More compensation comes to Formosa incident-hit residents

Deputy PM Truong Hoa Binh has asked the Ministry of Finance to make an advance payment of 1.68 trillion VND to compensate residents in central coastal provinces for losses caused by a maritime incident.

Friday, January 20, 2017 20:48

More compensation comes to Formosa incident-hit residents ảnh 1

Residents in affected localities received compensation in December 2016 (Photo: VNA)

Hanoi (VNA)– Deputy Prime Minister Truong Hoa Binh has asked the Ministry of Finance tomake an advance payment of 1.68 trillion VND (over 74 million USD) tocompensate local residents in four central coastal provinces for their lossescaused by a maritime environment incident last year.

The four effectedlocalities, namely Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue, willreceive 560 billion VND, 760 billion VND, 160 billion VND and 200 billion VND,respectively. This is the second round of compensation for the affected people.

The sum is sourced fromthe compensation of Taiwanese Hung Nghiep Formosa Ha Tinh Steel Co. Ltd, whosewastewater caused mass fish deaths along the coast of the four provinces,affecting the lives of over 260,000 fishermen and seafood traders.

Formosa agreed to paydamages of 500 million USD to help local fishermen switch to other jobs andrecover the polluted maritime environment. The company also vowed to deal withshortcomings in its waste and wastewater treatment.

Deputy PM Binh requestedthe Ministry of Finance to promptly transfer the money to the localities whileasking the provincial authorities to ensure the proper allocation.-VNA

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#Deputy Prime Minister Truong Hoa Binh #maritime environment incident #mass fish deaths #wastewater

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