50 million USD credit package for fishing boat building

by VTV408 July 2015 Last updated at 18:31 PM

VTV.vn - A 50 million USD loan fund as counterpart capital will be provided to help local fishermen with an ambitious national fishing-ship building based on the government’s Decree 67.

The information was announced by Bank for Investment and Development of Vietnam BIDV in Hanoi on Wednesday. Decree 67, which took effect back in August 25 last year, provides basic policies to encourage fishermen to build high-capacity metal-hulled trawlers capable of fishing offshore, a practice that could earn fishermen higher incomes and ensure Vietnamese fishing fleets stay at sea for longer. A new credit package worth 50 million USD under this decree will take effect from now until the end of next year. More than 2 thousand new off-shore trawlers and 200 logistics ships are expected to be built under the decree, according to the Ministry of Agriculture and Rural Development.

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