Vietnam eyes $1B from seaculture product exports by 2025

By VNA February 27, 2023 | 01:23 am PT

Fish caught in Quang Ngai Province in February 2023. Photo by VnExpress/Pham Linh

Vietnam expects to rake in between 800,000 to $1 billion worth of seaculture 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 seaculture 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 seaculture 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 seaculture establishments with a total area of 85,000ha.

The sector's current growth is estimated at 23.3% on average a year.