September 23, 2003

Development Policy For Vietnam's Aquaculture Industry

Vietnam's Fisheries Ministry has suggested the government proposed an aquaculture development policy for the sea and islands.

Under the policy, sea surface for aquaculture development will be allocated or leased for less than 20 years. Households, individuals, domestic enterprises and joint ventures with foreigners will be eligible to lease sea surface. Those involved in aquaculture will be exempted from income tax for the first three years of operation.