The new vessels are built under the Government Decree No 67/2014/ND-CP(Source :nuithanh.quangnam.gov.vn)

Quang Nam (VNA) – Fishermen in Tam Giang fishing port, Nui Thanh district in the central province of Quang Nam presented 14 new high capacity offshore vessels on February 25.

The new vessels are built under the Government Decree No 67/2014/ND-CP on offshore fishing development policies

In accordance with the decree, the district was instructed to construct 50 new vessels with advanced equipment. After one year, 49 local ship owners were granted ship-building licences.

At present, Quang Nam has 22 high capacity fishing vessels, of which 14 are wooden boats and eight steel-hulled. The remainder of the 50 ships will be built with funding from credit loans worth a total of nearly 200 billion VND ( 9.1 million USD).

Decree 67, which took effect in August 2014, stipulates policies in investment, credit, insurance, and tax incentives in support of fishermen and ship owners who wish to build new fishing boats, upgrade their existing ones or buy fishing and marine equipment. Its aim is to earn fishermen higher incomes.-VNA