A VND500 billion (nearly $20 million) project funded by the World Bank is set to boost sustainable fisheries development in Nghe An province, central Vietnam, creating new growth opportunities in offshore fishing, high-tech aquaculture and legal catch management.
A World Bank delegation met with provincial authorities on April 24 to review preparations and accelerate approval procedures for the project, which is classified as a Group B public investment initiative.
The project is considered a key step in restructuring the fisheries sector towards greater sustainability, higher value addition and stronger alignment with international standards.
It will prioritize upgrading fishing ports, mooring areas and storm shelters, laying a solid infrastructure foundation for marine exploitation. Once completed, the system is expected to serve around 2,000 fishing vessels, with annual output projected at 70,000 tons, while reducing post-harvest losses and improving product quality across the value chain.
Aquaculture—particularly brackish water shrimp farming—will also receive significant investment. Technical infrastructure will be developed in key farming areas to ensure biosecurity, minimize disease risks and protect the environment. The system is designed to support 734 hectares of water surface, with an annual farming area of about 1,200 hectares and output of roughly 4,500 tons.
The project comprises three components: infrastructure development, capacity building and technology adoption, and project management. Implementation is scheduled in phases through 2030.
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