The investment certificate licensed to Viet Phong Trading Co., Ltd was revoked on July 7, according to the Binh Dinh Investment Promotion Centre.
The company, whose owner is a Chinese investor Lei Wang Tai, was allowed to invest in the field of cassava slice on September 13, 2010; however, it hasn’t put the project into operation so far.
This is the second FDI project revoked in 2011.
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