return icon Vietnamnet.vn

Fish farms fail to thrive in Lam Dong

The farming of coldwater fish has failed to develop as expected in the Central Highlands province of Lam Dong, mired in distribution, investment and methodical difficulties.
The farming of coldwater fish has failed to develop as expected in the Central Highlands province of Lam Dong, mired in distribution, investment and methodical difficulties.

{keywords}

Tran Van Hao, Chairman of the Lam Dong Coldwater Fish Farming Association, said just 11 of 40 planned projects were launched in 2014, forming just 30 hectares of fish farms as against the targeted 350 hectares. These farms produced 200 tonnes of sturgeon, far below expectations.

Farming of coldwater fish, in particular sturgeon, is relatively recent venture in the country, beginning to develop five years ago in the provinces of Lam Dong and Lao Cai. Sturgeons are being bred with production reaching 700 tonnes in 2013, of which Lam Dong Province accounting for more than 50 percent.

A national plan envisaged harvests of 1,500 tonnes of coldwater fish by 2015 – 1,000 tonnes of sturgeon and 500 tonnes of salmon. However total production in 2014 was just 550 tonnes.

Hao said many enterprises that had initially invested in breeding coldwater fish had quit, and others had scaled back their operations.

Meanwhile, raising salmon requires large investments and meticulous care, forcing many firms to abandon it or shift to breeding for research purposes.

Hao admitted that the challenges in breeding coldwater fish had been underestimated. Several enterprises that have entered the business were learning on the job, and were not fully conversant with best breeding conditions and methods, he said.

Vu Ba Lien, farm manager with the Ngoc Mai Trang Company, said expensive imported feed, contaminated water and unusual rains had killed much of his salmon stock, and they had to switch to sturgeon and black carp.

Local farmers were excessively dependent on imported feed, with around 350 tonnes shipped in last year, he said.

Another problem was the illegal import of cheap sturgeon and salmon from China, which has seriously affected the local fish farming industry, he said.

It is estimated that around 2-3 tonnes of fresh sturgeon is illegally brought in from China into HCM City by air every day and sold at one-third the price of locally bred fish. .

Hao said that locally, sturgeon are bred in near natural conditions and harvested after 12-14 months when they reach a weight of around two kilograms. Chinese sturgeon, on the other hand, use growth stimulants and can be harvested after 4-6 months, making them much cheaper.

Several firms had recently begun importing Chinese sturgeon and putting them into fish farms in northern provinces for some time, so that they could be sold as locally-bred fish in the market, Hao said.

This meant that the local industry was likely to fall well short of the 2020 target of 100 hectares of farms producing 3,000 tonnes of coldwater fish, he added.

VNS

MORE NEWS

Experts suggest caution regarding investments in realty stocks

Real estate stocks have currently entered the medium-term recovery wave in the long-term downtrend, but the wave usually lasts three to six months.

VIETNAM NEWS HEADLINES MAY 28/2023

HCMC mapping its technological needs, prowess

VIETNAM BUSINESS NEWS MAY 28/2023

Seminar talks promoting African Continental Free Trade Area

VN to popularize personal digital-signature service

According to experts, personal digital signatures used for electronic transactions satisfy need for authentication of a user's identity. It will be an indispensable part in digital transformation and digital economy development.

VN businesses fret over worsening hardships by year-end

Vietnamese enterprises are facing extreme hardships, according to a report sent to the prime minister by the National Private Economic Development Research Board.

Many areas in Hanoi face severe water shortage

Many areas in Hanoi are facing a serious water shortage due to the surging demand during the prolonged hot weather.

Illegal 12-floor Phu Quoc hotel to be dismantled within next three months

Authorities in the southern island city of Phu Quoc have just asked the investor of a 12-storey hotel building that has been illegally built in Duong To Commune to dismantle their construction within three months.

Investors need to balance price, quality to succeed in social housing market

Investors who plan to participate in Viet Nam's social housing market in the future should balance selling price, construction quality and sustainability factors to succeed in the market, experts said.

Banks expect big change in charter capital in 2023

Charter capital of banks is expected to have a big change this year as four State-owned banks are considering an increase in capital while the State Bank of Viet Nam (SBV) has approved a capital hike for 21 private banks.

Local enterprises face tough times, survey reveals

Local enterprises were going through a particularly difficult situation, a survey conducted by the National Private Economic Development Research Board under the Government’s Advisory Council for Administrative Procedure Reform has revealed.

Market instabilities cause VN steel firms to adjust business plans

Many fluctuations in the domestic and foreign financial-economic markets have appeared, causing steel enterprises to adjust their business plans.

Some struggling projects start to post profits

The handling of 12 loss-making projects under the Ministry of Industry and Trade has seen improvements with some starting to earn profits or recovering production after dozens of years in stagnation.

Walmart consumes large volume of Vietnamese goods

Vietnam is currently among the top five countries that supply a large volume of commodities to the Walmart hypermarket chain, according to Sarah Thon, senior director of Global Government Affairs of Walmart.

Series of events scheduled to foster cashless payment in VN

A series of events and activities will be held under the 2023 Cashless Day to promote the adoption of non-cash payment and contribute to achieving the Government’s plans to drive Vietnam towards a cashless society.

Six cows killed in lightning strike in Son La

Six cows were killed in a lightning strike during heavy rain in the northern province of Son La on Friday.
back_to_top