| Project Detail |
The project involves an equity investment of up to $15 million in Australis Holdings, Inc. (AHI) for the Australis Climate-Smart Barramundi and Seaweed Aquaculture Project in Viet Nam. The report describes the administration of a grant of up to $3 million to be provided by the Climate Innovation and Development Fund (CIDF).
Project Name Australis Climate-Smart Barramundi and Seaweed Aquaculture Project
Project Number 55260-001
Borrower / Company Australis Holdings, Inc.
Country / Economy Viet Nam
Location Nation-wide
Type or Modality of Assistance
0880 Grant Climate Innovation and Development Fund USD 3.00 million Approved
7757 Equity Ordinary capital resources USD 15.00 million Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector
Agriculture, natural resources and rural development / Fishery
Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Office of the Director General, PSOD
Responsible ADB Officer Henriques da Silva, Duarte
Project Sponsor(s)
Description The project involves an equity investment of up to $15 million in Australis Holdings, Inc. (AHI) for the Australis Climate-Smart Barramundi and Seaweed Aquaculture Project in Viet Nam. The report describes the administration of a grant of up to $3 million to be provided by the Climate Innovation and Development Fund (CIDF).
Objectives and Scope The project will support the increased production of barramundi and seaweed in ocean-based farming systems in Viet Nam, promoting climate-resilient production of high-quality protein. The project will foster technology transfer of best practices in sustainable aquaculture and improve gender equality standards. The project is fully aligned with the Government of Viet Nams goal of developing aquaculture in a sustainable manner, with a focus on developing high-level technology farming of major aquatic species for export, protecting the ecological environment, preventing disease, and ensuring food safety.
Linkage to Country/Regional Strategy The project is aligned with the agribusiness strategy of the Operational Plan for Private Sector Operations, 2019-2024, which aims to promote climate-resilient and more environmentally sustainable business models. The project is aligned with ADBs sovereign operations in agriculture and natural resources, including the pipeline project, Restoration and Sustainable Management of the Coastal Forests in the Mekong Delta. |
