Formosa must comply with environmental requirements
Formosa Ha Tinh Steel, a unit of Taiwan’s Formosa Plastics, has rectified 51 out of 53 violations since it has caused an environmental breakdown in Central Viet Nam a year ago, Government official released the information to the press on Monday.
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Chairman Dung speaking at the meeting (source:VGP)
Minister-Chairman of the Government Office Mai Tien Dung said the firm must ensure operation conditions as required by Vietnamese relevant authorities. In case similar incident occurs, the firm will have to shut down.
Vietnam has strived to create a favorable and transparent investment environment and businesses' responsibility is to comply with requirements of environmental protection, he added.
In June 2016, Formosa agreed to pay US$500 million to compensate for the damages four central provinces of Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue incurred from the sea environment disaster caused by Formosa's illegal release of untreated wastes./.
( VNF/VGP )
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