Sunday, November 24, 2024 6:38:03 PM - Markets open
VN-INDEX 1,228.10 -0.23/-0.02%
HNX-INDEX 221.29 -0.47/-0.21%
UPCOM-INDEX 91.70 +0.20/+0.21%
Large potential for mariculture
Vietnam News - 8/18/2023 4:02:25 PM
 (0 ratings. You must sign in to rate.)

 There was significant potential for Việt Nam to expand marine farming but the focus must be placed on establishing mariculture models which applied modern technologies and sustainable solutions, experts said.

Trần Công Khôi from the Vietnam Directorate of Fisheries under the Ministry of Agriculture and Rural Development, said at a workshop held by Vietnam Agricultural Extension Centre on Wednesday, that Việt Nam had around 500,000ha of water surface that could be used for marine farming, meaning that the potential of mariculture was huge.

Khôi said that the reduction of coastal marine exploitation was inevitable and nothing could replace it better than mariculture. He said that the potential for coastal exploitation was around 3.9-4 million tonnes while the exploited volume was 3.6 million, close to the threshold.

According to Nguyễn Hữu Dũng, President of Việt Nam Seaculture Association, although the potential was large, mariculture in Việt Nam was mainly of small scale run by farmer households with limited application of modern techniques and high risk to cause harms to the environment.

There was also a shortage of linkage in seaculture with no control over quality. In addition, it was difficult for farmers to access credit because their rafts were not recognised as mortgage assets.

Đặng Xuân Trường from the Vietnam Agricultural Extension Centre said that the application of modern technologies in marine farming still faced many difficulties, adding that many technologies were not suitable for the investment capacity of farmers and the situation of each region.

It also took time to change the awareness of farmers in marine farming and encourage them to switch to new models to increase efficiency and protect the environment, Trường said.

He added that it was also necessary to enhance linkage in the production of marine farming to reduce costs.

Sustainable solution

According to Dũng, the national marine spatial planning, which was the basis for the planning of mariculture, was behind schedule. The progress of approval of the planning must be sped up.

After that, there should be policies to call on farmers and companies to invest in mariculture and apply new technologies in farming. To do that, it was necessary to have stable planning and clear policies, she said.

It was also necessary to speed up the development of standards related to mariculture, he said.

Dũng added that there should be standards for rafts and allow farmers to use their rafts as collateral for bank loans.

Insurance products for mariculture should also be developed, he said.

Nguyễn Thị Hải Bình, general director of STP Group, said that the development of mariculture should be associated with tourism to increase added value for farmers and ensure environmental protection.

Establishing chains in mariculture in combination with tourism was a good model, she said.

Khôi agreed, said that it was a good idea to develop farming cities on the sea where tourists could visit. He said that solutions harmonise the development of tourism and aquaculture should be raised.

Khôi added that the focus should also be placed on expanding markets for products of mariculture. Each market had its own requirements, and the marine farming must strive to meet the requirements to be able to expand exports. — VNS

Read original article herec

Newer News
23/11 VN's food processing industry struggles to improve quality and value chain integration
23/11 Car imports increase 37.5 per cent in 10 months
22/11 Vietnam resolved to boost digital economy with national action plan
22/11 General Department of Customs warns of tax evasion schemes in steel imports
21/11 VN must diversify its textile export markets
21/11 Shrimp exports surge in 10 months, generating US$3.2 billion
21/11 Vietnam aims to increase rice market share in Africa
20/11 Trade growth between Vietnam and Americas promoted by FTAs
20/11 Enterprises urged to tap potential to expand official exports to EU
19/11 Solutions discussed to ensure coal supply for electricity generation in 2025
Older News
16/08 Recently signed FTA to boost Vietnam, Israel economic, trade relations
15/08 Vietnam's seafood exports forecast to reach $9b in 2023
15/08 Việt Nam’s economic growth projected to rebound from 2024
08/08 VCCI disagrees with bank ownership ratio reduction
08/08 Power enterprises see bright future despite poor results in Q2
03/08 Wooden products begin to get export orders again after lull
03/08 Opportunities for Việt Nam to boost rice exports: official
03/08 Higher electricity prices aim to boost economic development
02/08 Wooden products begin to get export orders again after lull
01/08 Trade surplus reaches US$15.23 billion in seven months
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,228.10 -0.23/-0.02%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.