Economics minister praises Vietnam for helping Taiwan companies

05/22/2014 10:14 PM

Taipei, May 22 (CNA) Minister of Economic Affairs Chang Chia-juch on Thursday recognized the Vietnamese government's efforts to help Taiwanese companies get back on their feet after suffering losses in last week's anti-Chinese riots.

He singled out the provincial governments of Dong Nai and Binh Dong, the hardest hit by the violent protests, for helping get operations at Taiwanese-invested firms back to normal.

Vietnam's Deputy Prime Minister Vu Van Ninh has led a working team to Dong Nai to inspect the progress of support policies aiding businesses that suffered in the riots.

During the trip, Vu affirmed that the central and local governments will work together to provide assistance to the damaged businesses.

A Taiwanese delegation led by Vice Economics Minister Shen Jong-chin headed to Dong Nai Thursday to visit the provincial government and meet with Taiwanese businesspeople there.

Shen said that although Taiwan-owned factories bore the brunt of the anti-Chinese riots in Dong Nai, 98 percent of the affected companies have resumed normal operations due to help from both the provincial government and Taiwanese business associations.

A total of 131 Taiwanese businesses in the province were damaged when the riots broke out over China's position of an oil rig in disputed waters.

The Binh Duong provincial government has also adopted measures to help Taiwanese enterprises get back to work, including renewing licenses and other documents for operations.

Taiwan's delegation meanwhile estimated that damage to a Formosa Plastics Group steel mill in Ha Tinh province during a violent protest May 13 could come out to NT$87 million (US$2.89 million).

Taiwan's top financial regulator, the Financial Supervisory Commission, reported that an emergency team formed by the Vietnamese subsidiaries of Cathay Financial Holdings' Property Insurance Co. and Fubon Property Insurance Co. have reported 233 cases of damage compensation claim since the anti-Chinese riots erupted.

(By Huang Chiao-wen and Evelyn Kao)


Related stories:●May 22: Another delegation to help Taiwanese businessmen in Vietnam●May 21: Taiwan, Vietnam discussing losses incurred during rioting

(Click here for developments related to the anti-China protest-turned-riot in Vietnam.)

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