February 23, 2025 | 02:16 GMT +7
Hotline: 0913.378.918
February 23, 2025 | 02:16 GMT +7
Hotline: 0913.378.918
The Asian Development Bank (ADB) has funded USD 15 million for the climate-adaptive Asian seabass and seaweed farming project.
The Asian Development Bank (ADB) has recently announced a capital investment plan for Australis Holdings, Inc. (AHI), which headquarter is in Vietnam. Accordingly, ADB committed to finance USD 15 million for a project to grow seaweed and raise Asian seabass in a manner adaptive to climate change.
In addition, through the Climate Innovation and Development Fund (CIDF), ADB will also provide an additional USD 3 million in funding to support AHI's recent commitments to support sustainable economic development and carbon emission reduction in Southeast Asian countries.
AHI's climate-adaptive Asian seabass and seaweed farming project aims to promote diversity in marine ecosystems, increase production of high-quality protein in Vietnam's seafood industry, and at the same time improve Vietnam’s resilience capacity to climate change.
Translated by Samuel Pham
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