Soc Trang launches wood-hulled fishing boats built under Decree 67 (Source :thst.vn)
Soc Trang (VNA) – Fishermen in the Mekong Delta province of Soc Trang have launched the first four offshore wood-hulled fishing boats built under the Government’s Decree 67.
The ships have engine capacities from 650 Hp. They were built at a cost of up to 9 billion VND (405,000 USD) each, of which over 6 billion VND (270,000 USD) came from loans from the Vietnam Bank for Agriculture and Rural Development (Agribank).
The province has been implementing the building of 25 new offshore fishing vessels under Decree 67.
The province has over 100 offshore fishing vessels with over 1,000 fishermen.
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 ensure fishermen can earn higher incomes.-VNA
