Vietnam plans to produce 500,000 tons of seaweed by 2030

Published Feb 16, 2024

Tridge summary

The Vietnamese Ministry of Agriculture and Rural Development (MARD) is set to propose a plan to the Prime Minister to make seaweed a key product in the seafood industry. Despite challenges such as pollution, climate change, and lack of growing standards, the country, which has over 16,500 hectares of seaweed farming land and 887 naturally occurring species, sees potential for growth in this sector. This is due to the global market's 10% annual growth and a surge in green consumption. The plan includes a focus on coastal plantations and the development of marine seaweed farming in various provinces.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

To encourage seaweed farming, the ministry will submit a proposal to the Prime Minister to develop seaweed as a staple product in the seafood industry. According to MARD Fisheries Director General Tran Dinh Luan, Vietnam has about 16,500 hectares of land, of which 150,000 tons were harvested in 2023. The country is home to over 887 species of naturally occurring seaweed, 88 of which have economic value and can be grown over a potential area of 900,000 hectares. With the global market growing at 10% per annum and a boom in green consumption, the seaweed sector has enormous potential for further development. However, Luan pointed out several challenges for the sector, including lack of growing standards, pollution and climate change, to name a few. In the near future, the sector will focus on coastal plantations from the north-central province of Thanh Hoa to the south-central province of Binh ...

Source: Fishretail