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Vietnam

Loans Offered to Shrimp Farmers That Promote Sustainability

 

The International Collaborating Centre for Aquaculture and Fisheries Sustainability (CAFIS) has launched a sustainable and equitable shrimp production and value chain development project in Bac Lieu, Soc Trang and Ca Mau provinces, which account for 93% of the total shrimp farming acreage and 84.4% of shrimp output of Vietnam.  The project is expected to benefit about 20,000 shrimp farmers and 30 small and medium enterprises in the provinces.  Dinh Xuan Lap, deputy director of (ICAFIS), said the project was instigated to help shrimp farmers that promoted sustainability gain easier access to capital.

 

On August 14, 2017, Bac Lieu Province ordered the implementation of the project, which will be carried out by three companies: Southern Shrimp, Au Vung and Thien Phu.  The province also proposed that the Bac Lieu branch of the State Bank of Vietnam direct commercial banks in the province to create favorable conditions for farmers to take out loans.

 

All shrimp farming localities have strong financial demand, so ICAFIS will continue working with Ca Mau and Soc Trang provinces to help farmers and companies there gain easier access to capital.

Source: The Saigon Times.  Loans Offered to Shrimp Farmers Cooperating with Enterprises.  Ngoc Hung.  August 22, 2017.

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