ADB's investment will fund the working capital to expand Australis' operations at Van Phong Bay in central Viet Nam and support the development of a second regional production hub in southern Viet Nam.
The Asian Development Bank (ADB) and Australis Holdings, Inc. (Australis) signed a $15 million convertible note to promote climate-resilient, ocean-based barramundi and seaweed aquaculture in Viet Nam.
After a strong performance in 2022, Viet Nam’s economic growth is expected to moderate at 6.5% this year and further expand at 6.8% in 2024, according to the flagship economic publication of the Asian Development Bank (ADB) released today.
The increase of pathogenic loads across the value chains—from farm to retail—can be attributed to poor hygienic practices in handling of fruits and vegetables. Photo credit: ADB.
This study analyzes fresh produce for contaminants and explores ways to enhance farm management, market infrastructure, and food safety management.
Greater Mekong Subregion Secretariat
Regional Cooperation and Operations Coordination Division,
Southeast Asia Department, Asian Development Bank
Address: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
Telephone: +63 2 8632 4444 Fax: +63 2 8636 2226
