Government allows establishment of fund for Vietnam’s sea and islands

Friday, 19/10/2018 16:37
The Prime Minister has signed Decision 1365/QD-TTg on the organization and operation of the fund for Vietnam’s sea and islands.

Photo: VGP
The fund aims to encourage people across the country and overseas Vietnamese to look towards Vietnam’s sea and islands in general, and particularly to Spratly islands and DK1 frame-house; increase the awareness of agencies, localities and people on the role of sea and islands for national construction and protection; bring forward the resolution on the sustainable development of Vietnam’s sea economy until 2030 with a vision until 2045, satisfying the demand for increased social involvement in protecting the sovereignty of sea and islands and continental shelf.

Additionally, the fund is established to mobilize financial assistance to gradually increase the material and spiritual lives of the soldiers and people on the islands.

A leader from the Ministry of National Defense will be assumed as Head of the steering committee for the fund./.

Compiled by BTA