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Vietnam bolsters tuna fleet

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By SeafoodSource staff
06 September, 2012 - The Ministry of Agriculture and Rural Development has ordered the Directorate of Fisheries to work with three central provinces to speed up its program to modernize their tuna fishing boat fleets and re-organize fishing to improve the value chain.

The Directorate is working on a project to build 30 modern boats for tuna fishermen in Binh Dinh, Phu Yen and Khanh Hoa, the country’s main tuna fishing provinces.

The boats, to cost a total of VND 280 billion (USD 13.33 million), will be built by 2015.

The beneficiaries can choose to get a 16 to 20 percent subsidy for the boat and equipment or an interest-free loan worth 70 to 80 percent of the boat’s cost.

The boats will be made of steel or composite materials and be equipped with modern paraphernalia, including high-power engines, high-quality refrigeration systems and modern communication equipment.

Click here to read the full story from Vietnam News Agency >

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