Banks being a companion with fishermen to cling to sea

Source: Pano feed

BIDV-Phu Yen branch has just organized a group of more than 20 fishermen, enterprises to survey the model of steel cover ships in Khanh Hoa province. Exchanging with Phu Yen newspaper, Mr. Le Minh Phuong, vice director of Mr. Le Minh Phuong, vice director of BIDV Phu Yen, lets known:


Surveying the model of steel cover ships in Nha Trang city (Khanh Hoa province)

Surveying the model of steel cover ships in Nha Trang city (Khanh Hoa province)




-Recently, the Government has the advocacy of implementing some policies to develop aqua-culture sector, with priorities given to fishermen to make loans for building steel-cover ships in order to increase the efficiency of offshore catching, simultaneously contributing to protecting the Nation’s soverienty. Implementing this advocacy, BIDV has pioneered in constructing the program of supplying credit to support fishermen exploit offshore seafood. On June 27th, under the direction of the Central Government, BIDV Phu Yen has invited fishermen, enterprises operating in the aqua-culture sector to go to Nha Trang ship-building factory to have a survey (this factory belongs to Vietnam general ship Company) and NhaTrangUniversity.


* During the trip, you did mention the credit program 3,000 billion dongs supported by BIDV to support the offshore exploiting sector. Can you let us know about the details of the program?


- To support the newly constructing ships and upgrading the current ships, the Government is considering the draft Decree on some policies to develop the aqua-culture sector. Accordingly, it’s estimated that commercial banks supply credit to the enterprises to newly build, reinforce the steel cover ships, cover with new materials for any ships with capacity from 380CV with the total loans from 90% to 95% of the investment value of the steel cover ships and from 70% to 85% of the value for wood cover ships, reinforcing the current wood cover ships. The estimated annual interest is 5%, among which enterprises and fishermen have to pay only from 1% to 2% of the annual interest rate; the state budget compensates the remaining of 3% to 4% of annual interest rate. The time for loan making is 11 years, with the first year being 0% for interest rate, not paying principle. The ships’ owners can use the value of newly build ships, or the reinforced ships to act as the property insuring for loan-making. Besides, the ship owner’s can make mobile loans with the maximum value of 70% of the expense for one voyage for offshore exploiting ships and the value of supplying logistics service for the logistics service ships…


*BIDV has been assigned by the Government to join hands with the general bureau of investment and development to implement the loan-giving program under the Decision numbered 393/QD-TTg dated June 9th, 1997 but there have been lots of difficulties during the process of getting back capital. This time, what is BIDV going to do to efficiently implement the credit program of 3,000 billion dongs? - Withdrawing the experience from the loan giving program for offshore exploiting under the Decision numbered 393/QD-TTg, this time, the Government directs the banks, ministries, localities, aqua-culture association to coordinate for supporting and closely supervising enterprises, fishermen in newly building ships, renovating, operating ships and debt paying. With the drastic, close and timely direction of the central government and localities, the close-coordination of sectors, I do believe this time’s program of developing aqua-culture sector is surely successful. Source: Phu Yen NewspaperTranslated by HAI LOAN




Đăng ký: VietNam News

Related Posts