DPM Hai visits Formosa’s project in Ha Tinh
09:35, 2014/05/22
Deputy PM Hoang Trung Hai on Wednesday made a fact-finding tour to the iron and steel complex and Son Duong deep-water port project funded by Formosa group in the central province of Ha Tinh to share difficulties faced by the relevant enterprises following the recent extremist actions there.

According to the local authorities’ report, on May 14, residents in Ha Tinh gathered to denounce China’s illegal installation of the drilling rig Haiyang Shiyou-981 in Viet Nam’s waters.

Some workers came to the project site. Due to contradictions among groups of workers and being excited by extremists, scuffles broke out among these groups, causing property and human damages to Formosa group and contractors (three people dead and 149 others injured).
Competent agencies and especially Ha Tinh authorities timely took drastic measures to stop the scuffles and conduct extensive investigations. Many ringleaders were arrested.
Now the situation has been put under control.
As of May 20, 33 enterprises and contractors; some 7,385 laborers, including 274 foreigners (32 of them are Chinese) returned to work at the project site.
Director General of the Formosa project, Yang Hong Zhi said Formosa group always considers Viet Nam as a long-term and key investment destination. He went on to say that the past extremist actions were regrettable and caused damages to the project.
Formosa group spoke highly of the Vietnamese Government’s recent measures to ease difficulties against foreign investors and hoped for early instructions to help the company surmount the consequences and resume progress.
During his tour, Deputy PM Hai and relevant enterprises inspected the project site and directly discussed measures to support these enterprises.
The Deputy PM restated the Vietnamese leaders’ consistent stance that the success of foreign investors is the success of Viet Nam.
For the past incidents, Deputy PM Hai affirmed that the incidents were totally caused by saboteurs. The Vietnamese Government has quickly directed ministries, agencies and localities to take practical measures to help enterprises overcome the damages. He said that most of the damaged enterprises have resumed production.
The Vietnamese Government pledged to take all necessary measures to ensure the absolute safety for foreign-invested projects in Viet Nam, including the Formosa’s one, affirmed Deputy PM Hai, adding PM Nguyen Tan Dung on May 20 assigned inferior levels to assist the damaged enterprises to overcome the consequences.
For foreign-funded projects in Ha Tinh, Deputy PM Hai tasked ministries, agencies and the locality to immediately arrange forces to protect the absolute safety of laborers in Vung Ang Economic Zone to make sure that such incidents will not repeat.
Deputy PM Hai also hoped that Formosa would closely coordinate with the competent agencies of Viet Nam for early resumption of the project.
Competent agencies and especially Ha Tinh authorities timely took drastic measures to stop the scuffles and conduct extensive investigations. Many ringleaders were arrested.
Now the situation has been put under control.
As of May 20, 33 enterprises and contractors; some 7,385 laborers, including 274 foreigners (32 of them are Chinese) returned to work at the project site.
Director General of the Formosa project, Yang Hong Zhi said Formosa group always considers Viet Nam as a long-term and key investment destination. He went on to say that the past extremist actions were regrettable and caused damages to the project.
Formosa group spoke highly of the Vietnamese Government’s recent measures to ease difficulties against foreign investors and hoped for early instructions to help the company surmount the consequences and resume progress.
During his tour, Deputy PM Hai and relevant enterprises inspected the project site and directly discussed measures to support these enterprises.
The Deputy PM restated the Vietnamese leaders’ consistent stance that the success of foreign investors is the success of Viet Nam.
For the past incidents, Deputy PM Hai affirmed that the incidents were totally caused by saboteurs. The Vietnamese Government has quickly directed ministries, agencies and localities to take practical measures to help enterprises overcome the damages. He said that most of the damaged enterprises have resumed production.
The Vietnamese Government pledged to take all necessary measures to ensure the absolute safety for foreign-invested projects in Viet Nam, including the Formosa’s one, affirmed Deputy PM Hai, adding PM Nguyen Tan Dung on May 20 assigned inferior levels to assist the damaged enterprises to overcome the consequences.
For foreign-funded projects in Ha Tinh, Deputy PM Hai tasked ministries, agencies and the locality to immediately arrange forces to protect the absolute safety of laborers in Vung Ang Economic Zone to make sure that such incidents will not repeat.
Deputy PM Hai also hoped that Formosa would closely coordinate with the competent agencies of Viet Nam for early resumption of the project.

12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.

18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.

16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.

10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.

17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.

21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
- Foreign companies confirm investment expansion in Vietnam in 2025
- PM invites Skoda to manufacture electric vehicles in Vietnam
- US Berggruen Holdings to help Vietnam set up investment funds
- Vietnam releases Esports White Book 2022-2023
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses