The Vung Tau administration has accepted a proposal by the provincial Department of Planning and Investment to cancel the license issued for a US$1.3-billion amusement park to a US company.
In 2008 Good Choice USA – Vietnam Co Ltd was licensed to build the Wonderland World Vung Tau complex consisting of a five-star hotel with 2,500 rooms, four four-star hotels with 1,000 rooms each, and an entertainment in the city’s Nguyen An Ninh Ward.
But the investor has failed to proceed with the project since.
Ho Van Nien, deputy chairman of the provincial people’s committee, told Tuoi Tre that the province would look to continue with the project since it had been approved by the government.
“We will look for other investors, and the government will do it if we cannot find anyone,” he added.