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Vietnam'S First Payment Is More Than 700 US Dollars, But It Can Not Make Up For Its Losses.

2014/6/26 18:28:00 15

VietnamMore Than 700 MillionThe Vietnamese Government

  Unrest After the outbreak, Vietnam, especially the central and southern Chinese enterprises almost all stopped. China withdrew thousands of people from Vietnam and suspended bilateral exchanges between China and Vietnam. Mainland travel agencies also suspended travel projects. A member of a travel agency in Shenzhen told the newspaper that the travel routes to Vietnam have not yet resumed and that when the recovery is still uncertain.


The Vietnamese government is paying compensation to companies hit by riots in mid May.


According to foreign media report On the 24 day, the Vietnamese government paid the first compensation for nearly 140 enterprises affected by the Anti China riots last month, and Mainland China and Taiwan enterprises are also being compensated.


Vietnam's compensation for damaged Chinese enterprises has not yet fully started, and Chinese enterprises now receive about $220 thousand from insurance agencies only. In southern Vietnam, according to incomplete statistics, 39 Chinese mainland enterprises were damaged in the riots, 9 were directly hit, two were indirectly damaged, and the remaining 28 were slightly damaged, with a total loss of about 100 million yuan (6.2330, -0.0020, -0.03%).


In response to Vietnam's first $7 million settlement, Yuan Mingren, a consultant to the Dongguan Association of Taiwanese businessmen, told the first Financial Daily reporters that the money was "a drop in the bucket," and that "even compensation for a factory is not enough".


He wrote accounts to our reporter: a medium-sized factory, with a cost of 500~800 yuan per square meter, is about 5000 square meters, and it costs 2 million 500 thousand yuan to calculate at a low cost of 500 yuan. This is only the cost of construction, and does not include the cost of pulling hydropower into the plant.


Yuan Mingren said that unlike many local enterprises in Dongguan, Vietnam is at the initial stage of development, and there are few ready factories. Therefore, most of the mainland enterprises and Taiwan businesses are going to buy their own land and build their own factories.


As for production equipment, Yuan Mingren said, if it is a shoe factory, the production line is not too expensive, and the spare parts and equipment of the bicycle factory are more expensive, and each one is several thousand dollars. A medium-sized bicycle factory will spend tens of millions of dollars on equipment.


The Formosa iron and steel plant in central Vietnam's Ha Tinh province suffered the most damage during the riots. At present, the owner of Formosa Plastics and Vietnam will negotiate and negotiate the claim. Gao Huigang, safety manager of the Ha Tinh iron and Steel Engineering Department of nineteen metallurgical Formosa, 22, said that the loss of the company's verification was 370 million yuan, and 25, the general representative of Vietnam Representative Office of China Metallurgical Corporation, said that the direct and indirect losses (including nineteen smelting) of the smelter companies were about 676 million yuan in the people's Republic of China ().


The company's personnel said that it would submit a loss list to the relevant departments of Ha Tinh province at the end of June, and submit evidence before the end of July. The Vietnamese side promised to confirm the loss before the end of August.


  Yuan Ming Ren To tell our reporter, after the riots, many enterprises are showing the idea of divestment, especially some small and medium-sized enterprises. Yuan Mingren said that in a riot in May, a Taiwan boss had spent the night in the garbage dump by picking up bread and water. The boss is still at home in Taiwan. He said he would trade instead of manufacturing later.


Yuan Mingren said that many factories are unlikely to resume production in the short term. It is difficult for the burned factories to recover for half a year, and it will take two or three months to prepare raw materials. Small and medium-sized enterprises can retreat flexibly. Large enterprises such as Formosa Plastics Group, Baocheng shoe industry and so on have bought land locally, and the scale is also large, so it is unlikely to divest.


After the riots, almost all Chinese enterprises in Vietnam, especially in the central and southern parts, stopped working. China withdrew thousands of people from Vietnam and suspended bilateral exchanges between China and Vietnam. Mainland travel agencies also suspended travel projects. A member of a travel agency in Shenzhen told the newspaper that the travel routes to Vietnam have not yet resumed and that when the recovery is still uncertain.


Vietnamese government prime minister Ranjig has announced a number of urgent measures to compensate for damaged foreign enterprises, including exemption, reduction, and payment of various taxes and fees. The Vietnamese government will allow the injured enterprises to delay the payment of taxes and extend the period up to two years, and will consider reducing the import and export taxes payable by the damaged enterprises. No penalty should be imposed on the injured enterprises.

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