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Four FDI Enterprises Cease their Operation

According to report by the provincial People’s Committee, between late June and early July, four firms across the province paused, stopped its operation or dissolved.

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Laborers hunt for job opportunities

    Those include S&K Sourcing Company (Tam Phuoc IZ), pausing its business from July 1, 2009 to June 30, 2010. As known, the company only employed six laborers when it ceased. Another case is Fine Décor Company (Loteco IZ) which has stopped since June 27, 2009 due to long-term internal disputes. It is now being sued by the Bank for Investment and Development for overdue debts. The third is Neo Viet Co., Ltd (Nhon Trach IZ) which submits request to dissolve on account of its fiscal problems and ineffective performance. The last case belongs to UTC Vina (Amata IZ) that also paused its operation because of internal disputes and currently six workers have been paid yet.

L.H (Reported by Thanh Tam)

 

Author: phongvien

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