World Fishing Fleet: Vietnam Grows the Fleet
In keeping with their reputation as a nation that can overcome all obstacles, Vietnam is rebuilding its aging fishing fleet. With a government program of soft loans, designated Decree 67/ND-CP, fishermen are building boats along 28 coastal provinces from the north to the south of Vietnam. Capt. Trinh Van Hung, grew up in a fishing family and, after completing his schooling, he fished briefly with his father. His curiosity took him into business as a trader but the call of the sea was strong. At 25, he returned to the fishing.
Vietnam Arrests Four Former Vinashin Officials
According to a September 5 report from Bloomberg, Vietnamese police arrested four former officials of Vietnam Shipbuilding Industry Group, known as Vinashin, as the government extended its investigation into financial difficulties at the state-owned company. The people arrested on Sept. 3 include two former board members, Tran Quang Vu and Tran Van Liem, and ex-general directors of two of Vinashin’s subsidiaries, Nguyen Van Tuyen and Nguyen Tuan Duong, according to a statement from the Ministry of Public Security. (Source: Bloomberg)
