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Update news riots
Taiwanese firms stay put; Foreign invested companies resume business operations; Corporate governance below average in VN; Pepper exports to break annual record; Investors retain confidence in Vietnamese market
A representative from the Hong Kong Business Association was positive yesterday about Government efforts to restore business confidence after the recent rioting.
VietNamNet Bridge – The Social Insurance Agency of Binh Duong Province has found itself having to pay social benefits to a record number of workers.
VietNamNet Bridge - For the first time, the police of Binh Duong Province have found themselves handling a case with hundreds of suspects, who are expected to be put on trial as soon as possible.
VietNamNet Bridge - Businesses affected by the disturbances in Ha Tinh, Binh Duong and Dong Nai will have their taxes and land rents waived, reduced or deferred, and receive other assistance, at the request of PM Nguyen Tan Dung.
VietNamNet Bridge – The Social Insurance Bureau of Binh Duong Province plans to spend VND700 billion (nearly $35 million) to support the tens of thousands of workers affected in the recent disturbances at its industrial zones.
Foreign businesses in HCM City reopen after riots; SBV warns against gold, foreign currency purchases; Pakistan remains Vietnam’s largest tea importer; Construction of wind farm gets underway in Ninh Thuan province
VietNamNet Bridge – Foreign investors say they consider the riots triggered by disruptive elements some days ago to be unfortunate incidents, but affirm that they do not intend to leave Vietnam, which they still find “attractive” and “friendly”.
In a dispatch issued on Monday, the Minister of Finance asked the tax and customs authorities and the local departments of finance to swiftly support local businesses that were damaged in the disturbances in Binh Duong and Ha Tinh provinces.
VietNamNet Bridge – The Vice Chairman of Binh Duong Province, Tran Thanh Liem, has apologized to foreign businesses for the recent spate unfortunate incidents and affirmed his commitment to ensure the safety of their operations.
At least nine cars were torched and two schools and a police station were set ablaze as riots swept through Stockholm's immigrant-dominated suburbs early Friday for the fifth straight night, police and firefighters said.