FLC Quang Binh project has a scale of nearly 2,000 hectares, built on the territory of Hai Ninh commune, Quang Ninh district and Hong Thuy commune, Le Thuy district with a total investment of up to 20,000 billion VND. The project was started in 2016, with FLC Group Corporation as the investor.
This project is planned into 3 sub-areas, including SeaHorse, SeaPearl and SeaStar, with items such as: 5-star hotel and resort villas, golf course complex, international conference center and a series of coastal entertainment areas...
FLC Quang Binh project has a scale of nearly 2,000 hectares stretching along the coast of two districts Quang Ninh and Le Thuy.
Since March 2016, FLC Quang Binh has been vigorously implementing the construction of infrastructure for the hotel, resort and the largest golf course chain in Southeast Asia in phase 1 on a land fund of 2,000 hectares...
In phase 2, FLC Quang Binh has completed the basic infrastructure and put into construction housing, villas and an international conference center.
Up to now, the project has only completed some items...
And only the golf course is almost completely built and put into operation.
According to the investor's announcement, when completed, the entire project will become the most modern, closed coastal resort and urban complex today. It will be a highlight of the natural landscape of the Central region that is rare in any project anywhere else.
However, up to now, only the golf course has been almost completely built and put into operation, the other items are just constructing the foundation or the rough construction. The foundations of houses, villas, hotels, and shopping centers were built and then abandoned, the iron and steel rusted, lying around looking very desolate.
The items are built roughly and left unfinished.
Rusty steel...
The inside of the subdivisions also began to deteriorate and fall into disrepair.
According to some residents living near the project, construction will stop completely around the end of 2022, leaving only the golf course area and some subdivisions with a few security guards watching over them.
Regarding the project progress, Mr. Bui Van Kham, Head of the Economic Infrastructure Department of Quang Ninh district, said that recently, a small group of workers came to "do the work" and no further construction has been seen.
In the initial phase of implementation, the FLC Quang Binh project emerged as a potential area, promising to bring many changes to the locality.
In the initial phase of implementation, the FLC Quang Binh project attracted many investors.
A series of real estate floors participated in the distribution, causing the land price in the project as well as the surrounding areas to skyrocket. Many investors poured money into this project, but when the project stopped construction, they had to suffer debt and buried capital.
Not only are constructions left unfinished and abandoned, recently, the Quang Binh Provincial Tax Department also publicly announced a list of 42 units that still owe taxes and other revenues to the state budget, with FLC Group Corporation at the top of the debt list with a debt of nearly 278 billion VND.
According to some residents living near the project, construction will stop completely around the end of 2022.
Also related to the FLC Quang Binh project, in early July 2022, the Investigation Police Agency, Ministry of Public Security sent a document to the Chairman of the People's Committee of Quang Binh province requesting to direct competent agencies to provide records and documents related to FLC projects in Quang Binh.
It is known that there are up to 10 FLC projects in Quang Binh that the Ministry of Public Security requested to provide records and documents, including: FLC Quang Binh hotel, resort and villa conference center project; FLC Hai Ninh resort villa project; FLC Quang Binh wildlife park project; FLC Quang Binh Golf Links golf course project; FLC adventure sports park project; Clubhouse construction investment project; Hai Ninh high-end ecological and resort villa project; FLC Faros high-end ecological and resort villa project; FLC Faros adventure sports park project;...
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