The province began experimenting with breeding the species in Klong Klanh village, Lac Duong district in 2006, said Nguyen Viet Thuy, project leader and head of the Quang Hiep Experimental Fish Breeding Station under the Research Institute for Aquaculture 3 (RIA3).
The pilot project was funded by the Lam Dong Province Department of Agriculture and Rural Development. With proper breeding techniques, salmon and sturgeon breeders could make 30 percent to 40 percent in profit, said Thuy, adding the margin had prompted local farmers to get in on the coldwater fish bandwagon and provincial authorities to plan to expand the cultivation of the fish to more than 50 hectares by 2010.
Kodong Ka Hoa, an ethnic Chil farmer from Tupoh village in Lac Duong district, plans to increase her salmon stock from 3,000 to 5,000 in the next breeding season. Hoa was one of the first farmers involved in the pilot project.
In the first season, Hoa made VND 199 million ($12,000/€8,500) from raising 3,000 salmon in 20 months.
A one year old salmon can reach an average weight of 1.2 kilograms, with breeders reaping an output of 30 tons per hectare. It costs VND 63,000 to VND 67,000 ($3.80-$4/€2.68-€2.82) per kilogram to raise salmon, but they sell for VND 150,000 ($9/€6.35) a kilo.
Salmon and sturgeon fries for the pilot study were bought from the northern highlands provinces of Lao Cai, which was where the first salmon and sturgeon eggs were hatched in the country in early 2005.
Several businesses in Lam Dong and Ho Chi Minh City are investing in fisheries in Klong Klanh village, Tuyen Lam and Da Nhim Lakes, according to Lac Duong district authorities.
The HCM City-based Hoang Pho Co. spent VND 5 billion ($302,400/213,300) to breed salmon and sturgeon there. Company 7-5, a subsidiary of Military Region 7, will spend VND 44 billion ($2.7 million/€1.9 million) on a fish breeding project there.
Last year, HCM City-based Ha Quang Co. successfully hatched sturgeon eggs, and raised the fish in cages in Tuyen Lam Lake in Da Lat.
The company imported the eggs and hatching techniques from Russia.
In March, the RIA3 Experiment Research Station for Aquaculture successfully hatched 90 percent of some 250,000 salmon eggs imported from Finland in Tuyen Lam Lake. Lam Dong province now harvests about 40 tons of salmon and 100 tons of sturgeon annually.
Vietnam imports an average of 1,500 tons of salmon from Europe annually, with local demand on the rise.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
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