$2.8 million project to provide assistance to shrimp processors in Vietnam.
The “Sustainable and Equitable Shrimp Production and Value Chain Development” project was launched by Oxfam Vietnam and the International Collaborating Centre for Aquaculture and Fisheries Sustainability in the Mekong Delta city of Can Tho on May 25.
Worth $2.8 million, the project aims to promote sustainable economic prosperity and poverty reduction in Vietnam through easing the social and environmental impacts in the development of the shrimp value chain.
It targets small and medium-sized enterprises, shrimp producers, and residents in Soc Trang, Bac Lieu and Ca Mau provinces for a period of four years, from March 2016 to February 2020, benefiting more than 85,000 people.
Mr. Alejandro Montalban, Minister Counselor of the Delegation of the European Union to Vietnam, noted that the project will contribute to the efficient use of resources, responsible production supply chains and practices, improved social and environmental conditions, and less waste.
Besides the technical support the project will seek solutions to help small-scale shrimp breeders and small and medium-sized processors access financial sources while empowering them to have a stronger voice in negotiations with other actors in the value chain, he added.
According to Oxfam Vietnam, the aquaculture sector contributes more than 3 per cent to national GDP. Shrimp production, which accounted for over 44 per cent of the sector’s total output in 2015, creates jobs and incomes for about 700,000 households.
However, around 80 per cent of Vietnam’s shrimp processors work on a small or medium scale without mutual cooperation, making it difficult for Vietnamese shrimp to compete globally.