Illustrative photo (Source:VNA) Quang Tri (VNA) – Authorities in the central coastal province of Quang Tri on March 4 launched the first steel-hulled fishing boat built in the province under the Government’s Decree 67 at Cua Viet port.
The ship, with a capacity of 900 CV, was completed after seven months at a cost of 14.5 billion VND (630,000 USD). Of which, over 13.7 billion VND (595,000 USD) came from preferential loans from the Bank for Investment and Development of Vietnam (BIDV) in accordance with the Decree.
So far, Quang Tri has implemented the building of 15 out of 32 fishing vessels which are under the Decree 67. Two 700 CV wooden fishing boats have been put into operation.
Quang Tri is has a fleet of 2,300 fishing vessels, but only 193 of them can operate offshore.
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
