FLC Group has just sent a document requesting Quang Ngai to refund the costs the investor has incurred for projects in the province.

FLC Group has sent document No. 291/FLC-BĐT to the Provincial Party Committee, the People's Committee of Quang Ngai province, the Management Board of Dung Quat Economic Zone and Quang Ngai industrial parks requesting the province to refund the costs incurred by the investor for local projects.

Accordingly, in document 291/FLC-BĐT signed by FLC Group General Director Le Tien Dung and sent to Quang Ngai province, it is stated that since 2018, the unit has been approved by the province to invest in many projects such as Van Tuong 7 Urban Area; Van Tuong 8 Urban Area; Van Tuong 9 Urban Area... in Binh Son district.

Accordingly, during the implementation of the projects, the Group and its partners have invested in many legal procedures such as topographic surveys, detailed planning at a scale of 1/500; environmental impact assessment reports; basic design documents, mine clearance... as well as compensation and site clearance costs with a total disbursed cost of more than 80.5 billion VND.

FLC Group also stated that, following the call of the province, the Management Board of Dung Quat Economic Zone and Quang Ngai industrial parks to voluntarily return the projects to re-implement the investor selection process, the investors agreed to respond and voluntarily submitted documents to terminate the projects.

However, up to now, more than 1 year since the voluntary return of the project, FLC Group and co-investors have not received any information, feedback, or instructions on the refund of the costs that we have invested in the project. Meanwhile, the amount of more than 80.5 billion VND is a large and necessary amount for FLC Group and companies in the current context.

Therefore, FLC Group proposes to soon have a solution to refund the costs that FLC Group has paid for the implementation of the projects and or have a plan to ensure the legal rights of FLC Group and the companies that are project investors.

Previously, on June 30, 2019, FLC Group started construction of the FLC Quang Ngai resort complex project. Including 4 urban area projects and 5 eco-tourism projects with a total area of ​​247 hectares, total investment of more than 18,000 billion VND.

Of these, only 2 projects were allocated land, namely Van Tuong 7 Urban Area (1.4 ha out of a total of 30.5 ha) and Van Tuong 8 Urban Area (6,600 m2 out of a total of 46.65 ha). The remaining 7 projects have not yet allocated land or leased land.