(vasep.com.vn) Good captains can access to VND 15,000 billion credit package. Many captains will be able to borrow money to build and own steel vessels in stead of hiring.
It is a fact that many captains have good fishing skills and own know-how to succeed in fishing trips, and even are capable for credits. The VND 15,000 billion credit package would bring them an opportunity to have their own steel vessels.
BIDV Quang Ngai currently offers fishermen VND 100 billion for operating costs of fishing trips, logistics for fishing and purchasing seafood. According to the fishermen, this would be much better than borrowing from loan sharks where interest rates can be 15 to 20 percents.
Decree 67 on some fisheries development policies issued by the government come into force from 25th August 2014. Quang Ngai province allocated its credit package to 189 ship operators and logistic services while publicize Decrees on investment policies, credit policies, insurance policies, lending conditions and so on.