Government support and profitability effects – Vietnamese offshore fisheries

Duy, Nguyễn Ngọc; Flaaten, Ola; Long, Le Kim

doi:10.1016/j.marpol.2015.07.013

Cited by 10 publications

(3 citation statements)

References 19 publications

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“…Theoretically, government subsidies would encourage increased fishing effort in open access conditions, potentially leading to increased catch. However, long-term increased catch would decrease the resource stock, and excessive depletion of the stock would negatively affect the catch of vessels 8,9,49,50 . Over the 3-year survey period, government fuel subsidy policies may have increased fishing effort, such as vessel engine capacity, number of nets, and variable costs, resulting in increased catch quantity on average (Table 2).…”

Section: Discussionmentioning

confidence: 99%

“…The regression results showed that the average catch quantity in the 2018 season was lower than that of the two previous seasons, after the effects of other remaining variables were taken into account. Therefore, the non-effect of fuel subsidies on output may be due to the long-term impact of subsidies through economic benefits 49 . It is possible that the 2018 season catch was largely affected by the fuel subsidy policies of previous years.…”

Section: Discussionmentioning

confidence: 99%

“…Fuel cost subsidies, which have been implemented in Vietnam since 2008, represent a policy mechanism variable that can impact the behavior of fishermen and their fishing outcomes. The effectiveness of these subsidies has been studied by several researchers, including OECD 8 , Sumaila 9 , Duy et al 49 , and Duy and Flaaten 50 . Finally, climate change is an important variable in the production function of fisheries, as it can impact stock and fishing productivity.…”

Section: Model Specificationmentioning

confidence: 99%

See 2 more Smart Citations

Impact of endogenous and exogenous factors on catches: A case study of Vietnam’s offshore fisheries

Ngoc Nguyen

2023

Sci.Tech.Dev.J.-Eco.Law Manag.

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The performance of fishing vessels is influenced by both endogenous and exogenous factors. This study aims to investigate the impact of these factors on the catch quantity of offshore gillnet vessels in Khanh Hoa, Vietnam, by estimating the harvest function using survey data from three fishing seasons (2008, 2013, and 2018). The study has revealed that endogenous factors, such as engine capacity, the number of nets, the number of fishing days, and variable costs, exhibit a positive impact on catches at the 1% level of significance. Among these factors, the number of nets has the highest effect on catches. Nevertheless, the effect coefficients are generally smaller compared to those observed in previous studies within the same area or on the same fishing grounds. Conversely, the coefficient estimate for the age of the vessel owner is negative, though statistically insignificant. Exogenous factors manifest varying effects on the quantity of catches. The research result found no discernible effect of fuel cost support, while the stock proxy exhibited a minor impact coefficient, and climate change awareness had a noteworthy impact on catch quantities at the 1% level of significance. The findings imply that offshore resources could be experiencing a growing scarcity. Additionally, as fishermen's awareness of climate change increases, they might be more inclined to adjust and manage its impacts. Moreover, it raises concerns about the long-term sustainability of open-access fisheries that rely on subsidies. The study suggests that fishing policies should focus on regulating offshore vessels' input factors to prevent the overuse of offshore resources. In addition, policies should support fishermen in adopting appropriate coping strategies when faced with climate change. Furthermore, subsidy policies that do not harm offshore resources should be promoted.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%