Da Nang to revoke licenses of 3 pending tourism projects
The Da Nang Tourism Department has asked the city People Committee to revoke the licenses granted to three tourism projects totaling $50.5mil as the projects investors have not made any moves towards the implementation.
According to the department, Da Nang authorities have licensed 43 projects in tourism, which have the total registered capital of $1.893bil. However, many investors have taken no action to run the projects, leaving the allocated land idle for several years.
Therefore, the Da Nang Tourism Department on June 8 officially asked the city authorities to revoke investment licenses from three projects, namely the Red Star Hotel project ($25mil); the Red Star Resort, invested by the Hanoi-based Sao Do Joint Stock Company; and Khang Hung Hotel (VND200bil or $12.5mil) by Khang Hung Joint Stock Company.
The Da Nang Tourism Department has also proposed the city authorities to give suitable investment incentives to several big investors, who have financial capability to fulfill the projects soon, and can provide diversified services. This will help put several investment projects into operation in 2008 ad 2009.
Da Nang City is considering setting up big shopping centers and souvenir shops in advantageous positions. It is also considering spending more money on advertisement and promoting tourism to Da Nang. Japan, Singapore, Thailand, France and the rest of Europe are the key markets for Da Nang tourism.
In the first six months of 2007, Da Nang received 577,433 travelers, 20% of which were foreigners, an increase of 35% over the same period of the last year. Da Nang received 38 international cruise ships in the last six months with 17,000 travelers, or double the figure of the same period last year. The clearance of the Huu Nghi 2 bridge across the Mekong river has helped attract more tourists by land. The number of travelers from Thailand, Laos and Malaysia to Da Nang through the international border gates of Lao Bao and Cau Treo has reached 11,000, double the same period last year.
Da Nang is now preparing for the big events of the year, including the ˜Da Nang Sea calling 2007 and ˜Meeting in Ba Na 2007
Source Vietnamnet