Many fishing boats in Vietnam are staying ahosre due to high petroleum prices
MARD reported that petroleum prices have kept rising since December last year, which left up to 55 percent of fishing boats in Vietnam staying ashore. This has affected the seafood supply for the domestic and export markets.
The country has 91,716 fishing vessels that consume an average of about 330 million litres of fuel per month. Diesel 0.05S, the main fuel for fishing vessels, has surged in price by 65 percent compared to late December last year.
This means that fuel costs for fishing activities have increased by roughly VND3.77 (USD162.5 million) trillion each month. Fuel costs usually account for 45-60 percent of input costs for fishing vessels, which means an overall increase in operational costs of 35-48 percent.
MARD has recommended assistance for fishermen during the period from December 25, 2021, to June 20 this year. This will also help ensure that Vietnamese vessels are actively seen in territorial waters.
The support level is based on the government’s regional minimum wage level currently paid to employees.
