| ID: | 84149 |
|---|---|
| Country: | Viet Nam |
| Title: | Vietnam – Project for Adaption to Climate Change in the Mekong Delta in Ben Tre and Tra Vinh Provinces (AMD) – April 2023 |
| Description: |
Ms. Luong Thi Chung (centre), Director of Phat Huy Seafood Processing Company, preliminarily processing fresh fish for single-day drying together with a few of her 20 employees. Ms. Luong Thi Chung is the Director of the Phat Huy Seafood Processing Company in Thanh Phong commune, a coastal community located at the southern end of Ben Tre province. Most people there make a living from aquaculture and fishing. With a family tradition of processing sun-dried fish behind her, Chung opened a production facility in 2018 to serve people in the area, sourcing a fresh catch directly from the local fishermen. In the early days of her business, Chung used only phai, tongue sole, grey eel catfish and pangasius krempfi that she marinated and dried in the sun without any kind of preservation. In 2019, The Project for Adaptation to Climate Change in the Mekong Delta in the Ben Tre and Tra Vinh Provinces (AMD) provided VND 1,4 billion (TUS$ 57) in co-investment that allowed the company to expand its single-day dried fish operation with additional equipment and a cold storage warehouse. In addition to capital investment, Mrs. Luong Thi Chung, the company’s Director, cited capacity development, business development services and technical guidance as other benefits gained from the AMD support. "We have 2 children. In addition to housework, I used to buy fish fresh from the fishing boats to make dried fish that I sold to people in the area. My husband had two shrimp ponds, but shrimp farming was not stable due to the weather. Our income was not enough to cover our household expenses. Thanks to the support I got from AMD, I was able to expand my fish drying business and build the Phat Huy Seafood Processing Company as it is today.” The company has evolved into a seafood processing company, providing more than 20 local people with stable employment opportunities and the means to increase their household income as raw material suppliers. With AMD support, the company has quickly boosted its production capacity, diversified its range of products and developed strong connections to domestic markets. About 150 targeted households directly benefit from Chung’s growing business, including 40 poor or near-poor households, 20 women-headed households. On average, two tons of fish is processed per month, earning the company an annual profit of about VND 500 million. Tilapia and pangasius krempfi, a kind of Mekong catfish, are the company’s best-selling products. Chung has connected and contracted with fish farmers in the area who have switched from growing shrimp to tilapia and catfish farming. Chung’s husband is one of those farmers who made the switch. With her business success, Chung was able to send her two children to university, and now they help her manage the company. “My children and I have big plans to target e-commerce and the export market, and to expand the farming areas to support more disadvantaged coastal people and fishermen. To help families escape the poverty my family experienced before.” The Project for Adaptation to Climate Change in the Mekong Delta in the Ben Tre and Tra Vinh Provinces (AMD) strengthened the resilience and adaptive capacity of 54,000 smallholder farmer households by generating sustainable income opportunities and improved rural livelihoods, reaching an estimated 210,000 people. To this end, AMD invests in climate resilient, inclusive, and remunerative value chain opportunities, including coconut, fruits, and aquaculture. |
| Size: | 12.59 MB; 5568 x 3712 pixels; 471 x 314 mm (print at 300 DPI); 1473 x 982 mm (screen at 96 DPI); |
| Show more details: | Nguyen Hoang Sanh |
| Copyright: | © IFAD/ Nguyen Hoang Sanh |
| Categories: | New from Asia and the Pacific |
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