The southernmost province of Ca Mau in Vietnam has announced plans to invest a significant amount of VND 536 billion (USD 21.09 million) in a fisheries sustainable development project for the 2025-2029 period. The project aims to upgrade the fisheries sector’s sustainability and promote its international integration, while also focusing on climate resilience and environmental protection.

Breakdown of Investment

The project will be funded by a combination of sources, including VND 390.2 billion (USD 15.35 million) from the World Bank’s official development assistance, VND 273 billion (USD 10.74 million) from the State, and VND 145.8 billion (USD 5.74 million) from the locality’s corresponding fund.

One of the key components of the project is the upgrade of the Rach Goc fishing port in Ngoc Hien district, as well as the development of infrastructure for bio-safe shrimp farming and sustainable aquaculture in Dam Doi, Cai Nuoc, and Phu Tan districts.

Building a Value Chain and Brands

A focus of the project is to build a value chain and brands to improve productivity in three farming areas in Tan Duc and Ta An Khuong Dong communes of Dam Doi district, Dong Thoi commune of Cai Nuoc district, and Phu Tan and Phu My communes of Phu Tan district.

According to Vice Chairman of the provincial People’s Committee Lam Van Bi, the project is designed to bring about huge economic, social, and environmental benefits, including job creation, income growth, and improved local livelihoods. Deputy Director of the provincial Department of Planning and Investment Tran Cong Khanh added that the project will help capitalize on Ca Mau’s strengths and potential, promoting sustainable development in the region.