ECONOMY-SCIENTIFIC-TECHNOLOGY
                    
                    
                    
                    
                    
                     
                        
                     
                             Formosa should consider environmental issue as crucial to its survival: PM
                              25 July 2017 | 09:41:00 AM 
                             Formosa should regard the environmental issue as crucial to its survival, said Prime Minister Nguyen Xuan Phuc, during his July 24 working session with leaders of the Hung Nghiep Formosa Ha Tinh Steel Co. Ltd. (FHS), which was responsible for the severe sea environmental incident in four provinces across central Vietnam last year.
                             
 
PM Nguyen Xuan Phuc inspects the waste water treatment operating room at the FHS.
Addressing the event in Ha Tinh province, the PM noted that despite  being the largest foreign investment project in Vietnam, with capital of  over US$11 billion, Formosa Ha Tinh also caused the largest  environmental disaster the country has ever witnessed.
He recognised the efforts exerted by the relevant ministries, sectors  and localities in overcoming the consequences of the Formosa-related  incident, as well as in ensuring social security and order and the  normal socio-economic development activities in the four affected  provinces, in the central region.
Evaluating the outcomes of Formosa’s incident recovery work, the  Government leader said that the company has taken full responsibility  and has seriously dealt with the aftermath, with 52 of its 53 basic  environmental violations being addressed and a modern environmental  treatment system installed.
These moves have demonstrated the investor’s determination in their  recovery work, whilst affirming the Vietnamese government’s stance of  providing favourable conditions for investors to conduct business  successfully in the country, he added.
The PM asked FHS to apply advanced technologies and modern equipment in  its production line, in order to fully address its violations in terms  of both machinery and social responsibilities, whilst expressing his  belief that the company would uphold their sense of responsibility and  not repeat the same incident.
He encouraged FHS to increase its capacity in combination with being  well-prepared for environmental protection scenarios, regarding both  water and air environments and the issue of waste.
The leader assigned the Ministry of Natural Resources and Environment to  take responsibility before the Government and the PM with regards to  the installation of monitoring and supervision devices in order to  ensure environmental indicators.
Concerning the incident recovery and compensation work, PM Phuc noted  that the Government will continue allocating resources in a timely  fashion, in order to facilitate post-incident production recovery in  line with the law.
Vietnam is striving to be among the countries with the most favourable  investment environment in the region, he said, asking authorities across  all-levels to facilitate investors’ business activities in the country.
Earlier on the same day, PM Phuc inspected FHS’s waste water treatment  area and production line at the Vung Ang Economic Zone in Ha Tinh  province, in addition to the company’s Son Duong deep-water port, which  features 11 wharves and allow ships with a deadweight of up to 200,000  tonnes
 
                             
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