Vietnam eyes $1B from seaculture product exports by 2025
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Vietnam expects to rake in between 800,000 to $1 billion worth of sea culture product exports by 2025, according to a development project of the sector towards 2030 with a vision to 2045.
Also by the time, the total area of sea culture is set to hit 280,000 hectares with an annual yield of 850,000 tonnes.
By 2045, the sector is expected to contribute more than 25% of the country’s total fishery productivity, with its export value expected to exceed $4 billion.
Such goals require efforts to tackle bottlenecks and turn Vietnam’s sea culture into a large-scale production industry in a synchronous, safe, effective, environmentally friendly and sustainable manner.
According to the Ministry of Agriculture and Rural Development, the country now has about 7,447 sea culture establishments with a total area of 85,000ha.
The sector’s current growth is estimated at 23.3% annually.
Questions & Answers
Q.What is Vietnam's target for sea culture product exports by 2025?
What is Vietnam's target for sea culture product exports by 2025?
Vietnam aims to achieve between 800,000 to $1 billion in sea culture product exports by 2025. This target is part of a development project for the sector, with longer-term goals extending to 2045.
Q.What is the expected yield and area for sea culture by 2025?
What is the expected yield and area for sea culture by 2025?
By 2025, the total area dedicated to sea culture is projected to reach 280,000 hectares. This expanded area is expected to produce an annual yield of 850,000 tonnes of sea culture products.
Q.What proportion of Vietnam's total fishery productivity is expected from sea culture by 2045?
What proportion of Vietnam's total fishery productivity is expected from sea culture by 2045?
By 2045, the sea culture sector is anticipated to contribute more than 25% of Vietnam's total fishery productivity. Its export value is also expected to exceed $4 billion by this time.
Q.What is the current annual growth rate of Vietnam's sea culture sector?
What is the current annual growth rate of Vietnam's sea culture sector?
The sea culture sector in Vietnam is currently estimated to be growing at an annual rate of 23.3%. This growth is supported by approximately 7,447 sea culture establishments, covering an area of 85,000 hectares.
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