Last year, the central province exported over 8,100 tonnes of ocean tuna, nearly 73 per cent higher than the previous year, bringing in revenues of about US$51.3 million.
In the first month of this year, local fishermen caught over 618 tonnes of ocean tuna, an increase of 54.5 per cent compared to the same period of last year.
Hao said offshore fishing and tuna export had become major contributors to the province’s economic growth, with the catch increasing year after year.
Having seen decent profits accrued from offshore tuna fishing, locals have become more and more confident bout investing and upgrading their vessels for longer fishing trips that also go further out to the sea.
As many as 242 fishing groups have been formed in the locality with the participation of over 800 local vessels with engine capacities ranging from 250HP to 900HP.
”When the fishing vessels work in groups, each vessel can be given timely support including information about fishing grounds and weather conditions, supply of fresh water, food and fuel during long trips,” Hao said.
Nguyen Van Ai, a fisherman from the province’s Phu My District, said that his fishing group had one 99HP, an 800HP and two 450HP vessels. Together, they generated revenues of VND20 billion last year from catching ocean tuna.
Each member in his crew enjoyed an annual income of VND150-160 million, making them high income-earners in the locality, he said.
However, Ai was worried about falling tuna prices. Enterprises were paying VND 60,000 – 70,000 for a kilo of tuna now, just half of the price they offered last year, he said.
Many fishermen had to borrow money from processing enterprises to prepare for their fishing trips, so they were reluctantly selling tuna to the lenders at prices offered by the latter, Ai said.
Pham Van Truong, Vice Chairman of the Hoai Nhon District People’s Committee, said local authorities need to help fishermen assess the quality of tuna and find suitable prices. Until now, fish quality and prices had been decided predominantly by the enterprises with farmers having little say, he noted.
However, Cao Thi Kim Lan, director of the Binh Dinh Fishery Joint Stocks Company, said local tuna prices were low because they were mostly being caught manually in shallow waters, despite assertions by officials that offshore fishing has increased of late.
In coastal
The fisheries sector in the province has several other problems.
Several ports, including the
Furthermore, sedimentation at the estuary is preventing vessels, especially ones with high capacity, from reaching the ports.
According to Hao the province is spending billions of Vietnamese dong each year to dredge the estuary around the ports. The sedimentation also poses difficulties for vessels to find shelter during the storm season.
Phan Trong Ho, director of the provincial agriculture and rural development department, said investors from
To make the sector more attractive to foreign investors and expand fisheries, the province would have to improve its port infrastructure, price management and logistics sector, he emphasised.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
According to data released by the General Statistics Office, Vietnam’s total aquatic production in the third quarter of 2025 reached over 2.71 million tons, up 3.3% year-on-year. Cumulatively, in the first nine months of 2025, the country’s total aquatic production exceeded 7.26 million tons, an increase of 3.2% compared to the same period last year.
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