The number of non-performing loans had been on the rise among recipients under a Government directive (Decision 67/2014/NĐ-CP) to support Vietnamese fishermen to build or upgrade their fishing vessels.
The spotlight will be on business to business (B2B) collaboration opportunities in the agriculture-forestry and fisheries sector when the sector’s biggest exhibition opens in Ha Noi next week.
After being unable to sell their catches for many days due to the mass
fish deaths, fishermen in the central provinces of Ha Tinh and Quang
Binh have been thrown a lifeline by businesses coming forward to buy
from them.
The Deputy Minister of Agriculture and Rural Development Tran Thanh Nam
has urged the speedier disbursement of bank loans to thousands of
fishermen in need of modern boats and cutting-edge technology.
Fishermen can get subsidised loans at 1-3 per cent interest for buying
boats under a Government credit programme for which State Bank of Viet
Nam has issued a draft circular.
The southern province of Bac Lieu earned more than US$209 million from
its export of aquatic products in the first half of the year, up 64 per
cent year-on-year, and representing about 59 per cent of the year''s
goals.
The State Bank of Viet Nam''s Governor Nguyen Van
Binh spoke to the press on the sidelines of the National Assembly
meeting about the Government''s plan to provide finances to fishermen.
The following is an excerpt of the interview:
The State Bank of Viet Nam and commercial banks will reserve loans totalling VND10 trillion, or US$476.20 million, to assist fishermen facing difficulties due to the ongoing East Sea tensions.
The Sao Nam Trading Manufacturing and Service JSC late last week signed a co-operation agreement with Nguoi Lao Dong (the Labourer) newspaper to carry out a programme to support fishermen, marine police and surveillance forces.
The Bank for Investment and Development of Vietnam (BIDV) plans to
release a credit package with attractive interest rates to help
fishermen build iron vessels for offshore fishing.