Society

Nghe An: Over 77 percent of fishing boats access insurance

Over 77 percent of fishing boats in the central province of Nghe An are insured with total fees of more than 14 billion VND (667,000 USD) collected in the first six months of 2015.
Over 77 percent of fishing boats in the central province of NgheAn are insured with total fees of more than 14 billion VND (667,000USD) collected in the first six months of 2015.

Accordingly,local fishermen paid 2.1 billion VND (100,000 USD), and nearly 12billion VND (572,000 USD) was provided by the State budget.
The number of fishermen receiving insurance reached 9,168, representing64.2 percent. Hoang Mai commune in Quynh Luu district has 90 percent ofits fishermen insured.

The province reports losses worth tens of billions of VND due to fishing boat accidents every year.

NgheAn province has coordinated with Ministry of Finance (MOF) to organisefishing boat insurance programmes in the localities in an attempt tominimise damages when accidents occur.
Since 2014, the province has had 66 fishing boat-related accidents causing 2 billion VND (97,600 USD) in damages.

To date, insurance units have compensated 42 cases with 750 million VND (35,700 USD) disbursed.

Besidesinsurance policies for fishing boats and fishermen, the province hasalso implemented training and supporting programmes to ensure theybenefit from Government Decree 67.

Decree 67/2014/ND-CP,taking effect from August 25 last year, provides basic policies toencourage fishermen to build high-capacity steel ships capable offishing offshore, a practice that could earn fishermen higher incomesand contribute to protecting the country’s territorial waters.-VNA
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