Da Nang city establishes fund for fishermen

On 17th June 2014, People Committee of Da Nang city issued a decision to establish a fund managed by the Department of Finance to support fishermen in the city..

On 17th June 2014, People Committee of Da Nang city issued a decision to establish a fund managed by the Department of Finance to support fishermen in the city.
The fund is responsible for receiving assistance from domestic and foreign organizations and individuals to support local fishermen who encounter difficulties and misfortune caused by natural disasters when fishing legally.
The fund is also used for upgrading fish preservation cellars, buying modern equipments for vessels, and training fishermen. With the fund, local fishermen are supported to build new boats, upgrade existing fishing vessels to greater capacity for offshore fishing. Assistance programs and targets from organizations, individuals and enterprises for fishermen will also be handled by the fund.
Money from the fund must be used transparently and legally under the supervision of the local People’s Committee.
The People’s Committee of the city asked the provincial Department of Finance to publicize the financial status of the fund, including lists, amounts of money and exhibits of contributions to the fund from organizations, individuals and enterprises; complete financial report, balance sheet of the fund in compliance to the state budget law.
Source: seafood.vasep.com.vn