The PRIME MINISTER'S DECISION NO. 159/1998-QD-TTG on 04 September 1998 AMENDING SOME ARTICLES of the REGULATIONS and to USE for CLOSING PROJECTS, NEW SHIPS and a FIXED SERVICE SHIPS OFF-SHORE FISHERY ATTACHED to DECISION NO. 389/TTG DATED 9/6/1997 of PRIME PRIME base Law on organization of the Government on September 30, 1992;
According to the recommendation of the Minister of fisheries, decision: article 1. Amendments and supplements to some articles of the regulations and to use for closing projects, new ships and a fixed service ships off-shore fishery attached to decision No. 389/TTg dated 9 June 1997 from the Prime Minister's as follows : 1. Article 2 is modified as follows: "-article 2: off-shore fishing regulation is temporary fishing in the sea is limited from the deep curves of 30 metres out, with respect to the waters of the Gulf of Tonkin in the South, East and West, the Gulf of Thailand and 50 metres deep curves back out, for the waters of the region.
Off-shore fishing vessels as ships have main machine capacity from 90 CV; There are locally registered place of residence or have licensed off-shore fishing by the Agency protect the fisheries resources ".
2. Article 3 is amended as follows: "article 3: shipbuilding projects off-shore fishing using a portion of capital investment credit plan state incentives on some of the following points: 1. Establish a viable project browser and not via feasibility studies.
2. Not required in the bidding of the project.
3. The interest rate for the loan is that the interest rates of credit capital incentives under the investment plan to the State Government by the Prime Minister.
4. The owner (project owner) investment credit loans according to the plan the State Mortgage and not be retrieved the property formed by the loan to make sure the loan debt. In time yet to pay off debt, the investor may not assign, mortgage or purchase for the property in credit loans for investment under the State plan.
5. the maximum loan term not exceeding 7 years, interest is calculated from the date the loan debt incurred; the time to start paying interest rates is after 1 month from the date of putting into production of ships official and original repayment period is after 12 months from the date officially ship the production.
6. The State enterprises suffering losses from the previous year, but have yet to be dealt, but if there are effective business plans and are The owner, the provincial people's Committee, the central cities of approval scheme and the guarantee was for the loan. The fishermen have troubled loans due to the unforeseen causes yet charged are the former debt, are the people's committees, the Manager of city centrally confirm held lenders relax old debt and consider new loans to shipbuilding if eligible for loans under the rules ".
3. Article 4 is amended as follows: "-article 4: The independent review of planned allocations and loans for shipbuilding projects off-shore fishing: 1. Pursuant to the instructions of the Ministry of fisheries, the object (project owner) get the loan stipulated in this regulation established the shipbuilding projects off-shore fishing the province people's Committee , the city approved centrally (for local project management) or the Ministry approval (for projects in The management).
2. On the basis of the proposal of the local and the Ministry of the shipbuilding projects off-shore fishing, Fisheries Ministry General sent the Ministry of planning and investment balance and the Prime Minister about the capital investment credit plan to close off-shore fishing boats every year.
3. Based on the approved plan, the Ministry of planning and investment Affairs total loans for people's committees of provinces and cities under central authority, and the Ministry has projects.
4. the people's committees of provinces and cities under central and are responsible for project approval of the project and the extent of the level of capital investment by the Ministry of planning and allocation, the allocation of loans for each specific project, Subscribe to the lending institution, and General report allocation of loan plans with the Ministry of planning and investment and the Ministry of Marine products ".
4. Article 5 is amended as follows: "-article 5: investment capital for the project to close off-shore fishing vessels be mobilized from various sources, including a section by credit capital investment annual State plan. The interest rate disparity compensation for lending institutions in shipbuilding projects off-shore fishing for capital source implementation by decision of the Prime Minister.
To enhance the effectiveness of the project and the responsibility of the owner, when the loan, the investor must ensure a minimum of capital letters is 15% of the total investment capital for the project. The lending organization based on the signed credit contracts and the contracts about shipbuilding, purchase of equipment, machines, aerial grid tools to advance funds for the investor. Capital advance level not exceeding 25% of the total cost of the investment project and was transferred to the shipbuilding unit, sell the air ... as suggested by the owner ".
5. Article 12 is amended as follows: "article 12: people's committees of provinces and cities under central and the Ministry project close off-shore fishing vessels have the duty to: 1. Identify who has the ability to manage and the fishing practice stands out as investments, directing project owner , established the Council of project appraisal and credit capital investment for each project.

Project appraisal Council by the Chairman of the provincial people's Committee, the central cities as the President of the Council (for the local project management) and by the Chairman of the Council of Ministers (for project management). Members of the Council by the President of the Council to choose and decide, in which representatives of the lending Organization (General Directorate of investment and development, Bank for investment and development) is a compulsory member.
Project appraisal Council has the task of evaluating the projects off-shore fishing vessels according to the content specified in the project feasible before the Chairman of the provincial people's Committee or the Minister to review the decision approving the project.
When joining the project appraisal Council, lending institutions should examine the possibility of divestment, the repayment period of the project to have recommendations to the Chairman of the provincial people's Committee or the Minister to approve or not to approve the project and assessment organizations when no project was the Chairman of the provincial people's Committee or to the Secretary for approval.
Based on the results of project evaluation and recommendations of the Council, Chairman of the provincial people's Committee, the city in Central or the Minister to review the decision approving the project and responsible for the effectiveness of the project.
2. Monitor, test, urging the home project on the implementation of the project, organization of production and pay the debt, reported the Prime Minister about the case of risk of the project because of unforeseen cause to propose measures to handle.
3. The Chairman of the provincial Committee has directed the forest logging to close off-shore fishing vessels according to plan be delivered ".
Article 2. This decision has effect from the date of signing. Minister of fisheries along the Secretary of the Ministry of planning and investment, finance, State Bank Governor Guide, examine the implementation of this decision.
Article 3. The Secretary of the Ministry: fisheries, planning and investment, finance, transportation, agriculture and rural development, the Governor of the State Bank of Vietnam, the heads of the ministries concerned and the Chairman of the people's committees of provinces and cities under central authority responsible for the implementation of this decision.