GENERAL INFORMATION

Vietnam, with a coastline of over 3,260 kilometers (km) and more than 3,000 islands and islets scattered offshore, plus up to 2,860 rivers and estuaries, has been geographically endowed with ideal conditions for the thriving fishery sector which currently exists.

Great potential of fishery sector in Vietnam is embedded in water bodies of 1.700.000 ha in which 811.700 ha freshwater, 635.400 ha brackish waters and 125.700 ha coves and 300.000 - 400.000 ha wetland areas might be employed for aquaculture development.

The Mekong River Delta in the south and the Red River Delta in the north have been used for wild catch fishing as well as extensive fish farming.

Shrimp and pangasius mostly farmed in the Mekong River Delta, in which, shrimp farmes located in coastal provinces such as Tra Vinh, Bac Lieu, Soc Trang, Ca Mau, Kien Giang, Ben Tre..

Pangasius farming is developing in many provinces in Mekong River Delta such as Can Tho, Vinh Long, Tien Giang, An Giang, Dong Thap, Soc Trang, Hau Giang, Tra Vinh....

Production in the fishery sector grew at an average rate of 7.05% from 1991 to 2000, and 10% from 2001 to now. Vietnamese fisheries production increased steadily YoY. Aquaculture output tent to sharply rise while capture ouput tend to slow down. In 2023, aquaculture occupied 59%, fishing output occupied 41%. From 2018-2023, ratio of fishing output has decreased from 46% to 41% of total fishery production in Vietnam. In 2023, total aquaculture area was 5.408 million tons, up 3.5%; total fishing output was 3.861 million tons, equal to 2022.

Phu Yen pours over 2.1 trillion VND into aquaculture

Authorities in the central coastal province of Phu Yen will spend nearly 2.12 VND trillion (93 million USD) developing aquaculture from now until 2025.

According to Vice Chairman of the provincial People’s Committee Tran Huu The, the master plan on fisheries development by 2025 with a vision toward 2030 will involve aquaculture, harvest and processing and building infrastructure for fishing logistics, including breed stock production.

From now until 2020, the province will invest more than 1.45 trillion VND (64 million USD) in conducting 13 key projects that aim to boost sustainable fisheries development.

These projects include building Long Thanh aquaculture infrastructure system, upgrading infrastructure for the Hoa An aquaculture production centre in Song Cau town, building a fishing port, a tuna auction market and a tuna processing factory with a capacity of 1,800 tonnes per year in Tuy Hoa city.

In Song Cau town, the province will also construct a frozen seafood processing factory with a capacity of 3,500 tonnes per year and a factory to produce feed for lobsters, which can make 1,000 tonnes per year.

The master plan is aimed at giving a boost to local aquaculture and production, contributing to developing the local economy.

The province has set a target of reaching an average growth of 5.2 percent per year from now until 2030.

VNA


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