Tuesday, August 22, 2017 - 2:58:41

Legal framework built for aquatic resources reproduction fund

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The Ministry of Agriculture and Rural Development and the Danish International Development Agency held a workshop in Hanoi on April 3 to review the building of a legal framework for the operation of the Fund for Aquatic Resources Reproduction (VIFARR).

The fund was set up in 2007 under the Prime Minister’s Decision 29/2007/QD-TTg but has yet to begin operation pending a legal framework.

A project is now under way since August 2014 to build the legal framework with funding from the Danish Government.

The project, which is to end in June this year, is also expected to assist with the building of a decree on the utilisation and management of financial sources in the field.

Participants evaluated the surveys on fishery activities of organisations and individuals with a view to suggest the levels of financial contributions by stakeholders to the fund. Two surveys have been conducted in Kien Giang and Phu Yen provinces involving tuna fishing, lobster farming and sea fishing.

They also made suggestions on regulations for the fund’s operations.-VNA
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