12/09/2008

VIETNAM: Overfished Vietnam Subsidizes More Fishing Boats

I have taken over the above title from an article from the "Voice of America" website. According to this article there are 100.000 fishing boats in Vietnam.

In May 2008 Deputy Agriculture Minister Nguyen Van Thang told Vietnamese fishermen that the government will lend them a hand. Thang says any fisherman who buys a new boat with an engine of 90 horsepower or more will get a subsidy of about $3,500 a year.

Here is the link to the article:

http://www.voanews.com/english/archive/2008-05/2008-05-08-voa15.cfm?CFID=33783126&CFTOKEN=46725218

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