The target was set at the fund’s second congress for the 2016-2021 term on November 16.
To realise the target, the fund will mobilise support from enterprises, particularly traditional sponsors, while seeking new and long-term sponsors.
In the new term, the fund targets providing aid of over VND18 billion (US$810,000) to offshore fishing vessels affected by natural disasters or accidents, and earmarked nearly VND38 billion (US$1.71 million) to help fishermen build new vessels.
From 2011-2016, the Fund spent VND15 billion (US$675,000) to build steel fishing vessels, assisted hundreds of fishermen detained overseas and built houses for families of Agent Orange/Dioxin victims.
Addressing the event, Vice Chairman of the provincial People’s Committee Dang Van Minh praised the contribution the fund has made over the past five years.
The fund should promote communication work to raise the awareness of the significance of the fund among the community, while allocating the fund effectively, he said.
The Quang Ngai Fishermen Support Fund was established in June 2011. It has raised over VND88.6 billion (nearly US$4 million) to date.VNA