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Saturday,  Aug 19,2017,18:11 (GMT+7)

Banks disburse VND9 trillion for fishing boat building program

Thuy Dung
Wednesday,  Aug 2,2017,22:47 (GMT+7)
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Banks disburse VND9 trillion for fishing boat building program

Thuy Dung

HANOI – Commercial banks have disbursed VND9 trillion (US$400 million) to build 761 new offshore fishing boats and upgrade 40 deteriorating ones under a program launched three years ago by the Government.

However, the program’s success has been discounted by recent irregularities over the building of steel vessels in central provinces, heard a conference held by the Ministry of Agriculture and Rural Development in Hanoi on August 1.

At the conference to review the implementation of the Government’s Decree 67/2014/ND-CP dated July 7, 2014, representatives of coastal provinces said 761 fishing boats had been put into use under the program, including 301 steel, 53 composite and 407 wooden ships.

Banks have signed credit deals to lend more than VND9.9 trillion to build and upgrade fishing boats, and have disbursed over VND9 trillion. The outstanding loans for fishermen as of now total some VND8.8 trillion, up 15.2% versus the end of last year.

Vu Van Tam, Deputy Minister of Agriculture and Rural Development and director of the Vietnam Directorate of Fisheries, said the program has made significant contributions to the socio-economic development, helping fishermen boost offshore fishing activity. However, many shortcomings have been found.

Several steel fishing boats built for fishermen in Binh Dinh, Quang Nam, Thanh Hoa and Ninh Thuan provinces have deteriorated quickly, causing heavy losses for these fishermen and badly affecting the country’s policy.

Specifically, 40 steel fishing boats built under Decree 67 have seen their hulls, decks and cabins rusted quickly, while engines and equipment fitted in such vessels are of poor quality. These include 19 boats in Binh Dinh Province, two in Phu Yen, 18 in Thanh Hoa and one in Quang Nam.

Deputy Prime Minister Trinh Dinh Dung told the conference that the quick deterioration of steel boats in Binh Dinh and some south-central provinces is the most serious shortcoming in the implementation of the decree.

Dung pointed out some reasons such as poor management of fishing boat quality and loose inspections in all stages of the boat building process.

He required boat builders to take the responsibility for repairing such boats. Strict sanctions should be also imposed on violations of individuals and organizations in building and upgrading fishing boats.

He also assigned the Government Office to garner opinions from relevant ministries, agencies and local authorities on a draft decree amending and supplementing Decree 67 as proposed by the Ministry of Agriculture and Rural Development. The amended decree is expected to be issued in the last quarter of this year.

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