PM directs business recovery after social disorder

The PM has laid out a set of actions in support of enterprises hurt by recent social disorder in some localities.
Prime Minister Nguyen Tan Dung has laid out a set of actions in supportof enterprises hurt by recent social disorder in some localities, askingministries and agencies nationwide to roll them out as soon aspossible.

The rioting erupted in protest of China’s illegaldispatch of its oil rig Haiyang Shiyou – 981 in Vietnam’scontinental shelf and exclusive economic zone since early May.

Protestersdestroyed property of the State, businesses and individuals, includingforeign firms, and acted against law enforcement officials, disruptingsocial order and business activities.

Thanks to the government’stimely interference, almost affected companies have returned to workand social order and security has been ensured.

Under the PM’sorders, the Foreign Ministry will be responsible for updating countriesand territories worldwide on Vietnam’s current situation, urgingthem to encourage firms to continue operating in the country.

Ministries,authorities and workers are requested to stay united to share commoninterests. Relevant units will work with affected companies in aconstructive manner, jointly implementing every proper support measure.

The PM asked the people’s committees of affected cities and provincesto send officials to work directly with each enterprise to grasp thereal situation, while immediately announcing the agencies responsible tohandle issues related to administrative affairs, damage assessment andsupport policies.

In case there has been a loss of documents, theagencies are allowed to proceed with the work based on the firms’post-inspection declarations and commitments.

PM Dung alsoassigned the Ministry of Finance to coordinate with relevant ministries,agencies and localities and guide insurance companies to verify damageand provide sufficient compensation in a prompt and simplified manner.

Theministry is asked to direct tax and customs agencies, on the basis ofreal loss of the firms, to prolong the duration of submitting their taxdeclarations as well as tax and budget payment arising before May 2014.The longest extension will be two years, and punishment will not beapplied for late payment by affected enterprises.

The involvedfirms will be given reduction in their import and export duty rate andfavourable conditions in their import-export activities.

Theywill also receive value added tax refunds or a reduction for theiruncompensated input goods and services, even in case of no receipts.

ThePM also asked tax agencies to provide guidelines to the firms declaringtheir enterprise income tax so that they can get tax reduction for thedamage and uncompensated property.

A maximum 30 percent of reduction in special consumption tax for 2014 will also be applied, asked the PM.

Thepeople’s committees of provinces and centrally-run cities are to applyexemption or reduction in land rent fees for damaged enterprises. Incase the firms hire infrastructure with land use rights, the companieswho manage the infrastructure will be exempted or reduced land rentfees. The money will be deducted in the hiring fees paid by the damagedfirms.

The Ministry of Labour, War Invalids and Social Affairshas instructed localities to take appropriate measures to offer supportand provide labourers without delay to the affected businesses to coverworkforce shortages.

Meanwhile, the Ministry of Public Securitywill create all favourable conditions in terms of visa granting to thedamaged companies that require additional foreign workers. To cater theurgent demand of labour, the granting of work permits to foreignersliving in Vietnam for over six months will only need their criminalrecords issued by Vietnamese authoritised agencies.

Regarding thedamaged businesses that have not yet resumed normal production and areunable to pay salary to workers from April to June this year, the labourministry and the Vietnam Social Insurance will coordinate with theprovincial and municipal people’s committees to assess the providedlists and apply unemployment insurance policies.

The labourministry and the Ministry of Finance will oversee the implementation oflocalities and then submit to the PM their solutions together withmeasures applied after June 2014.

The State Bank of Vietnamwill instruct credit organisations to take timely and necessary measuresto remove obstacles in transactions and loans in order to help theaffected businesses to resume and develop their production soon.

Meanwhile,the Ministry of Public Security will instruct prosecutors to strictlypunish law violators without delay, while tracking down and returninglooted assets and technical equipment to the affected organisations,individuals and businesses.-VNA

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☕ Afternoon briefing on April 2

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