The first fishing ship in the central province of Khanh Hoa built with preferential credit under Government Decree No 67/2014/ND-CP concerning polices on fishery development was launched on June 2 in Nha Trang city.

The ship, owned by fisherman Duong Van Quang in Vinh Nguyen ward, Nha Trang city, is built with a loan of nearly 5 billion VND (over 232,000 USD) from the Nha Trang branch of Vietcombank. It is designed and built by the Institute for Research and Hydraulic Manufacturing

Under Decree 67, Khanh Hoa is given a quota of 160 fishing ships and 15 logistics ships.

Thus far, the province has approved the construction of only 20 ships, including five upgrades, with loans totalling 187 billion VND (8.57 million USD).-VNA