In 2023, Vietnam's total aquaculture production reached approximately $13.9 trillion USD. This represents a year-on-year growth rate of 3.78% from 2022. Over the past decade, the sector has experienced a generally upward trend, with periods of accelerated growth, like in 2018 at 14.96%, and occasional slowdowns, notably in 2020 with a contraction of 2.41%. Looking at the recent five-year span, the sector has recorded an average annual growth rate (CAGR) of 4.5%.
Going forward, the forecasted data for 2024 suggests continued growth, reaching approximately $14.4 trillion USD with an anticipated CAGR of 2.75% over the next five years. By 2028, the total production is expected to be around $16.5 trillion USD.
Future trends to watch for include advancements in sustainable farming practices, technology-driven yield optimizations, and the potential impact of environmental regulations. Additionally, global market demand and trade policies will play crucial roles in shaping the sector's trajectory.
