The Ministry of Agriculture and Rural Development on May 11 said that China’s suspension of fishing in waters within Vietnam’s sovereignty in the East Sea carries no weight whatsoever.

The number of non-performing loans had been on the rise among recipients under a Government directive (Decision 67/2014/ND-CP) to support Vietnamese fishermen to build or upgrade their fishing vessels.

 VietNamNet Bridge – The Government will help the deep-sea fishing industry build a high-capacity fleet of fishing boats, deputy Prime Minister Vu Van Ninh said at talks on a draft decree on aquatic production on Friday.

 VietNamNet Bridge – The governor of the State Bank of Vietnam (SBV) Nguyen Van Binh said that the SBV and Vietnamese commercial banks will disburse a total VND10 trillion (USD476 million) in support of local fishermen.

 VietNamNet Bridge – Strong winds and heavy seas had isolated Ly Son Island for the past 10 days, 30km off the coast of the central province of Quang Ngai.

Central localities have taken urgent measures to prepare for storm Krosa, which was forecast to weaken into a tropical low-pressure system before making landfall in localities from Da Nang City to Quang Ngai Province early Tuesday morning.

 VietNamNet Bridge – A Chinese ship attacked two fishing boats from Ly Son island district, Quang Ngai province in the waters of Hoang Sa of Vietnam, causing losses of about $30,000.

 VietNamNet Bridge – Tropical Storm Sonamu, the first of its kind in this year, would drop in intensity and become a tropical low pressure in the next two days, according to the National Centre for Hydro-Meteorological Forecast.