The CEO of a foreign-owned factory in Vietnam, who asked not to be named, told CNN that neither local Vietnamese police nor the government were responding to the violent protests, reportedly saying there was nothing they could do to control the situation.
This lack of response from police is seen as a sign that the government tacitly approves of the protests.
Protests are rare in Vietnam, where the one-party system is wary of public gatherings. But there have been several anti-Chinese demonstrations in recent years.
There are concerns that protests could continue over the weekend. There's reportedly a state-sanctioned anti-China rally scheduled for Sunday.
Hon Hai Precision Industry(HNHPF), the parent company for Foxconn, is a Fortune 500 company that employs more than 1 million people and has a market capitalization of roughly $36 billion.