However, they all are small-scale projects with an average amount of US$4.4 million per project, according to International Cooperation Department under the Ministry of Agriculture and Rural Development (MARD).
There are 18 countries and territories injected money in fisheries projects in Vietnam. However, these projects have not created good link in the whole production and supply chain.
So far, Vietnam still has weak capacity to attract foreign investments, which does not meet potentials of local fishery sector, especially those in the Mekong Delta. The main reason is that the country has not national strategy for localities to attract and manage foreign investments.
In addition, foreign investors are hesitant to pour money in fisheries activities as they considered that it is a risky business sector. Weaknesses in infrastructure are also their concern.
In the coming time, provinces in Mekong Delta should kick off a strategy to develop Vietnam fisheries by 2020 in order to have more foreign investments in high tech and sustainable projects. The policies to create a favourable investment environment are needed to meet demands of foreign investors.
Moreover, it is necessary to know trend and demands of international investors and undertake trade promotion programs to get more ODA fund. The diversification of investment models must be also focused, especially the public-private partnership (PPP). This is a new investment model which is now popular in the agricultural sector through cooperation between the State and private companies.
Vietnam Directorate of Fisheries (D-Fish) and Metro Cash & Carry will cooperate with some players in the sector like Cargill and Fresh Studio to undertake a pilot fish farming program under the METROGAP. The program involves 2,000 farming families in Can Tho city.
Two key fish hubs must be developed in the provinces of Kien Giang and Can Tho to attract FDI and ODA funds in order to enhance the growth of the Mekong Delta’s fishery sector, boosting seafood export value and creating more jobs for local workers, especially those in rural areas.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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