Khanh Hoa (VNA) – Managers, experts and producers of the seaweed business gathered to discuss growth outlook for the sector at a workshop held by the Directorate of Fisheries in Nha Trang city, the south central province of Khanh Hoa, on March 9.

According to the aquaculture division, Vietnam is home to over 800 seaweed species, with total natural reserves estimated at between 80 and 100 billion tonnes. However, the reserves are declining due to over exploitation and environmental pollution.

A representative from the Research Institute for Marine Fisheries said that seaweed harvest must follow right seasons and techniques to improve yield and protect the sources.

He proposed building seaweed reserves to protect genetic sources.

As heard at the function, seaweed cultivation in the country span over 10,000 hectares, mostly in northern and central coastal areas, and produce more than 101,000 tonnes of fresh seaweed per year.

Participants agreed that there is a need to expand the farming area spanning the coastal line across Vietnam, apply advanced technology in seaweed production, and diversify away from current products.

Le Nhut, head of the Dai Duong JSC – a company majors on seaweed planting, processing and exporting, said the business brings in high profit at low risk, but requires strong investment.

He noted that the State should devise policies to support farmers in accessing preferential loans and encourage small-scale producers to work together, forming supply chains.- VNA