Vietnam: Investment policies on fishery development according to Decree No. 17/2018/ND-CP

Specifically, according to Clause 2 Article 1 of Decree No. 17/2018/ND-CP of Vietnam’s Government, which amends Article 3 of Decree No. 67/2014/ND-CP, investment policies on fishery development are specified as follows:

- The central budget shall cover 100% of expenditures for construction of key elements of Class I fishing ports, regional asylum harbors (including wharves, embankments, breakwaters, sand control dykes, dredging of entrance channels to ports, and anchoring waters; boat moorings; wastewater treatment systems; aquatic product classification areas; administration houses; internal yards and lanes; lighting systems; signal buoy, sign and signal lamp systems; specialized information and communication systems) and construction of 05 large-scale fishery centers (main fishing ports).

- The Central Budget shall provide 100% of investment capital to implement the construction projects (including site clearance, major infrastructural structures and other construction items) for islands such as fishing ports (Class I and II), asylum harbors, anchorages and moorings on these islands.

- The central budget shall cover 100% of funding for investment projects of regulatory ministries or central-level authorities for construction of key infrastructure facilities of dedicated aquaculture sites and breeding production areas, consisting of:

+ Water supply and drainage systems (pond, ditch, sewer, canal, water supply and discharge pipeline and pumping station), dykes, embankments, traffic roads, electrical grids, concentrated sewage treatment facilities;

+ Renovation to the infrastructural facilities for national and regional Breeding Centers for Aquaculture; centrally-governed and regional Centers for Environment Monitoring in Aquaculture; and centrally-governed and regional Aquaculture Surveying, Testing and Accreditation Centers.

- The Central Budget shall allocate 100% of investment capital for the infrastructural development of the concentrated areas for marine aquaculture, including marking buoy, signal lights and fish farming cages.

- An amount of compensation paid for site clearance for the investment projects of fish farm development that has been specified at Clause 1, 3, 4 and 5 of Decree No. 67/2014/ND-CP shall be paid by the local budget, including the centrally-governed projects developed in local areas.

View more details at: Decree No. 17/2018/ND-CP of Vietnam’s Government takes effect from March 25, 2018.

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