PJICO compensates riot-hit Singaporean firm

Wednesday, Jun 11, 2014 16:37

The PJICO compensation money granting ceremony. — Photo tinnhanhchungkhoan.vn

HA NOI (Biz Hub) — Petrolimex Joint Stock Insurance Corporation (PJICO) has compensated Chutex Viet Nam Co Ltd in southern Binh Duong Province with VND20 billion, or around US$952,400.

The Singaporean Chutex is among a number of foreign direct investment companies affected by the recent riots in the area.

So far, PJICO has received notices of loss from more than 40 companies, including Yanglin Vietnam Ltd from Taiwan and Hsiang Jiuh Vietnam Ltd from South Korea.

Insurance companies are acting quickly to help the businesses resume operations, in line with the government's resolve in ensuring a safe and convenient investment environment for foreign investors. — VNS

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