ADB invests $15 mln in ocean-based aquaculture in Vietnam

ADB invests $15 mln in ocean-based aquaculture in Vietnam

The Asian Development Bank (ADB) and Australis Holdings have signed a $15 million convertible note to promote climate-resilient, ocean-based barramundi, and seaweed aquaculture in Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

ADB to invest $18 mln in Australis’ Vietnam aquaculture venture

ADB to invest $18 mln in Australis’ Vietnam aquaculture venture

The Asian Development Bank (ADB) has disclosed its strategic equity investment plan for Vietnam-based Australis Holdings, committing more than $15 million to finance the firm’s climate-smart barramundi and seaweed aquaculture project.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7