On October 14, the People's Committee of Khanh Hoa province announced that it has a plan to expand the pilot model of developing high-tech marine farming in the province.
This plan aims to concretize Notice No. 947 of 2024 of Khanh Hoa Provincial Party Committee, the conclusion of the Provincial Party Committee Standing Committee on expanding the pilot model of developing high-tech marine aquaculture in Khanh Hoa; gradually realizing the goal of making Khanh Hoa a province with strong and sustainable marine economic development, contributing to environmental protection, ensuring national defense, security and sovereignty over seas and islands in the spirit of Resolution No. 09 of the Politburo.
According to the plan, from now until 2029, Khanh Hoa wants to expand about 240 hectares of high-tech marine farming and needs a funding source of more than 545 billion VND.
Accordingly, the estimated budget for converting cages using traditional materials to cages using HDPE plastic materials in phase 1 (from now until the end of 2025) is used to expand the pilot model of high-tech marine farming on a scale of 30 hectares (about 150 households), with a total estimated budget of 75 billion VND.
Of which, Thien Tam Fund under Vingroup will support 25.3 billion VND to expand the high-tech marine farming model on an area of 14 hectares for 70 households. People will contribute 14.1 billion VND, bringing the total cost for this model to 39.4 billion VND.
For the remaining 16 hectares, the total estimated cost is about 35.8 billion VND, of which the provincial budget supports 10.7 billion VND, people contribute 14.3 billion VND and preferential loans from the Social Policy Bank and other credit institutions are 10.7 billion VND.
Phase 2 (2026 - 2027) expands the pilot model of high-tech marine farming to a scale of 100 hectares, with a total estimated cost of 225 billion VND. Of which, the provincial budget supports 67.5 billion VND; capital contributed by farmers is 90 billion VND; loan capital is about 67.5 billion VND.
Phase 3 (2028 - 2029) expands the pilot model of high-tech marine farming to a scale of 110 hectares, with a total estimated cost of 245 billion VND. Of which, the provincial budget supports 73.5 billion VND; capital contributed by farmers is 98 billion VND; loan capital is about 73.5 billion VND.
In Khanh Hoa, the pilot high-tech marine farming in the open sea area of Cam Lap is a step in the process of concretizing the province's pilot project on developing high-tech marine farming. This project is being submitted to the Prime Minister for approval.
In the Vietnam Fisheries Development Strategy to 2030, with a vision to 2045, Khanh Hoa province has also set a target that by 2030, the proportion of fisheries will account for about 61% - 62% of the entire agricultural sector. Total fisheries output will reach 150,000 - 155,000 tons, of which aquaculture accounts for 40%.
Total value of aquatic production reached 11,500 billion VND. Aquaculture area reached 3,000 ha, of which saltwater and brackish water farming area reached 2,400 ha, freshwater farming area reached 650 ha.
Khanh Hoa province also aims to convert 100% of traditional cage farming to HDPE cage farming and offshore industrial farming by 2030, applying high technology and modern management methods.
