Aiming for $1 billion in seafood exports by 2025, Khanh Hoa province is ramping up efforts to sustainably develop its fisheries sector, with a major plan to invest over VND 545 billion in expanding 240 hectares of high-tech marine farming by 2029.
Blessed with a 385km coastline, over 200 islands, sheltered lagoons, and deep-water ports, Khanh Hoa holds strong potential for aquaculture development. The province currently operates 3,416 fishing vessels, including 633 long-range boats targeting tuna and other offshore species. In 2024, wild catch is estimated at 103,000 tons, up 0.2% year-on-year, while aquaculture covers nearly 4,300 hectares with a harvest of over 22,570 tons, up 21%.
Beyond fishing and farming, Khanh Hoa is a key seafood processing hub with 149 facilities for domestic supply and 57 for export. In 2024, the province recorded seafood export earnings of approximately $850 million, up nearly 27%, accounting for 35–44% of its total export value.
To accelerate high-tech aquaculture, the provincial government issued Plan No. 1884 to implement a pilot program approved by the Prime Minister. Key support policies include occupational and natural disaster insurance for marine farmers, subsidies for transitioning from traditional to HDPE cages, as well as training, market promotion, and infrastructure investment.
Pilot high-tech farming in open sea areas has already yielded promising results, with average profit margins ranging from 112% to 172%, outperforming traditional wooden cage farming.
In addition, under National Assembly Resolution No. 55, Khanh Hoa benefits from special mechanisms including sea area allocation and tax incentives for marine farming activities. These policies are expected to create a supportive legal and business environment, paving the way for sustainable aquaculture development and helping the province achieve its ambitious export goal by 2025.