Illustrative photo (Source: VNA)Phu Yen (VNA) - The south central province of Phu Yen planned to spend more than 61billion VND (2.65 million USD) on supporting offshore fishing this year, sixtimes higher than the figure for 2017.
The sum has been channeled into building seven new steel andcomposite ships and supporting the purchase of insurance for the bodies of 1,336vessels with capacity of 90 CV and above.
It has also been used to open training courses on fishingtechniques and seafood preservation for 418 sailors.
Nguyen Tri Phuong, Vice Director of the provincialDepartment of Agriculture and Rural Development, said the fund was created followingthe Government’s Decree 17 issued on February 2 this year. The Decree amendsand supplements Decree 67 dated July 7, 2014 on fishery development policiestargeting fishermen.
Decree 67, which took effect in August 2014, stipulatespolicies in investment, credit, insurance and tax incentives in support offishermen and ship owners, who wish to build new fishing boats, upgrade theirexisting boats and buy fishing and marine equipment, among others.
To date, Phu Yen authorities have approved 290 billion VND (12.63million USD) in loan for eligible ship owners in line with Decree 67. As aresult, fishermen have built and put into use 19 new ships.
Since the beginning of 2018, the province has licensed 80fishing vessels to operate, most of them have the capacity of 160 CV andhigher.
Between now and 2020, the Government will provide Phu Yen with85 billion VND (3.7 million USD) to build an area in Tuy Hoa city for fishingships to dock during storms.-VNA
VNA
