Will handle strictly if discovered appropriation

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

Owing tens of billions of dong in water bills, FIDC says it will pay in June 2024

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

Reporting at the meeting, FIDC stated that it will continue to pay the outstanding water bill to Phu My Water Supply Joint Stock Company (PhuMy Wasuco). According to FIDC representative, the debt due to be paid is more than 18.7 billion VND, and the water bill for May 2024 is not due yet (at the end of June 2024).

FIDC continues to propose a payment plan, which is that the debt up to May 2024 will be paid by the end of June 2024; the water bill for May 2024 will be paid on June 30, 2024.

This enterprise also made many proposals such as planning to invest in new water supply pipelines; new gas pipelines to supply secondary enterprises... and requested support for 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 operations of secondary enterprises in My Xuan A2 Industrial Park.

"The province has received 5 complaints and reports about FIDC's water debt and assigned the authorities to investigate. If there is any collection of money from a secondary unit without fulfilling its obligations, leading to misappropriation, or cases that are not permitted by law... then we will resolutely and strictly handle it," Mr. Vinh emphasized.

For FIDC's proposals, the province will facilitate; at the same time, assign the competent authorities to review and report before July 5, 2024.

Secondary businesses brace themselves for FIDC to repay their debts

Since the My Xuan A2 Industrial Park experienced a reduction in water pressure, many secondary businesses have been severely affected. Some businesses had to buy water trucks to solve urgent problems for production and daily life.

Company S has to buy water trucks to serve production and daily life. Photo: DNCC

For example, according to a complaint from a company operating in the chemical and plastics sector, this unit is having to buy tankers to supply essential equipment. If the situation continues, the factory will have to stop production and lead to about 1,300 workers losing their jobs. Not to mention the delay in orders, the company will be fined for the contract; orders will be cut.

A steel company said that if it stops operations due to lack of water, it will lose an estimated VND386 billion; nearly 1,000 workers will have to stop working. The company is also having to buy water trucks to ensure production.

These businesses said that they always fulfill their obligations, especially the payment obligation to FIDC. Therefore, FIDC is required to fulfill its obligation to ensure a stable water supply.

If not resolved, these businesses will request FIDC to compensate for damages caused by the water supply interruption.

According to PhuMy Wasuco, including old debts and water bills as of June 22, FIDC needs to pay more than 27.9 billion VND. PhuMy Wasuco is also consolidating 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