At the ceremony (Photo: VNA)

Located on a site of 600ha, the project has the total investment of VND4 trillion (USD172.7 million), said Doan Toi, Chairman and CEO of the Nam Viet Corporation - the project’s investor.

The project is divided into two areas: a three-tier tra fry production area and a high-tech tra fish farming area.

According to Mr Toi, once operational, the tra fry production area will produce about 360 million tra fries each year to provide for companies and farmers in the Mekong Delta region. Meanwhile, the tra fish farming area will produce 200,000 tonnes of tra fish to serve processing and export.

The project is expected to be completed in the next two years.

Vice Chairman of the provincial People’s Committee Le Van Nung said that the project, once operational, will help the locality’s export turnover increase by USD100-150 million over 2018./.