The number of foreign-direct invested (FDI) enterprises in Dong Nai province that have suspended operations has increased in the last few months, leaving thousands of local workers jobless and creating a loss of tax revenue for the State.
The number of foreign-direct invested (FDI) enterprises in Dong Nai province that have suspended operations has increased in the last few months, leaving thousands of local workers jobless and creating a loss of tax revenue for the State.
In late November, a glove manufacturing plant operated by the 100 percent Malaysian-invested APL at the Go Dau Industrial Park (IP) became empty when the Malaysian bosses ran away.
Another company, K Y Seritech VN, which makes electronic components, silently moved all its machinery and equipment out of the Amata IP, leaving unpaid salaries and tax arrears of more than VND620 million.
The 17 FDI enterprises that had their licences revoked by Dong Nai authorities left unpaid taxes and workers' salaries, while the bosses and managers returned to their countries without performing corporate disintegration formalities.
To help resolve the situation, the Ministry of Planning and Investment has once again asked the provincial authorities to withdraw licences granted to investors who fail to carry out their projects within a 12-month period after being licensed.
The MPI has also asked the province to hand over land that had been taken back from company owners who had fled the country.
(Source: VNS)
