|Fishermen build a ship at the total investment of VND1.8 billion (US$86,400) in central Binh Dinh Province's Quy Nhon Town. The province is one of the beneficiaries of the Coastal Resources for Sustainable Development project aiming to promote sustainable management of coastal fisheries. — VNA/VNS Photo Viet Y
WASHINGTON DC (VNS)— The World Bank on Friday approved an additional grant of US$6.5 million to Viet Nam for an ongoing project to improve sustainable management of coastal fisheries.
The Coastal Resources for Sustainable Development project (CRSD), with a $100 million grant from the World Bank in May 2012, has four components: strengthening of institutional capacity for sustainable fisheries management; good practices for sustainable aquaculture; sustainable management of near-shore capture fisheries; and project management, monitoring, and evaluation.
It is being implemented in the eight provinces of Ca Mau, Soc Trang, Khanh Hoa, Phu Yen, Binh Dinh, Ha Tinh, Nghe An, and Thanh Hoa.
The additional grant will be used to finance parts of inter-sectoral planning for coastal areas and co-management of near-shore capture fisheries.
It will provide direct support to around 140 poor fishing communities in the provinces in drawing up and implementing co-management plans for coastal fisheries, which will contribute to the objective of improving the sustainable management of coastal fisheries.
The grant comes from the Global Environment Facility, a trust fund managed by the World Bank to help address six critical environmental focal areas: bio-diversity, climate change, international waters, ozone depletion, land degradation, and persistent organic pollutants. —VNS