Long Sinh is the first company from Vietnam that is looking for funding via our platform. They are planning to set up three mobile testing labs to support the shrimp fishermen they work with. We contacted Quang Loc of Long Sinh to hear more about their plans.
“Our company Long Sinh was established in 1997 and we are specialised in manufacturing and trading products for the aquaculture and agriculture industry. We focus for instance on the production of supplements and feeds for shrimp larvae, fertiliser, fishmeal, squid meal, mussel meal and fish oil.”
Can you describe your plans for the mobile testing labs?
“Diseases in aquaculture are getting more and more complicated, however laboratories for testing shrimp diseases are normally far from farming areas. As a result, shrimp farmers currently face a lot of risks because they do not have access to the technical equipment to identify diseases early.
We want to improve the competitiveness of Vietnamese commercial shrimp farmers through the establishment of a three mobile testing labs to early detect, prevent and treat shrimp’s diseases. We will also be able to detect levels of antibiotic residues in shrimps in the Central, South Central and Southern regions of Vietnam.”
How will you use the investment when it comes in?
“Currently we have a testing lab with basic equipment. We need an investment for the lab to become professional. We will equip the labs modern machines to test shrimp diseases effectively. The first three months we will offer farmers the testing of shrimps for free. But after that the farmers will pay about US$20 per test. We will be able to do about 60 tests per day.”
How will the shrimp fishermen benefit from the testing labs?
“As mentioned, the shrimp farming business is full of risks because there is no technical equipment available to identify diseases early in order for effective prevention and treatment. Following a periodic schedule, Long Sinh will assign professional technical staff to go into farming areas to do the testing.
Shrimp products from Vietnam are now less competitive due to the fact that antibiotics residues exceeding permitted levels are frequently detected in the shrimps, which is the reason that they cannot be exported. When diseases are detected early the fishermen can take measures to prevent them and get a higher price for their shrimps. Besides the fishermen we are also benefitting from this as we will be able to buy better quality shrimps from them.”
Can you describe the consequences for the fishermen if they cannot sell their shrimps because of diseases?
“Actually, you know, aquaculture is a key sector of Vietnam. But for many years, Vietnam gets a lot troubles for the low price of shrimp due to the high levels of antibiotic residues. There are farmers who lost everything because of this. And shrimp diseases are getting more and more complicated. Farmers are low-income people. Their lives depend on the price of shrimps. We need to support them through mobile testing labs.”
How do you see the future of ’inclusive business’ in Vietnam?
“I think the future of inclusive business in Vietnam is bright because we are a developing country with agriculture as its key sector. There are many low-income people who need support and the concept of inclusive business will convert good ideas into reality and everybody will benefit from this.”