The aquaculture production of marine and partly-marine species in Vietnam showed a notable growth, reaching a value of $11.36 billion USD in 2023. From 2013 to 2018, the industry experienced significant year-on-year growth rates, peaking at 46.54% in 2014 and 30.62% in 2019. The CAGR over the last five years has been 11.85%, indicating a steady upward trend. More recent years have shown moderate growth, with the year-on-year increase being 8.02% in 2023.
Looking forward, the forecast through 2028 suggests a 5-year CAGR of 4.85%, with an overall growth rate of 26.73%. Despite the slower growth rate compared to past performance, the industry is expected to continue its expansion, driven by technological advancements, increased demand, and favorable government policies.
Future trends to watch for include the impact of climate change on marine ecosystems, the adoption of sustainable aquaculture practices, and the potential for new market opportunities in export and domestic markets. Enhanced investment in research and development, as well as regulatory reforms, will play a pivotal role in sustaining the industry's growth trajectory.
