Advance compensation paid for affected firms in Dong Nai

Of the total, VND38.5 billion was handed over to 30 Taiwanese firms, while VND700 million was given to two Chinese companies and the rest VND400 million to three Vietnamese enterprises.

The firms were affected by the incident caused by some individuals who took advantage of the protests by workers in some local industrial zones against China’s illegal placement of its oil rig in Vietnamese waters to incite others to destroy the property of foreign and domestic firms, disrupting social order and business activities. 

According to the provincial Industrial Zones Authority, almost all the firms have resumed their normal operations.

Speaking at the handover ceremony, Deputy Finance Minister Tran Xuan Ha said the Vietnamese Government is always determined to ensure a safe and favourable investment environment for enterprises, especially foreign-invested ones.

Many prompt support activities have been carried out with joint efforts of many ministries, including tax and customs agencies, he said. 

He stated that the advance payment of insurance compensation is another evidence proving the determination of insurance firms in realising their commitments and responsibilities towards their customers, helping the affected firms stabilise their production.

Pham Xuan Nam, manager of Johnson Wood company – a Taiwan-invested enterprise based in Tam Phuoc Industrial Park, Bien Hoa city – said he is delighted to receive the advance compensation, which will be helpful to recover the operation of his company.