Hung Nghiep Formosa Ha Tinh Steel Ltd

Formosa to pay US$500mil. compensation for environmental disaster in central Vietnam

Date of Release: 
Jun 30 2016

Formosa also made five commitments, including $500 million of compensation. It was the official information released at a government press conference in Hanoi this afternoon.

The press conference attracted public attention since it released the long-awaited official causes of mass fish deaths in the central coastal provinces of Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue.

At the press conference, a record of Hung Nghiep Formosa Ha Tinh Limited Company Chairman Chen Yuan Cheng’s apology to Vietnamese people was also released.

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