HCM City People's Committee decided to revoke investment certificates of 40 property projects with total registered capital of $1.77 billion because of the tardiness in implementation, according to a report to Ministry of Planning and Investment.
HCM City has remaining 143 valid projects worth $9.61 billion, of which $3.61 billion was actualised.
The committee is considering licensing seven property business projects worth $3.7 billion.
