Decree 67 makes significant contributions to develop fishery sector: Deputy PM

Tuesday, 2017-08-01 16:59:32
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Deputy PM Trinh Dinh Dung speaking at the conference (Photo: VGP)
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NDO - The declaration of the Government’s Decree 67/2014/ND-CP dated July 7, 2014 has not only met fishermen’s aspiration, but has also provided a sound guideline to develop the country’s marine economy and modernise the fishery sector.

The remark was made by Deputy Prime Minister Trinh Dinh Dung at a conference held in Hanoi on August 1 by the Ministry of Agriculture and Rural Development (MARD) to review the Decree 67, which offers a number of preferential policies to facilitate fisheries.

Under the Decree, ship-owners who are building steel or new-material ships with a total main engine capacity between 400CV and 800CV can now borrow from commercial banks a certain sum of money which does not exceed 90% of the total costs.

The preferential interest rate is 7% per year, of which ship-owners are required to pay only 2% per year and the State budget would subsidise the remaining 5%.

Deputy PM Dung stressed that the decree has allowed fishermen to make further investments on improving the their vessels and applying advanced technology in fishing and preserving products, thus increasing their productivity.

The Government official also added that over the past three years, the document has contributed to the restructuring of the fishing industry, conserving fisheries resources, and improving the livelihood of fishermen in coastal region..

However, he also pointed out shortcomings revealed in the decree’s content as well as in the implementation of the document as some newly-built steel ships have reportedly been found not meeting the requirements for offshore fishing.

He asked the MARD, relevant ministries and sectors to review the content of the decree in order to make suggestions on amending the document, making it come into being more effectively.

He requested banks to remove any obstacles facing fishermen in accessing loans. He also called for stronger inspection of the ship-building process and the registration of newly-built fishing vessels, stressing that the register must take responsibility on faulty fishing boats.

He ordered MARD and relevant ministries to closely work with ship-owners to fix problems regarding steel ships which were built at low quality while strictly punishing individuals and organisations which have committed violations in the shipbuilding process.

According to MARD Deputy Minister Vu Van Tam, 27 coastal cities and provinces across the country have approved the list of 1,948 ship-owners who are eligible for loan requests to build or upgrade their vessels.

By the end of July, 761 newly-built fishing vessels have been put into operation, including 301 steel-hulled, 407 wooden-clad, and 53 composite-hulled vessels.

As of July 15, a total of 1,005 ship-owners have signed credit contracts with commercial banks for loans equalling up to VND 9.93 trillion (US$436. million), VND 8.83 trillion (US$388 million) of which has all been disbursed at this time.