Topic: aquaculture

It is predicted that global shrimp production will rebound towards the end of 2024 and stabilize in 2025.

July 5-7 expo showcased the latest in aquaculture and seafood processing products.

Total output of Vietnam’s aquaculture in 2022 reached 717,000 tons.

Vietnam earned some $2.4 billion from tra fish exports in 2022, a 70 per cent increase year-on-year and surpassing the record of $2.26 billion posted in 2018.

The performance of the agriculture sector in the third quarter of 2022 saw some noteworthy points, such as rice production falling but livestock and aquaculture recovering quickly. Fisheries output in the quarter reached more than 2.4 million tons, up 2.8 per cent year-on-year.

According to the Directorate of Fisheries, the orientation in the fisheries industry is to reduce the catch and increase the output of marine aquaculture. To meet the target of seafood export turnover reaching $14-16 billion by 2030, it is necessary to introduce a major change in management along with preferential policies that are strong enough to support a large-scale aquaculture industry.

The “National Program for Aquaculture Development in the 2021-2030 period”, which has been signed and promulgated by Deputy Prime Minister Le Van Thanh, sets ambitious goals. By 2030, total aquaculture production is to reach 7 million tons a year, while annual export turnover will be $12 billion a year and annual growth in aquaculture value over 4.5 per cent.

Livestock production still faces many difficulties and ocean fishing has declined due to rising fuel prices. One bright spot in the agriculture sector is aquaculture, which has grown positively due to an increase in demand and rising export prices for key aquatic products. The exploitation of timber and forestry products has also been notable.