Land Prices Jump As Aquaculture Thrives

Figures provided by the provincial Fisheries Department show that the price of river-bank land is between VND30-VND40 million per 1,000 sq.m compared with as little as VND15 million per 1,000 sq.m previously.

An example is the Can Tho Mekong Company.

It bought 14.5ha of market gardens in the Cau Ke District for between VND55 million to VND65 million per 1,000 sq.m to breed catfish by the third quarter of this year.

Another buyer was the Can Tho Cafatex Company.

It bought 17.5 ha of alluvial land in An Phu Tan Commune.

Cau Ke District Agriculture and Fisheries Division engineer Hua Thi Chuc says the two companies have used the land to build catfish ponds.

The Can Tho Cafatex Company has 500,000 tra, or catfish, to each 0.5 ha of water and says its fingerlings were thriving.

To continue reading this article please click here

Source: VNS

Sign up for our
regular news updates

Latest Industry News

•   Britain Makes the Switch to Sustainable Species
•   Council Supports Local Oyster Industry
•   EU Approves Block Exemption for State Aid
•   500 Marine Protected Areas Established in Philippines
•   Parliament Passes Fisheries Bill
•   Scottish Fishermenn Maintain Pressure over Fuel
•   Update on Ganglioneuritis Virus in Abalone
•   Lack of Fish Farming Policy Force Prices Down
•   Governor Impressed by Seafood Industry
•   New Zealand Fast Forward Bold Step Forward