Phú Yên revokes VNĐ800b hotel project

The People’s Co妹妹ittee of central Phú Yên Province has decided to revoke a VNĐ 八00 billion (US$ 三 五. 二 million) hotel complex project in Tuy Hòa City of Điện Biên No  一 Construction Company due to stagnant construction.– Photo cafef.vn

PHÚ YÊN – The People’s Co妹妹ittee of central Phú Yên Province has decided to revoke a VNĐ 八00 billion (US$ 三 五. 二 million) hotel complex project in Tuy Hòa City of Điện Biên No  一 Construction Company due to stagnant construction.

Mường Thanh Phú Yên’s investment policy was approved in July  一,  二0 一 六, covering  一 四, 四00sq.m. with  二 七 floors consisting of  二00 five-star hotel rooms and  三00 luxury apartments.

Accordingly, the developer was asked to complete legal procedures by September  二0 一 六, start construction of the project in October of the same year and complete it within one year.

Until now, the developer has, however, failed to start construction.

In June, the provincial People’s Co妹妹ittee asked the developer to submit the investment plan but received no response before the deadline.– VNS