Strict action will be taken if any instances of misappropriation are discovered.

Water tanker trucks enter My Xuan A2 Industrial Park on the morning of June 24. Photo: Phan Toan.

FIDC says it will settle tens of billions of dong in water bills in June 2024.

On June 24th, the People's Committee of Ba Ria - Vung Tau province held a meeting to hear a report on the situation at My Xuan A2 Industrial Park, with the investor, Formosa International Development Company Limited (FIDC), in attendance.

Reporting at the meeting, FIDC stated that it will continue to pay the outstanding water bills to Phu My Wasuco Joint Stock Company. According to the FIDC representative, the amount due is over 18.7 billion VND, while the water bill for May 2024 is not yet due (due at the end of June 2024).

FIDC continues to present its payment plan, which stipulates that outstanding debts up to May 2024 will be paid by the end of June 2024; water bills for May 2024 will be paid on June 30, 2024.

This company also put forward several proposals, such as plans to invest in new water supply pipelines; new gas pipelines to supply secondary businesses... and requested support for their implementation.

Speaking at the meeting, Mr. Nguyen Cong Vinh - Vice Chairman of the Provincial People's Committee - requested FIDC and PhuMy Wasuco to fulfill their obligations to ensure the operation of secondary businesses in My Xuan A2 Industrial Park.

"The province has received five complaints regarding outstanding water bills from FIDC and has assigned relevant agencies to investigate. If there is evidence of secondary units collecting money without fulfilling their obligations, leading to misappropriation, or other cases not permitted by law... then we will resolutely take strict action," Mr. Vinh emphasized.

Regarding FIDC's proposals, the province will facilitate them; and at the same time, assign relevant agencies to review and report before July 5, 2024.

Secondary businesses are struggling while waiting for FIDC to repay their debts.

Since the My Xuan A2 Industrial Park experienced a decrease in water pressure, many secondary businesses have been severely affected. Some businesses have had to purchase water by the truckload to address the urgent need for production and daily life.

Company S has to buy water truckloads to supply its production and daily needs. Photo: DNCC

For example, according to a complaint from a company operating in the chemical and plastics sector, they are having to purchase tanker trucks individually to supply essential equipment. If this situation continues, the factory will have to cease production, resulting in approximately 1,300 workers losing their jobs. Not to mention the delays in orders, which could lead to contract penalties and order reductions.

Meanwhile, a steel company stated that if operations were to cease due to water shortages, the estimated loss would be nearly 386 billion VND; almost 1,000 workers would be laid off. This company is also having to purchase water by the truckload to ensure production continues.

These businesses stated that they have always fulfilled all their obligations, especially their payment obligations to FIDC. Therefore, they demand that FIDC fulfill its obligation to ensure a stable water supply.

If the issue cannot be resolved, these businesses will demand compensation from FIDC for damages caused by the water supply interruption.

According to PhuMy Wasuco, including outstanding debts and water bills up to June 22nd, FIDC owes more than 27.9 billion VND. PhuMy Wasuco is also preparing the necessary documents to sue FIDC in a competent court.

Source: https://laodong.vn/kinh-doanh/vu-fidc-no-tien-nuoc-hang-chuc-ti-dong-se-xu-ly-nghiem-neu-phat-hien-chiem-dung-1356872.ldo