Hanoi's offer for damage 'far from enough'

Vietnam's tax payment extension policy for enterprises affected by recent violence in the country is far from enough to restore foreign investors' confidence, especially that of Chinese companies, an expert said.

The Vietnamese government's website quoted the country's Prime Minister Nguyen Tan Dung on Wednesday as saying that a tax payment extension of up to two years will be given to the enterprises without any penalty for late payments.

Last week's deadly attacks on Chinese personnel and companies in Vietnam, causing the deaths of four Chinese employees and injuries to hundreds of others, took place after China frustrated a series of provocative moves by Hanoi to disturb drilling by a Chinese oil rig in the South China Sea.