That is the ore gathering project of Vu Quang Iron Company Limited (investor) in Tho Dien commune, Vu Quang district, Ha Tinh province.
The People's Committee of Ha Tinh province assigned the Department of Planning and Investment (now the Department of Finance) to preside over and coordinate with relevant units and localities to fully implement the documents and procedures for the next steps in accordance with regulations to stop the project.
Previously, in mid-December 2024, the Department of Planning and Investment of Ha Tinh issued a document on the policy of stopping the operation of the Investment Project to build a 500,000-ton/year iron ore processing factory.
The document stated the investors' shortcomings and violations such as: Not implementing the contents of the investment certificate; the project has not completed all items according to the plan approved by the Provincial People's Committee; investment progress has been delayed for more than 16 years.
Some construction items are not in accordance with the planning location approved by the Provincial People's Committee; the project has been in production and operation but has stopped production and business since 2011.
At the time of inspection on November 14, 2024, the company had not yet resolved the identified shortcomings and violations; had not paid the administrative penalty and had reported financial difficulties and was unable to pay the fine.
In addition, based on data at the tax authority on tax declaration and payment to the state budget, as of October 31, 2024, the company still owes nearly 9 billion VND, including resource tax, environmental protection fees, card fees, land rent, fines and other late payment fees...
Previously, Lao Dong Newspaper also published many articles reflecting the "deadly" situation of the Investment Project to build a 500,000-ton/year iron ore processing plant in Tho Dien commune (Vu Quang district).
