Banks support fishermen to go offshore fishing

(VOVworld) – Commercial banks will engage in a program to assist fishermen to go offshore fishing, upgrade ships, and build high capacity ships which contribute to protecting the national sea and islands.

Banks support fishermen to go offshore fishing - ảnh 1
A Chinese ship chases and hits a Vietnamese fishing ship
(photo: vov.vn)

The State Bank of Vietnam Governor, Nguyen Van Binh, said on the sidelines of the National Assembly’s 7th session on Monday that the central Bank and commercial banks will reserve a credit package of 470 million USD to assist fishermen to upgrade their ships and build high capacity ships.
The government will offer 70% for the insurance for the new ships. The central Bank is considering new programs of 0% interest rate for fishermen with certain conditions to ensure credit organizations will see their loans returned.
Mr. Binh said: “The Government has assigned the Ministry of Agriculture and Rural Development to develop a government decree on the aid package. The government has discussed the draft decree and asked the Ministry to boost the drafting process to have a legal framework for implementing the program nationwide. We will disburse money immediately when there is a sound legal basis.”
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