VASEP: Formosa Ha Tinh should compensate seafood lossesThe Government has been asked to compel Taiwanese firm Hung Nghiep Formosa Ha Tinh Steel Co. Ltd to compensate losses incurred by locals when it released toxic water into the ocean in April. Local seafood businesses have suffered major losses after many international customers canceled contracts because of doubts over the seafood's quality in case it was contaminated with heavy metals. The seawater in the four central provinces of Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue are reportedly now safe for swimming, water sports and aquaculture, but local seafood producers have lost face in the international and domestic markets. VASEP pointed to South Ha Tinh Sea Products Import-Export JSC (Shatico) in Ky Anh District, Ha Tinh Province, as an example of a local business suffering major losses. VASEP said many local seafood companies were facing such difficulties and would stop operations due to the shortage of materials.

Source: VietNamNet News August 26, 2016 11:26 UTC