The Danang Management Board for Industrial and Export Processing Zones has decided to revoke the industrial licenses of 17 projects, because of slow project implementation since they were signed in 2010.
The 17 projects include eight foreign-investment projects and nine domestic-investment projects.
The city has attracted investments for 333 projects, of which 69 are foreign-investment projects worth $618.5 million and 264 are domestic-investment projects worth VND10,234 ($5,117 million).