The Dutch Fund for Climate and Development (DFCD) supports climate resilient mangrove shrimp production in South Vietnam’s Mekong Delta, which will protect biodiversity and ecosystems, improve livelihoods for smallholder famers, and sequester millions of tons of greenhouse gases.
The DFCD’s Origination Facility Investment Committee has approved an origination project proposal to support the development of a business investment plan at scale for climate resilient mangrove shrimp production in the Mekong Delta, which is being undertaken by Camimex (the Camimex Group JSC).
With this approval, SNV Netherlands Development Organisation has the intention to sign a €290,250 grant funding agreement with Camimex, together with a SNV technical assistance package for the development of a business investment proposition related to the development and expansion of sustainably managed mangrove shrimp production.
The DFCD strongly supports both the Mekong Delta Agricultural Transformation plan (MD ATP), and Resolution 120, Vietnam’s primary policy framework for addressing climate change in the Mekong Delta. The protection and expansion of sustainably managed mangrove forest and wetlands is an important tool for resilient climate change adaptation in the Delta. It is also a Rio-marker 2 for sustainable climate-resilient farming methods.
This project aims to:
- bring 16,500 hectares of forest – wetlands under sustainable management.
- sequester a total of 10 million tons of greenhouse gases per year, of which 1.5 million tons of greenhouse gas sequestration will come from planting additional mangroves.
- Scale up the capacity of higher-value organic certified shrimp exports, which will increase smallholder farmer livelihoods by at least 10% while protecting biodiversity and mangrove ecosystems.
- positively impact 12,000 farmers*, including benefiting women, minorities, and vulnerable persons.
- assess the potential for blue carbon as a tool to further protect Vietnam’s mangrove belt, which can act as a nature-based solution protecting against erosion and providing protection for inland communities.
*Direct and Indirect. 7,200 farmers directly of that 3,600 are expected to be women. Indirect beneficiaries 4,800 peoples.
SNV is a not-for-profit international development organisation that makes a lasting difference in the lives of people living in poverty by helping them raise incomes and access basic services. We aim for premium quality and focus on three sectors: agriculture, energy and water, sanitation and hygiene (WASH). With a long-term, local presence in over 25 countries in Asia, Africa and Latin America, we know how governments work and how relationships are built. Implementing our mission exclusively through project financing requires us to work efficiently and invest in operational excellence every day. Our team of more than 1,300 staff is the backbone of SNV.
Camimex was established in 1977 as the first shrimp processor in Ca Mau province, the capital of shrimp producers in Vietnam. Since 2000, it became one of the world’s earliest producers to be certified in the whole supply chain, by Naturland and IMO for organic shrimp. Camimex is now Vietnam’s leading supplier of organic shrimp. Camimex’s vision is to become the leader in the organic shrimp farming system, through their sustainable value chain: from farming, hatcheries, processing and sustainable markets.
You can read the full disclosure here.
For more information and if you want to share any confidential information you may have regarding the intended project or company please contact:
The Dutch Fund for Climate and Development: Mr. Alex Downs