Hotline: 0274 383 347
Saturday, 11-7-26 20:14:38

Economics

Hotline: 0274 383 347

Time for Vietnam to tap ocean aquaculture potential

Vietnam has huge potential for ocean aquaculture but the lack of a proper development plan, preferential policies and application of high technology has hindered its development.

High-density polyethylene (HDPE) floating cages are used to breed fish in southern Ba Ria-Vung Tau province’s Long Son commune

The country has great potential for mariculture thanks to its long coastline, relatively large Exclusive Economic Zone (EEZ) and diverse water bodies embracing lagoons and bays, according to experts.

Ocean aquaculture has become a global trend due to its huge potential and increasing demand for seafood.

The world population keeps growing, leading to increasing consumer demand for seafood, according to the Food and Agriculture Organisation of the United Nations (FAO).

An estimated additional 19 million tonnes of seafood are needed by 2030 worldwide in comparison with 2015. By 2050, the world would need an amount of animal proteins that is 1.7 times higher than today, according to the FAO.

Chairman of the Vietnam Seaculture Association Nguyen Huu Dung said mariculture is assessed to be more efficient in terms of economy and environment than raising animals on land. Ocean aquaculture has a lower Feed Conversion Ratio (FCR) and inflicts less harm on the environment, he said.

Cultivation of seaweed at sea can help feed the growing world population as proteins from seaweed can be utilised as raw materials for various products, according to researchers of the Plant Research International. Proteins from seaweed can be used as food for both humans and animals.

The growth of seaweed at sea can reach 400kg of protein per hectare per year while plants can only get 16kg of proteins per hectares per year, Dung said.

Also, seaweed growth does not need fertilisers and plant protection chemicals while helping to absorb environmental pollutants in the atmosphere and at sea, he said.

With a coastline of over 3,260km and numerous islands and bays, the country ranks as the world’s fourth-largest producer of seafood from aquaculture. In 2018, seafood export turnover surpassed 9 billion USD.

The national strategy for sustainable mariculture development by 2030 states that Vietnam has great potential for mariculture, particularly in raising maritime varieties with high economic values such as plaice, grouper, tuna, oysters for pearls and seaweed.

There are currently around 50,000 households living along coastal areas engaged in marine aquaculture but most of them are of a small-scale with out-dated technology, low economic efficiency, unsustainability and cause environmental pollution in some areas. They also chiefly operate near-shore to avoid storms, rough seas and other extreme weather while much potential remains for offshore marine aquaculture.

Experts also warned that Vietnam has huge potential for marine aquaculture but challenges remain due to the lack of national marine aquaculture development plans and preferential policies to draw investment from the business community.

Weak State management, out-dated technology and environmental pollution risks are also challenges facing the industry.

There is also a shortage of maritime production chains from marine aquaculture farms to businesses providing food, breeding varieties and processing and distribution services.

To help develop mariculture sustainably, experts from the Vietnam Mariculture Association said it is necessary to build related mechanisms, policies and infrastructure to encourage businesses to join the industry.

Applying modern technology in mariculture as well as in preserving, transporting and processing seafood would also help to increase the products’ economic value.

Human resources training and international cooperation promotion are also needed.

The association has proposed the Government to build a national industrial mariculture development target programme by 2030 with a policy framework to encourage the participation of more businesses in mariculture.

Under the strategy for sustainable mariculture development, Vietnam targets to reach 600,000 tonnes of marine farmed fish, 100,000 tonnes of seaweed and 100,000 tonnes of molluscs. Seafood export turnover is expected to reach 20-25 billion USD by 2030.

VNS/VNA

Time for Vietnam to tap ocean aquaculture potential

Vietnam has huge potential for ocean aquaculture but the lack of a proper development plan, preferential policies and application of high technology has hindered its development.

Time for Vietnam to tap ocean aquaculture potential

High-density polyethylene (HDPE) floating cages are used to breed fish in southern Ba Ria-Vung Tau province’s Long Son commune

The country has great potential for mariculture thanks to its long coastline, relatively large Exclusive Economic Zone (EEZ) and diverse water bodies embracing lagoons and bays, according to experts.

Ocean aquaculture has become a global trend due to its huge potential and increasing demand for seafood.

The world population keeps growing, leading to increasing consumer demand for seafood, according to the Food and Agriculture Organisation of the United Nations (FAO).

An estimated additional 19 million tonnes of seafood are needed by 2030 worldwide in comparison with 2015. By 2050, the world would need an amount of animal proteins that is 1.7 times higher than today, according to the FAO.

Chairman of the Vietnam Seaculture Association Nguyen Huu Dung said mariculture is assessed to be more efficient in terms of economy and environment than raising animals on land. Ocean aquaculture has a lower Feed Conversion Ratio (FCR) and inflicts less harm on the environment, he said.

Cultivation of seaweed at sea can help feed the growing world population as proteins from seaweed can be utilised as raw materials for various products, according to researchers of the Plant Research International. Proteins from seaweed can be used as food for both humans and animals.

The growth of seaweed at sea can reach 400kg of protein per hectare per year while plants can only get 16kg of proteins per hectares per year, Dung said.

Also, seaweed growth does not need fertilisers and plant protection chemicals while helping to absorb environmental pollutants in the atmosphere and at sea, he said.

With a coastline of over 3,260km and numerous islands and bays, the country ranks as the world’s fourth-largest producer of seafood from aquaculture. In 2018, seafood export turnover surpassed 9 billion USD.

The national strategy for sustainable mariculture development by 2030 states that Vietnam has great potential for mariculture, particularly in raising maritime varieties with high economic values such as plaice, grouper, tuna, oysters for pearls and seaweed.

There are currently around 50,000 households living along coastal areas engaged in marine aquaculture but most of them are of a small-scale with out-dated technology, low economic efficiency, unsustainability and cause environmental pollution in some areas. They also chiefly operate near-shore to avoid storms, rough seas and other extreme weather while much potential remains for offshore marine aquaculture.

Experts also warned that Vietnam has huge potential for marine aquaculture but challenges remain due to the lack of national marine aquaculture development plans and preferential policies to draw investment from the business community.

Weak State management, out-dated technology and environmental pollution risks are also challenges facing the industry.

There is also a shortage of maritime production chains from marine aquaculture farms to businesses providing food, breeding varieties and processing and distribution services.

To help develop mariculture sustainably, experts from the Vietnam Mariculture Association said it is necessary to build related mechanisms, policies and infrastructure to encourage businesses to join the industry.

Applying modern technology in mariculture as well as in preserving, transporting and processing seafood would also help to increase the products’ economic value.

Human resources training and international cooperation promotion are also needed.

The association has proposed the Government to build a national industrial mariculture development target programme by 2030 with a policy framework to encourage the participation of more businesses in mariculture.

Under the strategy for sustainable mariculture development, Vietnam targets to reach 600,000 tonnes of marine farmed fish, 100,000 tonnes of seaweed and 100,000 tonnes of molluscs. Seafood export turnover is expected to reach 20-25 billion USD by 2030.

VNS/VNA

Tags: aquaculture

Green development under local characteristics

With various industrial parks (IPs) already built or planned for future investment, Bau Bang district has identified green industry as its strategic path

Vietnamese products grab spotlight at Algiers int’l fair 2025

Vietnamese goods are gaining international attention at the 56th Algiers International Fair (FIA 2025), held from June 23–28 in Algeria's capital.

OCOP programme hits milestone with 126 five-star products nationwide

The National Council for the Evaluation of OCOP Products on Tuesday announced the recognition of 47 new five-star-rated products under the One Commune One Product (OCOP) programme,

In-depth industrial development

In the first six months of 2025, the Index of Industrial Production (IIP) in Binh Duong province is estimated at increasing by 10.19% compared to the same period last year.

In-depth industrial development

In the first six months of 2025, the Index of Industrial Production (IIP) in Binh Duong province is estimated at increasing by 10.19% compared to the same period last year.

Establishing a framework for the reorganization of the global supply chain

In light of the global economy being influenced by various factors such as supply chain disruptions,

Opening doors for workers to own housing

With the strong support of the government, active participation from the banking system, and the attention of provincial leaders and businesses, access to social housing for workers and low-income individuals is widening.

Tan Uyen city enhances the inspection and enforcement of trade violations

In accordance with the directives of the Provincial Steering Committee for the Prevention of Smuggling, Trade Fraud,

Total tax revenue in Binh Duong reaches 63.7% of estimate

On June 23, Tax Department of Region XVI held a conference to review tax work for the first six months of 2025, outline tasks for the remaining six months, and honor exemplary enterprises.

Elevating development

Amid the current global economic landscape, which is being significantly impacted by shifts in supply chains, trade dynamics

Enterprise - Brand

Company Social Media Net

Company VIETNAMNAY

Company HANEL MIROLIN

Company Keangnam - vina

Company HP Travel

Company Keloph