Leaders of the southern province of Binh Duong on December 1 had aworking session with a mission from the Taiwan Ministry of EconomicAffairs led by Lien Yu Ping, head of the Department for InvestmentServices, on measures to aid Taiwanese enterprises in the locality.
The two sides agreed that the province has taken prompt actions toassist Taiwanese firms in resuming their production after the incidenton May 13 this year, during which some extremists took advantage oflocal workers’ protest against China ’s illegal deployment of an oilrig to Vietnam ’s exclusive economic zone to incite acts of riot andpublic disorder.
They concurred that insurancecompanies should announce the losses of affected firms as soon aspossible in order to issue appropriate support policies.
Lien Yu Ping proposed that Binh Duong provide details of compensationsto Taiwanese investors in two weeks to make it easier for them to maketheir production plan, as the 2014 fiscal year is ending.
During the session, provincial leaders and officials also gavespecific explanations on the Government’s policies to support affectedfirms in terms of tax, travel costs, and wage for workers during theinterruption of production caused by the incident.
According to Tran Van Nam, Standing Vice Chairman of the provincialPeople’s Committee, so far, the province has rolled out measures toassist affected enterprises in line with the direction of the PrimeMinister.
The locality has also given additionalsupport to help the firms to resume their operations, including a loanpackage of 1 trillion VND (47 million USD) with 50 percent of interestsubsidy from the provincial budget, he noted.
Hesaid the delayed announcement of losses of affected firms andcompensation amounts was partly due to the fact that some firms do notwant to make public the damages out of concern that it would affecttheir business or insurance payment. In addition, some companies werefound to have violated regulations on environmental protection, socialinsurance and taxation.-VNA
The two sides agreed that the province has taken prompt actions toassist Taiwanese firms in resuming their production after the incidenton May 13 this year, during which some extremists took advantage oflocal workers’ protest against China ’s illegal deployment of an oilrig to Vietnam ’s exclusive economic zone to incite acts of riot andpublic disorder.
They concurred that insurancecompanies should announce the losses of affected firms as soon aspossible in order to issue appropriate support policies.
Lien Yu Ping proposed that Binh Duong provide details of compensationsto Taiwanese investors in two weeks to make it easier for them to maketheir production plan, as the 2014 fiscal year is ending.
During the session, provincial leaders and officials also gavespecific explanations on the Government’s policies to support affectedfirms in terms of tax, travel costs, and wage for workers during theinterruption of production caused by the incident.
According to Tran Van Nam, Standing Vice Chairman of the provincialPeople’s Committee, so far, the province has rolled out measures toassist affected enterprises in line with the direction of the PrimeMinister.
The locality has also given additionalsupport to help the firms to resume their operations, including a loanpackage of 1 trillion VND (47 million USD) with 50 percent of interestsubsidy from the provincial budget, he noted.
Hesaid the delayed announcement of losses of affected firms andcompensation amounts was partly due to the fact that some firms do notwant to make public the damages out of concern that it would affecttheir business or insurance payment. In addition, some companies werefound to have violated regulations on environmental protection, socialinsurance and taxation.-VNA
