Nam Dinh licenses first foreign investment in aquaculture

VIETNAM - The Red River Delta province of Nam Dinh has licensed a Taiwan-invested project on raising giant Pacific Oyster scientically named Crassostrea gigas, with an initial investment of US$120,000.

The project, covering 10 hectares of water, is designed to produce 5 million fries and 833,000 kg of oysters for harvest a year, once it begins operations in 2008.

The potential farm is also expected to produce high-quality oysters for export to Taiwan, the US and Japan, in addition to providing raw materials for sea-food processing factories.

Source: Vietnam Economy