Riot-affected enterprises receive insurance payment

Riot-affected enterprises receive insurance payment

Insurance companies on June 6 made the first batch of payment to riot-affected enterprises in the southern province of Binh Duong.

Finance Minister Dinh Tien Dung answers entrepreneurs’ questions (Photo: VNA)

A total of 114.7 billion VND was paid to 113 enterprises, including 87 Taiwanese and three Singaporean companies, four investors from Hong Kong and three investors from the Republic of Korea.

Director General of Esquel Vietnam thanked the Vietnamese government and Binh Duong authorities for taking timely measures to help riot-affected enterprises resume operation.

Speaking on the occasion, Finance Minister Dinh Tien Dung reiterated the Vietnamese government’s resolve to ensure a safe and convenient investment environment for foreign investors.

Chairman of Binh Duong province’s People’s Committee Le Thanh Cung said the provincial authorities will continue carrying out policies to assist locally-based enterprises in line with the Government’s instruction.

By June 4, 356 out of 369 riot-affected businesses in Binh Duong had resumed their activities, according to Nguyen Phuoc Viet Dung, director of the provincial Department of Customs.

Also on June 4, the province held a ceremony to hand over investment licences to 41 FDI projects with a combined capital of 146 million USD.

According to Mai Hung Dung, Director of the provincial Department of Planning and Investment, among the projects, there are 10 from Japan, nine from the Republic of Korea, five from China, four from Hong Kong and three from Taiwan. Eight licences were issued after May 15.

This is a positive sign for the province as it is one among the three localities most seriously affected by disturbances which occurred on May 13-14 when some individuals took advantage of workers’ rallies – in protest of China’s illegal placement of its Haiyang Shiyou-981 drilling rig in Vietnam’s waters – to incite others to damage and loot assets of some foreign-invested companies and factories.-VNA

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