ADB to invest up to $18m in Vietnam-based Australis' aquaculture project

The Asian Development Bank (ADB) has agreed to provide an equity investment of up to $15 million to Vietnam-based Australis Holdings, Inc. (AHI) for its Climate-Smart Barramundi and Seaweed Aquaculture project. The lender’s Climate Innovation and Development Fund (CIDF) will also provide a grant of up to $3 million to the project, according to a press statement.