The developer of a condotel project in the central Vietnamese city of Da Nang has been fined VND1 billion (US$44,235) for beginning the project without acquiring the proper permits.

Vice-Chairman of the municipal People’s Committee Nguyen Ngoc Tuan on Thursday imposed the penalty on Minh Dong Tourism Service and Trading Company, the developer behind the Central Coast Condotel project.

The structure is located near the beach in Son Tra District on a construction site spanning nearly 4,000 square meters.

Current design plans for the building call for 42 stories and one basement, with the construction itself contracted out to Doza Construction JSC. Tiếp tục đọc “Company fined nearly $45,000 for unlicensed condotel construction in Da Nang” →