Ca Mau fishermen receive loans to build or upgrade ships hinh anh 1

Ca Mau rovince has approved 73 applications to build new fishing ships and six others to upgrade low-capacity fishing ships under Decree 67 (Source: VNA)

Ca Mau (VNS/VNA) – The People’s Committee of the southern province of Ca Mau has approved 73 applications to build new offshore-fishing ships and six others to upgrade existing low-capacity fishing ships to serve offshore fishing activities under Decree 67.

Under the decree, which was issued on July 7, 2014, owners of ships with steel or new materials (other than wood) with total main engine capacity of 400CV - 800CV can borrow bank loans that do not exceed 90 percent of the total cost for building the ships.

Tran Van Thoi district has a large number of fishing vessels approved for building or upgrading.

The provincial People’s Committee said commercial banks in the province have provided total loans worth over 352 billion VND (15 million USD) for local fishermen to build 32 new ships. Of that amount, more than 341 billion VND (14.7 million USD) has been disbursed.

Meanwhile, loans worth 4.4 billion VND (189,260 USD) for upgrading two ships have already been disbursed.

The province has also provided insurance support for 1,944 offshore fishing vessels valued at 20 billion VND (860,000 USD), and for logistics vessels catering to fishing ships with total value of 25 billion VND (1.08 million USD).

Nguyen Tien Hai, Chairman of the provincial People’s Committee, has asked the provincial Department of Agriculture and Rural Development, in collaboration with authorised agencies, to review the performance of newly-built fishing ships to ensure their efficiency and safety in offshore fishing.

If the vessels are found to be inefficient and are found idle on riverbanks, the provincial People’s Committee will strictly handle the cases.

The province is also providing information to local fishermen about the guidelines in Government Decree No 17 issued on February 2. The decree amended and supplemented a number of articles in Decree No 67.

The province’s People’s Committee said it would continue to create favourable conditions for fishermen to access loans to build new ships or upgrade low-capacity ships.-VNA