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  HOME | Business & Economy (Click here for more)

Taiwanese Firms in Vietnam Affected by Anti-China Protests

TAIPEI – Production of several Taiwanese companies in Vietnam were adversely affected owing to a wave of protests against Chinese investment in the country, Taiwan authorities said on Thursday.

Taiwanese group, Pou Chen, the world’s leading manufacturer of footwear and sportswear for international brands, issued a statement in which it said four of its factories in Vietnam had to halt production owing to the protests.

The Council of Taiwanese Chambers of Commerce in Vietnam said that at least three footwear factories and a plastic processing factory in the city of Tay Ninh were also affected.

In recent days, thousands in Vietnam have protested against government plans to approve a restrictive cybersecurity law and create special economic zones favoring Chinese investors.

The protests had spread to several cities and dozens of Taiwanese companies had to halt production as workers took off to attend the protests.

Taiwanese authorities, however, said the situation had stabilized now but asked Taiwanese businesses to remain alert.

Several Taiwanese companies were also attacked during similar protests in May 2014, caused by a dispute between Vietnam and China over a Chinese oil rig operating in waters disputed by both countries.

 

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