Formosa Plastics Group, the largest Taiwanese investor in Vietnam, is demanding $3m in compensation from Hanoi in the wake of the anti-China riots that damaged many factories, with other manufacturers set to follow suit, writes Demetri Sevastopulo in Hong Kong and Michael Peel in Ho Chi Minh City.
The Taiwanese company has become the first foreign investor to seek compensation from the government after Vietnamese protesters last week ransacked one of its factories. The riots at Formosa Ha Tinh Steel left one mainland Chinese worker dead.
Vietnamese mobs last week attacked foreign-owned factories to protest against a move by China to start drilling for energy in disputed waters in the South China Sea.
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