Vietnam eyes 7,000 ha of shrimp farming on sandy land by 2025
Vietnam aims to expand shrimp aquaculture on sandy land to 7,000 hectares by 2025, produce some 110,000 tonnes per crop, and ensure 70 percent of these areas have developed infrastructure.
Vietnam aims to expand shrimp aquaculture on sandy land to 7,000 hectares by 2025. (Photo: VNA)
Hanoi (VNA) –Vietnam aims to expand shrimp aquaculture on sandy land to 7,000 hectares by2025, produce some 110,000 tonnes per crop, and ensure 70 percent of theseareas have developed infrastructure, according to the Directorate of Fisheriesat the Ministry of Agriculture and Rural Development.
Shrimp aquacultureon sandy land will help the country use unproductive sandy land along coastalareas to cultivate high-value brackish shrimp, bringing more jobs and economicbenefits to local residents, the directorate said.
The directorateplans to only raise shrimp in areas with sufficient surface water to reduce theuse of ground water, which is limited in central Vietnam. It will also takeinto account effects of climate change and apply advanced technology to savefresh water.
The state agencywill encourage private sector investment in shrimp farming on sandy land todevelop self-contained shrimp ecosystems.
It will formulate amaster plan to facilitate shrimp growing on sandy land in central provinces aspart of the national action plan to develop the shrimp industry in Vietnam by2025 and invest to develop infrastructure for areas of large-scale shrimpproduction.
In addition, it willset tight controls on production input – such as breeds and feeds – environmentmanagement, disease prevention, and food safety, and encourage cooperationbetween shrimp growers, input suppliers and distributors.
In 2016, Vietnam hadmore than 3,700 hectares of shrimp farming on sandy land across 14 centralprovinces, generating some 41,700 tonnes per crop. Binh Thuan had the most area,accounting for 28 percent of the country’s total. It was followed by Ninh Thuan(18 percent), Phu Yen (16 percent) and Thua Thien-Hue (14 percent).
Quang Nam producedthe highest yield of more than 20 tonnes per hectare, followed by Quang Ngaiwith 17 tonnes per hectare.-VNA
The International Trade Commission (ITC) of the United States has recently voted to extend antidumping duties on frozen shrimp imports from Vietnam, China, India and Thailand for another five years.
Rising sea levels have exacerbated saline intrusion and coastal erosion in Vietnam, but farmers can make the best out of a bad situation by shifting from agriculture to aquaculture, raising brackish water shrimp.
A conference was held in the central province of Ha Tinh on May 16 to seek ways to sustainably develop sand-based shrimp farming, for which the central coastal region holds huge potential.
The Mekong Delta province of Ca Mau aims to earn 2 billion USD from shrimp exports by 2020, according to the provincial Department of Agriculture and Rural Development.
The Ministry of Industry and Trade (MoIT) is working with Australia’s relevant agencies towards the early lift of Australia’s ban on the import of shrimp and uncooked shelled shrimp.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.