Salmon farm proves lucrative, with time

News 08:52 13/09/2014
His efforts paid off in 2007 Yen

 

Tran Yen lost nearly VND300 million (US$19,000) in his first attempt to raise freshwater salmon, a highly prized gourmet fish.

 

In his first year of operation, 3,000 young fish unexpectedly died. Despite his lack of experience, Yen was determined to continue. The 54-year-old was the first farmer to try this business in northern Lai Chau Province.

After seeing salmon farming in Sapa, 20km from his home province, Yen was convinced of the potential of fish farming.

"Most farmers in the area were involved in forestry and raised cattle, which earned them about VND30-40 million ($1,800-2,500) per year. I wanted to try something more profitable, and thought that fish farming was suitable, as we have a good climate and cheap labour in Lai Chau Province," says Yen.

With an initial loan of VND100 million ($6,200) from the Lai Chau Social Policy Bank, Yen started building reservoirs and buying fish fry in late 2005. However, it was not all smooth sailing for Yen, "My first 3,000 fish died due to unusually hot weather and my lack of experience," he says.

"Salmon are temperamental fish and require water to be between 18-20 degree Celsius – and fish feed must be imported from France. However, it is very difficult to adjust the water temperature in reservoirs" says Yen.

"It was my first time fish farming. I learnt from books, friends and training courses, but that was not enough, I had to explore other techniques," he said, and added "Weather conditions, water quality, and fish feed are the main factors in whether or not you can successfully raise salmon. After my first failure, I went to China to learn more and did further research."

His efforts paid off, in 2007, Yen raised 40 tonnes of salmon, earning VND6billion ($375,000). Yen expects to produce between 80-90 tonnes this year, doubling profits. Yen said a kilogram of salmon is sold for between VND200,000-300,000 ($12.5-18.7), bringing him VND150 million ($9,400) per month.

His products are mainly consumed in northern areas, particularly Ha Noi, Lai Chau, Hai Phong and Dien Bien.

"I want to invest more, as supply does not meet demand, I cannot fulfil orders from many customers in Ha Noi, Hai Phong and even Japan, " Yen says.

Yen plans to build a $100,000 seafood processing factory in response to growing demand from local consumers. There is demand for 1,500 tonnes of salmon per year, but domestic producers can only supply 200 tonnes.

Apart from Lai Chau, salmon are also raised in Sapa, Cao Bang and Yen Bai Provinces. Yen would like to help other farmers profit from his knowledge.

"Salmon raising provides a stable income, I hope to share my experience so other farmers can get involved in this business. Apart from knowledge, capital is also crucial, it is not easy for a farmer to invest the VND100 million ($6,200) needed." Yen says.

Yen has also started raising sturgeon, which can fetch VND500,000-600,000 ($31-37) per kilogram. His farm employs 100 local workers who are paid an average VND2 million ($125) per month.

Loans for the poor

Yen is one of many who have benefited from the credit programme initiated by the Lai Chau Social Policy Bank. By the end of June, the bank had provided loans worth VND103 billion ($6,4 million) to local households.

"Bank officials help us a lot, and often come to our farms to check everything is going smoothly," Yen says.

To improve access to loan facilities, the bank simplified loan procedures, offered on-site consultancy services. The bank has set up 81 offices around the province, particularly in remote and mountainous areas.

 

Bạn đang đọc bài viết Salmon farm proves lucrative, with time tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Vietnamese clams face the challenge of maintaining their position in major markets

 |  09:05 26/05/2026

(seafood.vasep.com.vn) After a fairly strong upward trend in 2025, Vietnam’s clam exports entered 2026 with a mixed picture: strong growth at the beginning of the year, followed by a slowdown from March onward. According to Vietnam Customs data, Vietnam’s clam export turnover in the first four months of 2026 reached more than USD 38 million, up 2% compared to the same period in 2025.

Pangasius “goes offshore”: technology and market challenges

 |  09:05 24/05/2026

(seafood.vasep.com.vn) Vietnam’s pangasius industry is facing new opportunities to expand its development space as many localities and businesses begin promoting marine farming models aimed at diversifying farming areas and adapting to climate change. However, for pangasius to truly “go offshore” and develop into a large-scale industry segment, significant challenges related to technology, broodstock, and markets still need to be addressed.

Tilapia exports in April 2026 surge, Brazil accounts for more than half of total turnover

 |  08:26 23/05/2026

(seafood.vasep.com.vn) Vietnam’s tilapia exports in April 2026 reached USD 11 million, up 92% compared to the same period in 2025. This strong growth indicates that Vietnamese tilapia products are continuing to penetrate and expand rapidly in international markets. Cumulative export turnover in the first four months of 2026 reached USD 49 million, up 151% year-on-year.

Shrimp farming shifts toward proactive disease prevention and system management

 |  08:54 20/05/2026

(seafood.vasep.com) At VietShrimp Asia 2026, disease management trends in shrimp farming are shifting strongly from treatment-based approaches toward proactive prevention through environmental and pond ecosystem control.

Vietnamese tilapia faces mounting challenges in seed supply, capital, and export markets

 |  08:37 17/05/2026

(vasep.com.vn) After a period of strong growth, with export turnover reaching USD 38 million in Q1/2026 — up 174% year-on-year — the sector’s rapid expansion clearly reflects growing market opportunities.

ASEAN: A promising market for Vietnamese pangasius exports

 |  08:18 15/05/2026

(vasep.com.vn) In the first quarter of 2026, Vietnam’s pangasius exports to the ASEAN bloc reached USD 44 million, up 7% compared to the same period in 2025. After falling to the lowest level of the quarter at USD 9 million in February — reflecting the seasonal slowdown in orders after the festive period — exports recovered strongly to USD 18 million in March, the highest monthly value of the quarter. This development shows that import demand for pangasius in ASEAN remains relatively stable despite short-term fluctuations.

Vietnam’s swimming crab fisheries recognized as comparable under the US MMPA

 |  10:51 13/05/2026

(seafood.vasep.com.vn) On May 11, 2026, the US National Oceanic and Atmospheric Administration (NOAA) announced a positive comparability finding for Vietnam’s swimming crab fisheries, along with those of Indonesia and Sri Lanka, under the Marine Mammal Protection Act (MMPA). With this decision, seafood and seafood products harvested from Vietnam’s swimming crab fisheries will continue to be eligible for import into the US market.

Vietnamese tuna regains growth momentum in

 |  08:44 12/05/2026

(seafood.vasep.com.vn) After a slowdown in 2025, Vietnam’s tuna exports to Germany showed more positive signs in the first quarter of 2026. However, the recovery remains uncertain as consumer demand in Germany is still cautious, while market competition is increasingly driven by pricing and supply stability.

Israel increases imports of Vietnamese tuna: what opportunities for businesses in 2026?

 |  09:04 08/05/2026

(seafood.vasep.com.vn) After a sharp decline in 2025, Vietnam’s tuna exports to Israel are showing positive signs of recovery in the early months of 2026. According to Vietnam Customs data, export turnover to this market grew steadily month by month in Q1/2026, reaching nearly USD 10 million, up 33% compared to the same period in 2025. However, compared to Q1/2024, this level remains significantly lower, indicating that the recovery is still in its early stage following last year’s strong adjustment.

U.S. whitefish market in early 2026: slowing demand, rising competition, and new pressure on pangasius

 |  08:48 06/05/2026

(seafood.vasep.com.vn) Entering 2026, the U.S. whitefish market has shown complex developments as global cod supply continues to tighten, while the U.S. trade environment becomes less stable. In this context, the U.S. market has had to become more flexible in sourcing alternative whitefish. However, relying heavily on Alaska pollock is not a long-term solution, as it is a strictly managed fishery with quotas and sustainability regulations, limiting any rapid increase in output to offset cod shortages.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC