In 2024, Vietnam’s fisheries sector marked an important milestone as export turnover reached more than 10 billion USD. This success is not only the result of coordinated efforts from the central to local levels, but also thanks to flexible management, the ability to seize market opportunities, and effective production organization. This is an important foundation for the fisheries sector to continue maintaining sustainable growth momentum in 2025.
According to Mr. Trần Đình Luân, Director of the Directorate of Fisheries (Ministry of Agriculture and Rural Development), this achievement is clear evidence of effective coordination among management agencies, the business community, and the people. He believes that with the current foundation, Vietnam’s fisheries sector will continue to reap greater success in the coming time.
FLEXIBLE MANAGEMENT, QUICK TO RESPOND TO THE MARKET
In the final months of 2024, the export market showed many favorable signs. The Ministry of Agriculture and Rural Development (MARD) and local authorities promptly adjusted production strategies to ensure sufficient raw materials for export. Products such as tuna, squid, and octopus not only maintained but also increased export value, helping the sector’s total turnover surpass the 10 billion USD mark.
The business community and localities have been quick to reorganize production and build effective linkage chains. This result is clear evidence of the fisheries sector’s restructuring toward sustainability and efficiency.
ORIENTING TOWARD GREEN AND SUSTAINABLE GROWTH
The fisheries sector is actively implementing improved production models to increase economic efficiency and reduce emissions to the environment. Although there is no mandatory requirement to reduce emissions, Vietnam is proactively meeting the stringent standards of international markets, affirming its position on the world seafood export map.
Mr. Trần Đình Luân said that integrated farming models combining fish, shellfish, and seaweed have proven sustainable, both reducing emissions and improving economic efficiency. In addition, the fisheries sector is also applying specific emission calculation tools to continue technical improvements, especially in shrimp farming, pangasius farming, and marine aquaculture.
DIVERSIFYING AQUACULTURE SPECIES
To maintain and develop export turnover, the fisheries sector is continuously diversifying cultured species. Alongside shrimp and pangasius, products such as eel and tilapia have begun to demonstrate export potential, especially in northern provinces. At the same time, the sector is effectively tapping the potential of freshwater aquaculture models in reservoirs and rivers.
In marine aquaculture, species such as oysters, seaweed, abalone, sea cucumbers, and marine fish are being promoted for development. The allocation of offshore water areas beyond 6 nautical miles to businesses for large-scale investment promises to create a breakthrough, making marine aquaculture one of the pillars of Vietnam’s fisheries sector.
TOWARD THE 2025 GOAL
With the impressive achievements of 2024 and clear strategic directions, Vietnam’s fisheries sector aims to maintain sustainable growth momentum in 2025. The combination of technical improvements, enhanced product quality, and diversification of cultured species will be the key to helping the fisheries sector continue affirming its position in the international market.
Source: Hồng Thắm
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