalized at some VND850bil last year for the same reason.
The department is continuing to check the progress of the licensed projects, he said.
"We are creating favorable conditions for those investors who have goodwill, but we are resolved to withdraw the licenses of projects that have not got off the ground for long," Hai said.
Tourism projects in Binh Thuan Vietnam that lost their licenses include Belagio Resort, Long Beach and Hon Lan Villas, with many of them belonging to Vietnamlocal companies.
The total area of the 32 projects is 435 hectares.
The tourism industry of the province last year achieved total revenue of some VND800bil, and the figure is estimated to rise to some VND1tril this year. Tourist arrivals are projected to amount to around 1.8mil.
Ngo Minh Chinh, director of Binh Thuan's Department of Tourism, said the province had identified tourism as one of its key economic sectors.
The province is aiming to develop Phan Thiet's Mui Ne area, which is already crowded with resorts, toward southern and northern areas such as Ham Thuan Nam, Ham Thuan Bac and Bac Binh in years to come.
Binh Thuan has a 192-kilometer coastline and more than 360 resorts licensed with total registered capital of some VND10tril but only 100 of them are operational at the moment.