New compensation regulations
Aquaculture farmers directly affected by natural disasters and epidemics will receive compensation totalling as much as US$2,600 per hectare, according to Decree No 2 issued by the Government last week. The decree, to take effect from February 25, will regulate compensation forms and levels to help farmers recover production after being affected by natural disasters and epidemics, in accordance with Article 3 of the Law on Natural Disaster Prevention and Control. Việt Nam is an agricultural country with 23 million farmers, more than the total number of farmers in 11 Trans-Pacific Partnership partner countries, according to Minister of Agriculture and Rural Development Cao Đức Phát.
