Nha Trang Shipbuilding Company have been busy since the lunar new year, rushing to complete increasing orders for more steel-clad vessels for local fishermen.
Many fishermen have been able to switch from wooden to steel-clad vessels thanks to Government Decree 67 on off-shore fishing development, which took effect in 2014. The decree stipulates policies in investment, credit, insurance and tax incentives in support of fishermen and boat owners who wish to build new fishing boats, upgrade existing boats and buy fishing and marine equipment.
Nha Trang Shipbuilding Company have received orders from various provinces including Danang, Quang Nam, Phu Yen and Ninh Thuan. The company successfully launched one logistics ship and three fishing vessels last year. The new vessels have faster speeds and can operate further from shore.
Le Van Chuong, vice director of Nha Trang Shipbuilding Company said between 10 to 12 vessels would be launched this year. The company was intending to employ up to 100 more workers to fulfil the orders.
According to Deputy Prime Minister Vu Van Ninh, Decree 67 will help modernise Vietnam’s fishing fleet.
Boat owners are eyeing better financial returns from the new vessels, while crew members can enjoy higher salaries.