Vietnam approves plan to increase aquaculture output to 7 million MT by 2030
Vietnam has rolled out a plan to significantly increase its aquaculture production.
Under the plan, by 2025, Vietnam hopes to produce 5.6 million metric tons (MT) of farmed seafood per year – up 16.7 percent from the 4.8 million MT the country produced in 2021.
By 2025, the country said it will be able to produce more than half of its demand for black tiger shrimp broodstock, more than 25 percent of its demand for vannamei broodstock, and more than 70 percent of its demand for pangasius broodstock.
The plan targets raising the country’s aquaculture output to 7 million MT per year by 2030, which estimates will bring in about USD 12 billion (EUR 12 billion) per year of export value, up from the expected value of USD 7.8 billion (EUR 7.8 billion) per year in 2025.
By 2030, the country aims to have a capacity to produce more than 60 percent of its domestic demand for black tiger shrimp and vannamei broodstock, respectively, and 100 percent of its demand for pangasius broodstock.
With a coastline of more than 3,260 kilometers (2,026 miles) and numerous islands and bays, Vietnam has huge geographic potential for aquaculture, according to the plan.
In October 2021, Vietnam's government approved a strategy to develop its sea aquaculture sector until 2030 with a vision to 2045, focusing more on raising fish, lobsters, other crustacean species, mollusks, and seaweed. Under the strategy, the country is targeting 850,000 MT of marine aquaculture production, which could be raised to 1.45 million MT by 2030. It hopes to increase its ocean-farming activities to cover 280,000 hectares by 2025, increasing to 300,000 hectares by 2030.
Photo courtesy of David Nguyen VN/Shutterstock