TO SUPPORT VND 8 BILLIONS FOR FISHING SHIPS
In accordance with the Decree No. 17/2018/ND-CP of the Government on amending and supplementing a number of articles of the Government's Decree No. 67/2014/ND-CP of July 7, 2014, on a number of fisheries development policies.
For fishing ships with a total main engine capacity of between 800 CV and under 1,000 CV, ship owners are entitled to a support accounting for 35% of the ship building cost but not exceeding VND 6.7 billions per ship; for fishing ships with a total main engine capacity of 1,000 CV or higher, ship owners are entitled to a support accounting for 35% of the ship building cost but not exceeding VND 8 billions/ship.
Besides, In case a ship owner is no longer capable of implementing a ship building or upgrading project or has completed the building of a ship but is incapable of conducting fishing activities.
In this case, it is permitted to change the ship owner and the new ship owner will continue enjoying the interest-rate support when receiving the ship and outstanding loan from the former ship owner. Besides, the working capital lending policy is also applicable for owners of offshore fishing ships and offshore fishing logistics service ships.
This Decree takes effect on March 25, 2018.
