Directive No. 03/CT-KHĐT of the Minister of Fisheries on implementing the project to invest in offshore fishing vessels with preferential credit capital for the 1997 plan, with an interest rate of 0.81% per month and a loan term of 5 years. The project prioritizes fishermen and state-owned enterprises, applying policies of tax exemption and reduction and insurance support for vessels.
적용 범위
Fishermen, state-owned enterprises, new-style cooperatives, limited liability companies, joint-stock companies.
핵심 사항
- Fishermen/state-owned enterprises → are eligible to borrow preferential capital with an interest rate of 0.81% per month and a loan term of 5 years or more.
- Prioritize investment in offshore fishing vessels with horsepower ranging from 90 to 600 CV.
- Fishermen/enterprises → benefit from preferential policies on resource taxes, revenue, income, initial registration fees, and business licenses (reduced by 50% of the tax rate within a three-year period).
- Total investment capital for one vessel unit: from 1 to 2 billion VND.
- Fishermen/enterprises → must purchase vessel insurance and may implement collateral or credit guarantees to borrow capital.
🌐 이 문서의 사회적 영향
- Positive impact: Support fishermen to invest in distant-water fishing vessels, increase the economic efficiency of marine activities, create jobs.
- Negative impact: Borrowing costs and insurance premiums may impose a burden on enterprises/fishermen.
❓ 자주 묻는 질문
What is the preferential borrowing interest rate?
The preferential borrowing interest rate is 0.81% per month.
What is the minimum loan term?
The minimum loan term is 5 years or more.
What preferential tax policies do fishermen/enterprises enjoy?
Fishermen/enterprises enjoy a 50% reduction in resource taxes, revenue, and income tax rates within a three-year period, a reduction in initial registration fees to 1%, and payment of business license fees at the minimum level.
What is the total investment capital for one unit of an offshore fishing vessel?
The total investment capital for one unit of an offshore fishing vessel ranges from 1 to 2 billion VND, depending on the type of vessel and equipment.
Can fishermen/enterprises implement collateral or credit guarantees to borrow capital?
Yes, fishermen/enterprises can implement collateral or credit guarantees to borrow capital.
전문
DIRECTIVE
OF THE MINISTER OF AQUATIC RESOURCES
REGARDING THE IMPLEMENTATION OF THE PROJECT TO INVEST IN FISHERY BOATS FOR OFFSHORE AREAS WITH FAVORABLE LOANS FOR THE PLAN IN 1997
fish in the open sea using preferential credit capital from the plan for the year 1997
IMPLEMENTING RESOLUTION 03/NQTW dated June 6, 1993 of the Political Bureau on developing marine economy, and Directive 171/TTg dated March 18, 1995 of the Prime Minister regarding tasks to be carried out following the conference on developing marine economy; in recent times, the entire aquatic resources sector has made many efforts to find measures to develop fishing vessels to venture into distant waters, but still faces many difficulties, among which the biggest ones are related to investment capital and lending mechanisms and policies, thus the implementation remains very limited.
On February 22, 1997, Deputy Prime Minister Tran Duc Luong held a meeting with relevant ministries and sectors to hear the Ministry of Aquatic Resources report on the requirements and plan for developing offshore fishing vessels in 1997; Deputy Prime Minister Tran Duc Luong provided concluding opinions on the solution to the source of capital and favorable lending mechanisms and policies for various economic components to develop offshore fishing vessels. The basic spirit is that the State will allocate a preferential credit amount within the 1997 plan to support the investment in offshore fishing vessels with power ranging from 90 to 600 CV at an interest rate of 0.81% per month and a loan term of five years or more, with local government guarantees, and offshore fishing vessels will enjoy preferential policies on resource taxes, revenue, income, initial registration fees, and business licenses.
In the short term, to promptly implement the capital credit plan for purchasing offshore fishing vessels in 1997, the Minister of Aquatic Resources instructs the Directors of Provincial Fisheries Departments, provincial Departments of Agriculture and Rural Development with coastal areas, and state-owned enterprises under the Ministry:
1. To review again the fishing force, select subjects with experience, conditions, and investment needs for offshore fishing vessels, direct and guide the establishment of feasible investment projects for fishing vessels in accordance with Decree 42/CP on investment management and construction. Pay attention to places with suitable channels, docks for vessels of 90 CV or more.
2. Investment targets: Prioritize fishermen's access to preferential loans to develop distant-water exploitation in various forms of economic organizations such as new-style cooperatives, limited liability companies, joint-stock companies, and some state-owned enterprises with development potential.
3. After the investors complete the feasible project plans, the Departments shall organize the examination and evaluation of the feasibility of each project to compile and submit them to the People's Committee of the province (city) for comments and decisions. Project files should be sent to the Ministry of Aquatic Resources along with a letter requesting approval from the provincial People's Committee. The Ministry of Aquatic Resources will not conduct detailed reviews of individual projects but will review a number of projects regionally, by profession, and by vessel type.
4. Simultaneously with the implementation of the project to purchase vessels, the Departments need to have training and instruction plans for captains and technical workers capable of operating offshore fishing vessels.
5. Shipbuilding will be carried out at domestic shipyards based on the choice of investors.
6. Delegate the Director of the Department of Planning and Investment to issue detailed guidance documents, closely assist, monitor the situation to ensure that units and localities understand and implement this policy correctly.
7. Regarding the implementation timeline
Projects must complete their content and procedures and transfer them to the Ministry of Aquatic Resources no later than March 20, 1997.
The Ministry of Aquatic Resources requests the Departments to report to the provincial People's Committees and urgently implement and complete the feasible projects according to the specified time.
GUIDELINES FOR DEVELOPING INVESTMENT PROJECTS
FOR OFFSHORE FISHERY BOATS
(Accompanying Circular No. 03CT/KHĐT dated March 6, 1997 of the Minister of Aquatic Resources)
Implementing Announcement No. 17-TB dated February 27, 1997 of the Government Office on the conclusions of Deputy Prime Minister Tran Duc Luong.
Based on Decree 42/CP of the Government on promulgating the Regulations on Investment Management and Construction.
To urgently implement investment projects for offshore fishing vessels, the Ministry of Aquatic Resources provides guidelines for establishing projects as follows:
Title: Project to Invest in Offshore Fishing Boats Using Preferential Credit Sources.
1. Project Managing Authority: Record the Fisheries Department (or Department of Agriculture and Rural Development).
2. Investor: (various fishing units with legal personality); clearly record the name of the enterprise (Limited Liability Company, cooperative, private business, state-owned fishing enterprise)...
Address: According to the registered transaction address.
3. Investment Content:
Fishing boats equipped comprehensively
+ Type 90CV:... units
+ Type...units
+ Type:...units
+ ...........
4. Investment Capital Amount:...million dong
5. Sources of funding:
Preferential State Loan:...million dong
Other Sources:...million dong.
A. CONTENT OF THE PROJECT:
1. Main bases to determine the necessity of investment: Can briefly record the following points:
Coastal resources are increasingly depleted, and fishing is less effective.
Fishing at promising offshore fishing grounds is encouraged.
Convenient channels and docks for supplying and selling seafood, avoiding storms.
Solving employment issues.
Contributing to protecting offshore waters.
2. Selection of investment form:
Vessel size: Specifically record the horsepower, steel hull, wooden hull.
Main occupation: Determine which occupation is primary to equip fishing gear appropriately for the vessel. For example: trawl nets or purse seine...
Investment form: Primarily choose domestic construction.
3. Production Program and Factors to Be Met.
Fishing Grounds: Need to determine that fishing takes place at depths of 30 meters or more; for central fishing grounds, operations should be 50 nautical miles or more from shore.
Fishing Operation Time.
The time spent fishing at sea depends on many factors, but only take into account the weather conditions of each area to calculate the number of days spent fishing offshore; it can be estimated around 150 nights.
Conditions for berthing, fuel supply, ice, repair, and product consumption.
Product base.
Specify production volume, types of seafood, export ratio, domestic consumption.
4. Regarding location plan:
Due to investment in fishing vessels with 90CV or more, it must be considered under current conditions, investing in areas where vessel entry and exit is convenient according to fishermen's customs.
5. Technology and equipment:
Clearly state the main fishing method as trawling or purse seining, for suitable design, other methods such as dragging or hook-and-line can be combined, types of marine engines, navigation equipment, fish-finding devices...
Fishing operations: Specify distant water fishing, requiring communication equipment between vessels and with the mainland.
Next, a table of investment equipment items should be established according to the model:
|
No. |
Name of equipment |
Unit of Measurement |
Quantity |
Unit price |
Total Amount |
|
1 |
a. Equipment |
|
|
|
|
|
........... |
|
|
|
|
|
|
........... |
|
|
|
|
Unit price: take the market price in the region to include in the investment unit price.
Note: Since the purpose of investment is for distant water fishing, all equipment is calculated as new purchases, not used machinery and equipment. Safety equipment such as boats, life jackets... should also be included.
6. Investment solutions:
The project needs to clearly state how ship construction will proceed after approval of capital, whether organized locally or contracted elsewhere, if wooden ships are built, where the wood source will be balanced from, completion deadline...
7. Production organization (fishing and product consumption):
Clearly state the organizational and management method:
Independent accounting or team accounting of 2-3 vessels, which form of accounting? output-based remuneration or profit-sharing ratio... this is the basis for calculating production costs and deductions.
8. Financial and economic analysis:
a. Capital budget:
Can directly calculate into the capital budget:
+ Hull... million dong.
+ Engine... million dong.
+ Equipment... million dong.
+ Main fishing gear... million dong.
Total capital for one vessel unit (vessel size):... million dong.
b. Revenue:
Using production volume, product structure, and unit price of each type of product already calculated in the "product base" section, we have total revenue from product consumption:... million dong.
c. Total production cost (for one year).
Lubricating oil cost:... million dong.
Fishing gear:..."
Preservation cost:..."
Production tools:..."
Labor cost:..."
Labor protection:..."
Repair cost 4-5%:..."
Depreciation 10-15% value:..."
Insurance fee 1.6%:..."
Inspection fee:..."
Management:..."
Various taxes:..."
Training cost:..."
Other costs:..."
Total:..."
d. Net profit (loss):
Total revenue - total cost = net profit.
c. Payback period:
Calculated using the simple method:
Investment capital: Vo =... million dong.
Depreciation: K...10% (may vary depending on the investor, to have an appropriate depreciation rate).Net profit: P=... million dong.
Payback period: T
Vo
T = =... years
P + K
B. CONCLUSIONS AND RECOMMENDATIONS:
State the following points:
The project is economically viable, capable of repaying debt on schedule.
Project completion time (number of months or years). May extend the completion time to 1998, depending on specific shipbuilding contracts.
...............
C. MECHANISMS AND POLICIES FOR APPLICATION
IN CALCULATION:
1. Loan mechanism:
+ Interest rate 0.81%/month.
+ Loan term: 5 years.
2. Tax reduction policy: temporarily reduce 50% of tax rates for resource, income, and profit taxes over a three-year period.
+ Reduce registration tax to 1%.
+ Pay business license tax at the minimum level.
3. Must purchase ship insurance.
4. Allowed to mortgage ships for loans, or collateral may be accepted.
The above are the main contents guiding references and application when preparing projects.
When directing and guiding investors to prepare feasible projects for financing shipbuilding for distant water fishing, Fisheries Departments and enterprises need to consider adjusting projects to align with the guiding parameters. The Ministry will send officials to some key fishing areas to review and calculate feasible projects together with local authorities.
Request departments to urgently direct investors to quickly complete and transfer to the Ministry of Fisheries within the specified timeframe.
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