Taiwan official proposes joint commissions to help firms in Vietnam

05/23/2014 11:32 PM

Hanoi, May 23 (CNA) Taiwan's Vice Economics Minister Shen Jong-chin proposed Friday setting up joint commissions with Vietnam to tackle Taiwanese businesses' losses during anti-China riots in the Southeast Asian country last week.

During a 90-minute meeting with Vietnam's Planning and Investment Minister Bui Quang Vinh, Shen proposed that the two sides set up a bilateral negotiation commission and a joint mediation commission to handle compensation issues.

In addition, the Taiwanese official urged Vietnam to set up a single window to handle all Taiwanese businessmen's losses, along with a list that demands Vietnamese cooperation in dealing with the matter.

Bui promised to report Taiwan's requests to his prime minister on May 25, Shen said, adding that he "can fully feel the sincerity from the Vietnamese government."

Shen is leading a 24-member delegation in Vietnam, to examine the damage sustained by Taiwanese businesses during the recent violent protests and to also try to establish a mechanism for negotiations.

A total of 224 Taiwanese companies have reported suffering damage during the anti-China riots, with 18 factories set on fire, five of which were completely destroyed, according to statistics compiled by Taiwan's Ministry of Economic Affairs.

The operations of about 1,100 Taiwanese enterprises were also suspended, the ministry said.

Protesters angry at China moving an oil rig to a part of the South China Sea claimed by both sides, mistakenly targetted Taiwanese businesses, thinking they were Chinese-owned.

(By Tony Fang and James Lee)ENDITEM/cs

Video report:Vietnam-based Taiwanese people recount "terror"

Related stories:●May 23: Taiwan hopes for better compensation terms from 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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