As the biggest foreign direct investment project in Vietnam with $11 billion of register capital, Formosa Ha Tinh has created stable jobs for 12,000 people.
Twenty eight firms, including Formosa Ha Tinh Steel Corporation (FHS) and Nui Phao Joint-venture Co., Ltd., are subject to special environmental control under the scheme on special environment control implemented by the Ministry of Natural Resources and Environment (MoNRE).
Formosa, a giant steel project in Ha Tinh central province causing the worst water pollution ever in Vietnam, is a failure of the country in attracting foreign investors, forcing it to draw lessons to change for more successes in the future.
If Thach Khe iron mine is resuscitated, in case of incident, the environmental disasters will be much more serious than Formosa incident.
Prime Minister Nguyen Xuan Phuc has just paid a field inspection of Formosa, confirming that the steel mill will be closed if toxic spill incident is reoccured.
The Prime Minister Nguyen Xuan Phuc responds about the compensation and stability of life, production, business of people in four central provinces: Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue.
Explosion rocks Formosa steel plant in north-central province on evening of May 30.
Deputy Prime Minister Truong Hoa Binh urges completing compensation for fishermen in four central provinces due to a marine environmental incident caused by Formosa.
A former leader of Ha Tinh Province in central Vietnam was removed from the country’s top legislative body on Monday after being held accountable for a toxic spill caused by Taiwan’s Formosa steel plant a year ago.
