An Empirical Study of Financial Efficiency and Stability of Shrimp–Mangrove Farming Model in Nam Dinh Province, Red River Delta, Vietnam
-
Published:2023-03-31
Issue:7
Volume:15
Page:6062
-
ISSN:2071-1050
-
Container-title:Sustainability
-
language:en
-
Short-container-title:Sustainability
Author:
Mai Ngo Thanh1, Huong Tran Thi Lan2, Dat Tran Tho3, Truong Dinh Duc1
Affiliation:
1. Faculty of Environmental, Climate Change and Urban Studies, The National Economics University (NEU), Hanoi 10000, Vietnam 2. Faculty of Economics, The National Economics University (NEU), Hanoi 10000, Vietnam 3. French Vietnamese Centre for Education Management (CFVG), The National Economics University (NEU), Hanoi 10000, Vietnam
Abstract
Shrimp–mangrove farming is a favorable production model suitable for the Red River Delta, Vietnam. This study was carried out in Nam Dinh province to evaluate the effectiveness and stability of the shrimp–mangrove farming model in the area. A participatory approach was carried out through surveys, focus group discussions, and interviews with 415 farming households in the Giao Thien and Giao An districts, the buffer zone of Xuan Thuy National Park, in 2022. We then used a cost–benefit analysis model to evaluate the financial performance and stability of the shrimp farming model. SWOT analysis was also used to identify opportunities and threats to this model. The research results showed that the shrimp–mangrove model has the advantages of low investment costs, diversified income sources, low risk, and environmental sustainability. However, the limitations of the model are low financial efficiency and not high stability. The main difficulties of the model are poor quality breeds, diseases, limited farming techniques of farmers, limited infrastructure system, the impacts of climate change, and low productivity. The study also proposes management implications to enhance the effectiveness and sustainability of shrimp farming in the Red River Delta, Vietnam.
Funder
the National Economics University, Hanoi, Vietnam
Subject
Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development,Building and Construction
Reference36 articles.
1. Integrated shrimp-mangrove farming systems in the Mekong Delta of Vietnam;Binh;Aquac. Res.,2008 2. Nguyen, H.T., Vo, V.T., Vo, V.H., and Nguyen, T.B. (2014). Current Socio-Economic and Environmental Conditions of Agroforestry System in Ca Mau Province, MDRI Cantho University, ICRAF. 3. Shrimp farming vulnerability and adaptation to climate change in Ca Mau, Vietnam;An;J. Manag.,2018 4. An analysis of technical—Financial efficiency and benefits of collective economic participation: A Case Study of the rotation rice-shrimp model in Soc Trang Province;Nguyen;Sci. J. Tra Vinh Univ.,2021 5. Mangrove forests and aquaculture in the Mekong river delta;Truong;Land Use Policy,2018
|
|