A Kansas construction company claims it owes millions of dollars to a government-owned company in Vietnam — and now it wants the US government to intervene.
The family-owned Hall Brothers, Inc. says it has been trying to make Vietnam’s state-owned company pay for the work it did in the communist country for years. Beginning in the early 2000s, Hall Brothers built dozens of miles of highway. They say they received partial payments at first, but then the payments stopped coming in.
BIDEN TAKES TARIFFS ON SOLAR PANELS FROM SOUTHEAST ASIA AGAINST MEASURES TO INCREASE SUPPLY TO US MANUFACTURERS
Now Dick Kistner, chairman of Hall Brothers, says the state-owned company owes them nearly $38 million. That includes millions of dollars for labor, supplies, travel and other expenses, not to mention the legal costs they incurred fighting the Vietnamese company in court. The ordeal has hurt their business in the US.
“It affected how much we could do here in the United States because we had to send money there to keep that going,” Kistner said.
VIETNAMESE AUTOMAKER BUILDING ELECTRIC VEHICLES IN NORTH CAROLINA
Hall Brothers tells FOX Business that several other US companies are in a similar position to them. The company has tried to get the Department of Commerce and other government agencies involved, but has had no luck so far.
CLICK HERE TO GET THE FOX BUSINESS APP