Construction of a VND120 billion (US$5.21 million) high-quality shrimp breeding farm began in the Cuu Long (Mekong) Delta province of Soc Trang on Tuesday. — VNS Photo

Construction of a VND120 billion (US$5.21 million) high-quality shrimp breeding farm began in the Cuu Long (Mekong) Delta province of Soc Trang on Tuesday.

Finaced by Viet-Uc Corporation, the farm will cover over 23ha in the first phrase, which is slated to be completion in June 2018.

The first stage will provide around five billion breeding shrimp per year and generate 400 local jobs. The second stage, which will start in late 2018, will extend to more than 60ha.

The company has produced about 40 billion breeding shrimp, accounting for 24 per cent of the market share, its chairman Luong Thanh Van said. He added that it is his company’s fourth farm in the Mekong Delta and its ninth nationwide.

Tran Van Chuyen, Chairman of the provincial People’s Committee, said Soc Trang needs 16 billion – 18 billion breeding shrimp each year, adding that the project will help reduce transportation costs and offer jobs to hundreds of local people.

He pledged all possible support for the project and asked the company to accelerate the farm’s construction. — VNS