HCM CITY (Biz Hub) — The Central province of Phu Yen has said it will provide subsidies of VND9.5 billion ($452,400) for construction and refurbishment of offshore fishing boats, fuel, and insurance.
Most of them seiners and tuna fishing boats and all of them with engines of at least 90hp, they will each receive over VND18 million ($855) for fuel besides assistance to take out hull insurance and accident insurance for crew.
According to the Phu Yen People's Committee, 91 out of the 120 fishing vessels to benefit under the programme are equipped with satellite devices integrated with GPS.
These help the crew to remain in constant touch with shore. It also helps authorities to keep track of them and their fishing areas and inform fishermen about fish shoals.
The province has provided fishermen subsidies worth over VND108 billion since 2011. – VNS