PM approves financial support for Formosa-affected provinces

Friday, 2017-12-01 06:04:38
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NDO - Prime Minister Nguyen Xuan Phuc has directed the handling of unsold seafood and other unsold marine products in the four central provinces affected by the marine environmental incident caused by Hung Nghiep Formosa Ha Tinh Steel Company last year.

Accordingly, the PM has agreed to provide financial aid to cover 100% of the value of the unsold jellyfish products and 30% of the other unsold marine products. The total budget for unsold products is over VND242 billion (US$10.65 million).

Specifically, over VND150 billion will be allocated to Ha Tinh province, VND48.5 billion will be allocated to Quang Binh, VND42 billion will be provided for Quang Tri and VND1.2 billion will be given to Thua Thien - Hue.

In addition, the PM has decided to provide over VND341 billion (US$15 million) to the other unsold marine products. Of the total, nearly VND122 billion will be granted to Ha Tinh, VND214 billion will be given to Quang Binh, VND320 million will be sent to Quang Tri and over VND4.7 billion will be allocated to Thua Thien-Hue province.

The PM asked the provincial People's Committees of Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue to ensure transparency and accuracy when allocating the financial support for the affected localities and they will be accountable to the Prime Minister for their performance.

Furthermore, each province will be provided with VND400 billion (US$17.6 million) to invest in fishery logistics infrastructure projects.