The figure represented a rise of 26 percent year-on-year. Fishermen in the province also earned from VND 120 million (USD 5,282) to VND 1.47 billion (USD 64,710), Phuc added. 

A steel-coated ship. (Photo for illustration)

The province has had 47 contracts to build new steel-coated ships, with 44 already operational. 

Le Hoai Thanh, a local fisherman, said he received a new ship in September 2016. He earned nearly VND 1.5 billion after five fishing trips. 

The ships have helped Binh Dinh fishermen and also contributed to protecting Vietnam’s sea and island sovereignty. 

Fishermen were supported in acquiring steel-coated ships by Government Decree No.67/2014/ND-CP on offshore fishing development. 

The decree, which came into effect in August 2014, stipulates policies on investment, credit, insurance and tax incentives to support fishermen and ship owners who wish to build new fishing boats, upgrade existing boats and buy fishing and marine equipment, among others.

Source: VNA