Phu Quoc Policy Bank: Empowering Fishermen to Set Sail

“Heavy nets, full of fish,” is the dream of countless fishermen who make their living from the sea. However, to set sail, besides courage, they also need sturdy fishing rods, durable nets, and above all, a solid financial foundation. Understanding this, Phu Quoc Policy Bank has been implementing many practical support programs, helping fishermen feel secure in venturing out to sea and maintaining their livelihoods.

Phu Quoc Policy Bank supports local fishermen

Capital – The Launchpad for Sea Voyages

Mr. Ba, a seasoned fisherman in Ham Ninh, Phu Quoc, shared: “In the past, if I wanted to borrow capital to build a new boat or buy modern fishing equipment, I had to run around everywhere, facing high interest rates and complicated procedures.” But since the policy bank arrived on the island, things have changed. Preferential loan packages with low interest rates and flexible loan terms have helped Mr. Ba realize his dream of owning a modern offshore fishing vessel.

Not only Mr. Ba, but many other fishermen on the island district have also accessed preferential loans from Phu Quoc Policy Bank. The bank’s well-established human resources policies and dedicated credit officers who understand the needs and aspirations of the fishing community create the most favorable conditions for fishermen to access capital.

Navigating Storms Alongside Fishermen

The vast sea holds many dangers and risks. Understanding this, the policy bank not only provides financial support but also stands by fishermen through difficult times. Boat insurance and occupational accident insurance programs for fishermen are widely implemented, helping them feel secure in venturing out to sea and pursuing their livelihoods.

Phu Quoc Policy Bank assists fishermen

Mrs. Tu, the wife of a young fisherman in An Thoi, Phu Quoc, confided: “Thanks to the policy bank’s insurance program, when my husband had an accident at sea, my family received timely support to overcome the difficulties.” These practical policies act as timely “lifelines,” helping fishermen confidently weather storms and continue their journey to conquer the sea.

Phu Quoc – The Island Where Policy Bank “Sows Confidence”

Mr. Nguyen Van A, an agricultural economist, commented: “The presence of the policy bank in Phu Quoc is like a ‘fresh breeze’ igniting the passion of fishermen for their seafaring livelihoods. Thereby, it significantly contributes to the development of the island’s marine economy and improves the lives of coastal residents.”

It can be said that Phu Quoc Policy Bank is not merely a credit institution, but also a trusted companion, empowering fishermen to venture out to sea, maintain their livelihoods, and contribute to building a prosperous homeland. Flexible policies tailored to the specific characteristics of the industry and locality are applied, bringing practical results.

Frequently Asked Questions:

• What loan packages does Phu Quoc Policy Bank offer to fishermen?
• Are loan procedures at the policy bank complicated?
• Besides financial support, what other policies does the policy bank have to support fishermen?

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