Indonesia and Vietnam collaborate on domestic lobster cultivation

Published Feb 5, 2024

Tridge summary

Indonesia and Vietnam are set to collaborate on domestic lobster cultivation, leveraging Vietnam's success in the field and Indonesia's abundant lobster seed resources. The countries have signed a Memorandum of Understanding (MoU) for the project, with Indonesia also considering the export of lobster seeds, potentially worth US$1.62 billion. The collaboration aims to attract Vietnamese investment in Indonesian lobster cultivation, according to the Indonesian Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono.

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Original content

Jakarta, CNBC Indonesia - Indonesia and Vietnam are ready to collaborate to cultivate lobsters domestically. Director General of Aquaculture at the Ministry of Maritime Affairs and Fisheries (KKP) Tb Haeru Rahayu said that Vietnam is one of the countries that has successfully cultivated lobsters. Indonesia itself has quite large natural resources of lobster seeds. So far, the lobsters that are exported and traded are the result of fishermen catching them at sea. "We also have an MoU with the minister of fisheries in Vietnam with an agreement that let's work together and work together," said Tb Haeru at the Indonesia Marine and Fisheries Business Forum 2024 at the Fairmont Hotel, Jakarta, Monday (5/2/2024). Apart from cultivating lobsters domestically with Vietnam, the government is also opening up opportunities to export lobster seeds. The potential for exporting Indonesian lobster seeds is quite large. "(The value of) US$ 1.62 billion is a lot but it is not included in state ...

Source: Cnbcindonesia