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Fishermen benefit from co-operatives

Update: November, 28/2015 - 09:46
The development of seafood co-operatives in northern Ninh Binh Province has helped local offshore fishermen access preferential State loans, duties and insurance policies. — Photo thuysanvietnam.com.vn
NINH BINH  (VNS) — The development of seafood co-operatives in northern Ninh Binh Province has helped local offshore fishermen access preferential State loans, duties and insurance policies.

Doan Kim Ly, deputy chairman of Kim Son district People's Committee, in the province, said the establishment of seafood co-operatives was suitable with the increase of deep-sea fishing industry.

Co-operatives created more jobs for fishermen and supported long-tern deep-sea seafood exploitation, he said, so that both the quantity and quality of seafood was improved.

He used newly-established Kim Chinh Seafood Co-operative in Kim Son District as a good example.

It gathered 29 fishing households in two coastal communes of the northern province of Ninh Binh.

The co-operative has registered total VND100 billion (US$4.5 million) charter capital, of which minimum contribution from a member household is VND300 million and maximum is VND20 billion.

Being set up officially on November 21, the co-operative now owns four high-capacity fishing vessels (150-450 horse power) and a 90-horse power boat, at a cost of VND1.5 billion.

Authorities in Quang Ngai central coastal province have built a 2015-2020 scheme for development of offshore seafood processing co-operatives.

According to the scheme, the provincial government will pay for the co-operatives rent and the interest from their loan.

Quang Ngai will set up three more seafood co-operatives and assist 11 present co-operatives in their trading.

Each co-operative has minimum of 20 member households and 20 fishing vessels.

All of the deep-sea fishing households volunteered to join the co-operatives.

Sao Do, the first seafood services co-operative in Da Nang City was set up on June.

It has seven members with charter capital of VND11 billion.

Bui Ngoc Duong, a co-operative member said offshore fishermen had been concerned about outlets for their products, food and fuel sources for a long time, but the co-operative helped them solve many problems. — VNS

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