Authorities in the central coastal province of Phu Yen will spend nearly 2.12 VND trillion (93 million USD) developing aquaculture from now until 2025.
According to Vice Chairman of the provincial People’s Committee Tran Huu The, the master plan on fisheries development by 2025 with a vision toward 2030 will involve aquaculture, harvest and processing and building infrastructure for fishing logistics, including breed stock production.
From now until 2020, the province will invest more than 1.45 trillion VND (64 million USD) in conducting 13 key projects that aim to boost sustainable fisheries development.
These projects include building Long Thanh aquaculture infrastructure system, upgrading infrastructure for the Hoa An aquaculture production centre in Song Cau town, building a fishing port, a tuna auction market and a tuna processing factory with a capacity of 1,800 tonnes per year in Tuy Hoa city.
In Song Cau town, the province will also construct a frozen seafood processing factory with a capacity of 3,500 tonnes per year and a factory to produce feed for lobsters, which can make 1,000 tonnes per year.
The master plan is aimed at giving a boost to local aquaculture and production, contributing to developing the local economy.
The province has set a target of reaching an average growth of 5.2 percent per year from now until 2030.