Economic challenges of the export-oriented aquaculture sector in Vietnam

ABSTRACTThis article raises awareness regarding the new challenges associated with the supply chain of the export-oriented Vietnamese aquaculture sector, including market situation, exportation, feed industry, middlemen, and concepts for sustainable aquaculture, which policy makers, the industry, and business should consider for the sector’s future development. The article concludes that there is a lack of attention toward the need for sustainable and comprehensive action plans to increase Vietnam’s animal-based aquatic food exports, which can have many negative impacts on the environment, the economy, and society, such as low value-added, weak reaction toward international market fluctuations, limitations in traceability, food safety issues, and a lack of branding/eco certification.