Binh Dinh fishermen have decided to stay at home rather than go to sea as new higher oil prices have increased at least VND10-15 million per trip while fish prices stay the same.
Fishing boats are berthed onshore
As a result, 280 out of around 480 fishing boats are berthed onshore and 30 of them are even on sale.
There are 6,500 fishing boats of all varieties in the region, said a Binh Dinh Department of Fisheries official.
A 90 CV capacity boat uses 5,000-7,000 liters of oil for a 20-day offshore fishing trip.