VIETNAM: fuel subsidies not enough

"Central region fishermen forced to sell boats due to falling prices "

This is the title of an article published on 8 July 2009 in the website of Vietnam News Agency.

According to the article:

¨[...] the financial assistance has not been enough to compensate for the soaring diesel price. It now costs fishermen over VND100 million ($5,620) for a single fishing trip, and fisherman go on about four trips per year, according to Anh. The Government’s diesel assistance per year for one boat is only VND30 million ($1,690)."

Here is the link to the article:

http://vietnamnews.vnagency.com.vn/showarticle.php?num=02ECO080709

VIETNAM: subidised loans for the fisheries industry

The Vietnam News Agency reported recently that the State Bank of Viet Nam has included fisheries as an one of the nine industry sectors eligible for the 4 per cent subsidised interest rate for middle-to-long-term dong loans as part of the Government’s second stimulus package yesterday.

The subsidy, which applied from last Sunday, will enjoy a maximum duration of two years from disbursement of loans approved immediately before and after April 1, 2009.

The subsidised interest is be available from April 1, 2009 to December 31, 2011.
Eligible organisations and individuals must use the money to invest in production and infrastructure development.

Here is the link to the press release:

http://vietnamnews.vnagency.com.vn/showarticle.php?num=06BUS090409

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:

http://vietnamnews.vnagency.com.vn/showarticle.php?num=03AGR200908

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