Leaders of the southern province of Binh Duong on December 1 had a working session with a mission from the Taiwan Ministry of Economic Affairs led by Lien Yu Ping, head of the Department for Investment Services, on measures to aid Taiwanese enterprises in the locality.

The two sides agreed that the province has taken prompt actions to assist Taiwanese firms in resuming their production after the incident on May 13 this year, during which some extremists took advantage of local workers’ protest against China ’s illegal deployment of an oil rig to Vietnam ’s exclusive economic zone to incite acts of riot and public disorder.

They concurred that insurance companies should announce the losses of affected firms as soon as possible in order to issue appropriate support policies.

Lien Yu Ping proposed that Binh Duong provide details of compensations to Taiwanese investors in two weeks to make it easier for them to make their production plan, as the 2014 fiscal year is ending.

During the session, provincial leaders and officials also gave specific explanations on the Government’s policies to support affected firms in terms of tax, travel costs, and wage for workers during the interruption of production caused by the incident.

According to Tran Van Nam, Standing Vice Chairman of the provincial People’s Committee, so far, the province has rolled out measures to assist affected enterprises in line with the direction of the Prime Minister.

The locality has also given additional support to help the firms to resume their operations, including a loan package of 1 trillion VND (47 million USD) with 50 percent of interest subsidy from the provincial budget, he noted.

He said the delayed announcement of losses of affected firms and compensation amounts was partly due to the fact that some firms do not want to make public the damages out of concern that it would affect their business or insurance payment. In addition, some companies were found to have violated regulations on environmental protection, social insurance and taxation.-VNA