The project, which began in 2012, includes four components: strengthening institutional capability for sustainable fishing management, practising sustainable fish farming, sustainably managing coastal seafood exploitation and project management.
Until now, the project has supported the establishment of 50 GAP zones over an area of 11,000 hectares with the participation of nearly 8,700 households, 32 areas of farming various species with 2,500 households.
The project has also provided training for 19,708 farmers and supported the establishment of 97 co-management teams in eight central provinces involving 13,812 fishermen. They manage 803 kilometres of seashore.
Binh Dinh and Phu Yen provinces have approved coastal areas managed by local communities with an area of nearly 83,000 hectares. Besides, 20 fishing ports have been upgraded, with six already completed and put into use.
At a conference held by the Ministry of Agriculture and Rural Development in Tuy Hoa city, Phu Yen province on March 13 to implement the project’s 2017 plan, Le Van Hien, head of the Management Board of Agricultural Projects under the ministry, stressed that the project has contributed to the sustainable development of the seafood sector in targeted localities.
However, many components of the project have not yet been done or implemented slowly, leading to the slow disbursement, which is only 53.7% or nearly VND1.145 trillion (US$51.3 million).
The remaining VND990 billion (US$44.4 million) needs to be disbursed as the project will finish in one year.
Hien recommended beneficiary localities focus on updating Vietnam’s fishing sector data, implementing policy studies and upgrading infrastructure for GAP zones.
Pham Ngoc Sao, Director of the CRSD Project, suggested the Directorate of Fisheries soon support the project in building a united management mechanism to manage and use fishing ports effectively.
Source: VNS
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(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.
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