HCM City, Dec. 18 -- Ho Chi Minh City will allocate more than 67 billion VND (approximately 2.54 million USD) during the 2026-2030 period to support the transition of capture fisheries livelihoods and ensure social security for fishermen.

The funding, coming from the local budget, private resources, and preferential loans, has been approved by the municipal People's Committee for the implementation of the fisheries livelihood transition project for the next five years.

The project targets the conversion of around 6% of the city's fishing fleet, focusing on nearshore and inshore vessels and part of the offshore trawler fleet, towards fishing methods with lower environmental impact, including hook-and-line, gillnets, purse seines, traps a...