Besra suspended operations at its Bong Mieu site in central Vietnam from July 18 and at its nearby Phuoc Son site on July 22 as a direct result of coercive measures taken by the provincial Quang Nam Tax Department.
Besra’s CEO John Seton says, “This unfortunate event is a direct result of intimidatory measures applied by the Quang Nam Tax Department which mean that we cannot and will not continue to operate. The Quang Nam Tax Department’s actions appear to be the only case of such measures being applied in all of Vietnam, are in our view illegal, and fly in the face of every stated objective of the Government of Vietnam towards foreign investment.”
Notwithstanding this very unfortunate set of circumstances, Besra continues to seek a lifting of the coercive measures as soon as possible. The company has received support from both provincial and national governments that want Bong Mieu and Phuoc Son to operate.
As the national General Department of Taxation has written to its provincial counterpart suggesting urgent support for the company, Besra expects this situation could be resolved shortly. Activity at both sites will resume once Besra is able to operate freely without coercion. www.besra.com