New boat design increases competitiveness of fishermen

by VTV422 February 2016 Last updated at 07:43 AM

(Photo illustrated: Viettimes)
(Photo illustrated: Viettimes)

VTV.vn - After many years of losses, the Vietnam Shipbuilding Industry Corporation (Vinashin) has turned 45 million USD in profits.

The company has shifted from building large scale ships to smaller ones with higher quality and capacity. This direction has helped the company overcome difficulties, and made it possible for fishermen to access more affordable products. More to follow.

The government approved the policy to replace 3.000 wooden fishing boats with steel-hulled vessels. The total budget of the project is 447 million USD. In order to prevent waste and create more efficiency, local shipbuilding companies will hear the fishermen's opinions on the boat design.

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