Fisherman auctions vessel to pay debts under Decree 67

by VTV426 October 2019 Last updated at 12:32 PM

VTV.vn - A household in Ninh Thuan Province had to auction their fishing boat to cover their debts.

The vessel was previously built using borrowed funds under Decree 67 of the government. Auctioning Decree 67 vessels is a temporary solution as well as a result unhoped for when the decree was implemented, as both lender and borrower are currently facing difficulties. The need to ensure efficient operation for these Decree 67 boats is urgent, otherwise more boats will be reclaimed and auctioned.

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