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Vietnam - Friday, February 08, 2002 Source: FIS

MOF to invest in aquaculture in northern region


Black tiger prawn is the main species produced. (Photo:P.Aleksenko)

The Ministry of Fisheries (MOF) has announced an investment of VND 8.5 billion (USD 566,666) in developing aquaculture concerns in 13 northern mountainous regions that will ultimately benefit local families.

A total of VND 5 billion (USD 333,333) will be spent on building infrastructure and a further VND 3.5 billion (USD 233,333) on purchasing stocks.

To date, the majority of aquacultural concerns have been concentrated along the country’s coastline where black tiger prawn is the main species produced.

Recently, the MOF announced that hectarage for coastal shrimp and finfish farms would increase by 2005 to 800,000 hectares (see FIS World News, 10 January 2002).

In the northern region, poor families will be able to receive bank loans to establish farms without having to mortgage any of their assets. The new programme also gives preferential treatment to people that live in remote areas. Unproductive rice paddies will be turned into shrimp and catfish ponds, reports Econet.

Fish raising already accounts for 49,033 hectares in the region, or 38.9 per cent of the already existing water resources suitable for aquaculture development. Currently, output is 23,934 tons per annum, but this figure is set to rise over the next few years.


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