State Bank Governor pledges assistance to fishermen

Governor of the State Bank of Vietnam Nguyen Van Binh has pledged that the banking sector will assist fishermen by facilitating their access to credit to build modern boats for offshore fishing, thus ensuring fishermen’s livelihood and contributing to

Governor of the State Bank of Vietnam Nguyen Van Binh has pledged that the banking sector will assist fishermen by facilitating their access to credit to build modern boats for offshore fishing, thus ensuring fishermen’s livelihood and contributing to the marine economy.

 Steel-hulled fishing boat

In opening an event for fishermen in the central coastal province of Quang Ngai on March 7, Governor Nguyen Van Binh, who is also a Politburo member, stressed that the Party and State will try to create the best possible policies and mechanisms to support fishermen’s operation at sea.

He urged related ministries and agencies to continue refining legal regulations on the management, investment in and exploitation of marine resources towards the goal of promoting socio-economic development with safeguarding national security and defence.

According to the Governor, commercial banks have lent nearly 4 trillion VND to fishermen for the building and upgrading of around 400 high-capacity boats under the Government’s Decrees 67 and 89 on support for fisheries.

The banking sector also granted more than 5.3 trillion VND to social security programmes targeting fishermen between 2011-2015.

On the occasion, the SBV Governor presented 735 sets of communication equipment to 28 coastal cities and provinces.

Decree 67, which took effect in August 2014, stipulates policies in investment, credit, insurance, and tax incentives in support of fishermen and ship owners who wish to build new fishing boats, upgrade their existing ones or buy fishing and marine equipment. Its aim is to earn fishermen higher incomes

Meanwhile, Government Decree 89, valid from November 25, 2015, addresses roadblocks in fishermen’s ship building process regulated in Decree 67.