Tan Duc Investment Company – a subsidiary of Tan Tao Group (Stock code: ITA) has just sent a document to Prime Minister Nguyen Xuan Phuc (sent at the time he was holding the position of Deputy Prime Minister) and the Securities Commission.
Regarding the collection of infrastructure fees of Tan Duc Company, on April 15, 2009, the Management Board of Long An Economic Zone allowed Tan Duc to have the right to decide on the method and level of user fee collection.
Tan Duc Company once dumped land, cut off water and built a toll fence right in front of Tango Company’s door.
`When fully investing in infrastructure for investors to use, Tan Duc will be allowed to collect tolls in the same way as road tolls. Investors set up road toll gates, when traffic participants
Tango Candy Co., Ltd., with 100% Japanese capital, has signed a contract with Tan Duc since 2007 to lease land at Lot 8, Street 5, Tan Duc Industrial Park.
When the fee collection started from 2013 until now, Tan Duc Company said that it has sent documents to Tango many times requesting to fulfill its responsibilities, but up to now, the land lessee is still not willing to pay.
On March 16, Tan Duc General Director, Mr. Thomas Beachler, went to Tango to remind him, but the company still did not pay.
On March 19, 2016, both the main gate and side gate of Tango Candy were blocked by fences and dozens of tons of rocks and soil to collect maintenance fees from Tan Duc.
Regarding toll collection, Tan Duc said it has completed and put the infrastructure into operation for 10 years.
Accordingly, this company wants the Government leadership to consider carefully to protect fairness and transparency for Vietnamese businesses, avoiding taking advantage of incentives for foreign investors `which causes them to abuse and oppress businesses.`
Previously, General Director of Tango Candy – Mr. Tango Hirosuke, said: `When we arrived here in 2007, the contract did not specifically state the amount of infrastructure maintenance fees. By 2013, they
This CEO also apologized to representatives of 500 Japanese businesses in Vietnam because he did not want a small incident to affect the investment relationship between the two sides and hoped to reach an agreement with Tan Duc on a legal basis.