Vietnam intends to make seaweed production a key sector of the fishing industry

Published 2024년 1월 23일

Tridge summary

As global food demand is projected to rise by 70% by 2050, seaweed farming is being viewed as a sustainable and eco-friendly solution to meet this need. In Vietnam, despite having 88 species of seaweed that can be cultivated across an estimated 900,000 hectares, only about 16.5 thousand hectares have been utilized. To boost the industry, the Minister of Agriculture and Rural Development, Le Minh Hoan, has proposed the creation of a new value space and a Seaweed Producers Association.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to forecasts, by 2050, humanity's need for food will increase by 70%, which is equivalent to 5.4 billion tons per year. However, the ability of the agricultural sector to meet this demand is limited by land and fresh water shortages and is threatened by climate change. Seaweed farming is considered environmentally friendly because it can absorb CO2 5 times faster than trees. In addition, it is an aquatic species with a short life cycle and high biomass yield, capable of creating sustainable livelihoods for humans. This is why seaweed cultivation is of great interest today. According to the Department of Fisheries (Ministry of Agriculture and Rural Development), Vietnam has 88 species of seaweed that have economic value and can be grown at sea. The potential area is approximately 900,000 hectares. However, so far only about 16.5 thousand hectares have been developed in the country. This is an industry that has so much opportunity for growth, but also a lot of challenges. ...
Source: Fishretail

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.