Vietnam: Making seaweed a key economic sector of the fisheries industry

Published Jan 22, 2024

Tridge summary

By 2050, human food demand is forecasted to increase by 70%, posing challenges for the agricultural sector due to limited land and fresh water as well as the threat of climate change. Seaweed farming is considered environmentally friendly and has the potential to create sustainable livelihoods, with Vietnam having a potential area of 900,000 hectares but only utilizing about 16,500 hectares. The Minister of Agriculture and Rural Development in Vietnam has called for the creation of a new value space for the seaweed industry, including establishing a Seaweed Association and developing a strategy to activate the industry's potential values.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to forecasts, by 2050, human food demand will increase by 70%, equivalent to 5.4 thousand million tons per year. However, the agricultural sector's capacity to sustain this demand is limited by lack of land and fresh water and is threatened by climate change. While seaweed farming is considered environmentally friendly, because it has the ability to absorb CO2 5 times faster than trees, this is an aquatic species with a short life cycle and high biomass output. capable of creating sustainable livelihoods for people. That is the reason why seaweed farming is of great interest today. According to the Department of Fisheries (Ministry of Agriculture and Rural Development), in Vietnam there are 88 species of seaweed that have economic value and can be grown at sea; Potential area is about 900,000 hectares. However, so far the country has only exploited about 16,500 hectares. An industry with so much room for development but also many challenges. Many seafood experts believe ...
Source: Vov

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