Da Nang spends over 20 bln VND for offshore fishing vessels

Illustrative image (Photo: VNA)

Da Nang (VNA) - Authorities of the central city of Da Nang has spent over 20.7 billion VND (900,000 USD) to support 824 fishing vessels since 2019 in accordance with the Resolution No. 255/2019/NQ-HĐND dated July 11, 2019 by the municipal People’s Council, reported the municipal Fisheries Sub-Department.

Under the resolution, owners of fishing vessels in the city will receive financial assistance to buy insurance for bodies of fishing vessels, journey monitoring devices, and fishing and preservation equipment between 2019 and 2025, apart from other State support.

As of October 1, the municipal authorities approved six aid packages worth nearly 2.7 billion VND for 265 vessels.

About equipment used in fishing and preservation of aquatic products, the city will fund half of expenditure, no more than 500 million VND per vessel.

To prevent and mitigate illegal, unreported and undocumented fishing (IUU), expenses for purchase of journey monitoring devices and first-year subscription for all offshore fishing vessels will be wholly funded by the municipal authorities.

So far, a total of 565 fishing vessels with a length of over 15m in the city have been equipped with journey monitoring devices. Over 17.8 billion VND have been approved for 557 devices while eight others are waiting for payment.

According to the sub-department, no IUU activity has been discovered since the installation of such devices in early 2021./.