According to a Governmental announcement on November 4, the decision was made at a meeting with Deputy Prime Minister Truong Hoa Binh in Ha Tinh province in October.
Formosa caused the environmental disaster in April. Fishermen in the region continued fishing and stored their catch in warehouse freezers, but almost every sample taken showed chemical contamination.
Under the scheme, traders and fishermen of Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue provinces will be reimbursed for the price the frozen fish could have fetched at market and for the cost of warehousing and electricity.
The Government will also help market the frozen packages that tested negative for chemical contamination. The ministries of agriculture and rural development, finance, industry and trade, natural resources and environment will be involved in the scheme.
In September, Quang Tri authorities dumped 70 tonnes of Formosa-contaminated fish taken from local warehouses.
In Thua Thien-Hue, four local businesses stored 493 tonnes of fish. Local authorities have been trying to sort out the contaminated fish and assist the businesses in selling those uncontaminated.
There are 4,000 tonnes of frozen fish in Quang Binh’s warehouses. Local authorities have also helped collect and destroy contaminated fish there. Businesses are also asking the Government to help them regain faith among consumers.