The nation’s marine reserves are expected to expand from five sites to a total of 16 by 2015, according to a plan announced on June 14.

The Department of Fisheries said at a press briefing in Hanoi that the estimated costs will amount to 460 billion VND (roughly 24.38 million USD) over two phases, that include an expansion plan from 2016-2020.

Of this amount, 40 billion VND will come from international bodies and non-Governmental organisations (NGOs). The State and local governments will provide the rest.

The Department also announced plans to build more inland water reserves by 2020, with a budget of 85 billion VND for the construction of 45, including 16 to be built and operated by central government and 29 by provincial authorities.

The department’s Deputy General Director Chu Tien Vinh, said that the plans were evidence of the Government’s efforts to restore and develop the country’s marine resources in a sustainable manner.

The Department used the occasion to announce its list of rare water species which are in danger of extinction.

As a major hard currency earner, fisheries contribute considerably to the national economy. However, a large number of species are in danger for various reasons, mainly widespread exploitation, said Vinh.

Figures show that an estimated 234 water species are now in danger of becoming extinct./.