With a view to spurring seaweed cultivation, the ministry will submit a proposal to the Prime Minister to develop seaweed as a major product in the seafood industry.
According to General Director of the MARD's Directorate of Fisheries Tran Dinh Luan, Vietnam had some 16,500 hectares of seaweed that yielded 150,000 tonnes in 2023. Green caviar and Kappaphycus alvarezii plantation respectively gained farmers some 150-200 million VND (over 6,100 – 8,100 USD), and 60-80 million VND per hectare. The country has more than 887 kinds of natural seaweed with 88 varieties holding economic value that can be grown on a potential area of 900,000 hectares. With the global market growing 10% per year and a green consumption boom, the seaweed sector holds huge potential for further development. Kelp is an amazing carbon dioxide absorber. It is able to take in five times more carbon than most land-based plants, creating an opportunity to sell carbon credits through its cultivation.
However, Luan pointed out several challenges of the sector, with a shortage of cultivation standards, environmental pollution and climate change to name as a few. In the coming time, the sector will focus on the nearshore plantation of green caviar and gracilaria verucosa from the north central province of Thanh Hoa to the south central province of Binh Thuan. It will also develop offshore cultivation of Kappaphycus alvarezii and imported varieties in the northern province of Quang Ninh and Hai Phong city, the central provinces of Quang Ngai, Phu Yen, Khanh Hoa, Ninh Thuan and Binh Thuan, and the southern provinces of Ba Ria – Vung Tau, Ca Mau and Kien Giang/.
(vasep.com.vn) Through the first quarter of the year, in a context where the shrimp industry still faced many risks, shrimp exporting enterprises still showed efforts and determination in production and business.
(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
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