Vietnam: Subsidies for fishermen hit by falling seafood price

Hereunder is a quote from an article published on 20 September 2008 in the website of the Vietnam News Agency :

"In Kien Giang Province, some 1,172 fishing boat owners in Rach Gia town have received a total fuel subsidy of VND14.6 billion ($881,642).
Several localities in the province have only just recently filled out the necessary forms to receive the subsidy.

About 1,400 out of 3,400 fishing vessel owners in Ca Mau Province have received subsidies, totalling VND21 billion ($1.27 million).

Ca Mau Province’s Aquaculture Department said it had been working with local authorities to provide subsidies to all fishermen in the province by the end of the year.

Financial support for each fishing trip ranges from VND4 million to VND10 million, depending on the size of fishing boat’s engine.

Each vessel owner can receive a maximum of five payments a year.

To be eligible for the subsidy, fishermen must be permanent legal residents of Viet Nam, own and register their boats, buy insurance for crew members, and possess a fishing licence."

Hereunder is the link to the article:


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