Khanh Hoa to extend sea bass firm’s water surface rent to 2043
Khanh Hoa will extend barramundi (Asian sea bass) farming firm Australis Aquaculture Vietnam Limited’s water surface rent of 184 hectares to 2043, said the south-central province's Party chief.
While visiting the Australis Vietnam headquarters in Van Phong-Van Ninh Bay early this week, Secretary of Khanh Hoa's Party Committee Nguyen Hai Ninh added that the province would back the company's project of developing local aquaculture and tourism.
A barramundi farming area in Van Phong Bay, Khanh Hoa province, south-central Vietnam. Photo courtesy of pld.net.vn.
Australis Vietnam is among the biggest sea bass firms in the world with an annual output of 10,000 tons a year and a distribution chain of over 5,000 stores in the world. The firm currently farms eight million fishlings and expects an output of 15,000 tons in 2024.
The U.S.-headquartered firm has invested over $200 million in Khanh Hoa to develop seafish farming at industrial scale, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said last month. He added that Vietnam aims to have 300,000 hectares of sea for seafish farming at industrial scale in 2030, with an output of 1.5 million tons.
Barramundi has high economic value with prices between VND170,000-180,000 ($6.8-7.3) per kilogram in the week between November 11-18, according to the Vietnam Associaion of Seafood Exporters and Producers.
- Related News
- Read More
Vietnam seeks economic expansion at 8.3-8.5% this year: Prime Minister
Vietnam needs to achieve a GDP growth rate of about 8.3-8.5% this year, creating momentum to reach a double-digit level in the 2026-2030 period, said Prime Minister Pham Minh Chinh.
Economy - Wed, July 16, 2025 | 3:00 pm GMT+7
Vietnam targets $4.5 bln in cashew exports for 2025
Vietnam is aiming to export cashews worth $4.5 billion in 2025, up 2.7% year-on-year, according to the Ministry of Agriculture and Environment. To hit this target, the sector must generate around $2.2 billion in the second half.
Companies - Wed, July 16, 2025 | 1:31 pm GMT+7
Indonesia sees great opportunities to boost exports to Europe
The Indonesian Chamber of Commerce and Industry (Kadin) expressed optimism that the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA) will boost trade between the two sides.
Southeast Asia - Wed, July 16, 2025 | 1:24 pm GMT+7
Malaysia tightens export controls on US-origin AI chips
The Malaysian Ministry of Investment, Trade and Industry (MITI) has announced that all exports, transhipment, and transit of high-performance artificial intelligence (AI) chips originating from the United States will require a Strategic Trade Permit under the Strategic Trade Act 2010 (STA 2010).
Southeast Asia - Wed, July 16, 2025 | 1:21 pm GMT+7
Auto manufacturing project in central Vietnam raises investment by over $810 mln
Vietnamese automaker Kim Long Motor Hue JSC (Kim Long Motor) has received approval from Hue authorities to raise investment in its automotive manufacturing and assembly complex in the central city by VND21.18 trillion ($809.94 million).
Industries - Wed, July 16, 2025 | 12:40 pm GMT+7
State capital at FPT Telecom transferred to Vietnam's Ministry of Public Security
Vietnam's Ministry of Public Security has assumed the role of representing the state ownership at FPT Telecom, after taking over MobiFone in February.
Companies - Wed, July 16, 2025 | 12:12 pm GMT+7
Vietnam's steel giant Hoa Sen surpasses full-year profit target by 29% after 9 months
Hoa Sen Group (HSG), one of Vietnam’s leading steelmakers, reported a net profit of VND647 billion ($24.8 million) for the first nine months of its fiscal year starting October 2024, exceeding its full-year target set under an optimistic scenario by 29%.
Companies - Wed, July 16, 2025 | 8:17 am GMT+7
Northern Vietnam city receives $15.6 bln in pledged investment capital post-merger
Over $15.6 billion in investment capital was committed for the northern port city of Hai Phong on Tuesday, a record high.
Industries - Tue, July 15, 2025 | 11:12 pm GMT+7
Honda cements Vietnam motorbike market dominance with 10% sales growth
Honda Vietnam (HVN) reported a 10% year-on-year increase in motorcycle sales to nearly 2.3 million units in fiscal year 2025, which ended on March 31, according to the company’s annual report.
Companies - Tue, July 15, 2025 | 5:42 pm GMT+7
Foreign investors net buy over $497 mln on Vietnam's stock market from July 1-15
VN-Index, which represents the Ho Chi Minh Stock Exchange, dropped by 9.77 points to 1,460.8 on Tuesday, ending its seven-session gaining streak.
Finance - Tue, July 15, 2025 | 5:13 pm GMT+7
UPS eyes opportunities in Vietnam's free trade zone, airport projects
Leading global shipping and logistics firm UPS is eyeing business opportunities at the Danang city-based free trade zone and the Long Thanh International Airport in Dong Nai province.
Economy - Tue, July 15, 2025 | 3:58 pm GMT+7
Vietnam PM asks Marubeni to expand investment in gas-fired, offshore wind power
Marubeni should expand its activities in Vietnam in the fields of gas-fired and offshore wind power, export of electricity to ASEAN countries, and development of AI and big data, said Prime Minister Pham Minh Chinh.
Economy - Tue, July 15, 2025 | 12:21 pm GMT+7
Vietnam’s wood pellet industry needs production standardization to meet global demand: experts
Businesses should invest in developing dedicated raw material zones to reduce the Vietnamese wood pellet industry’s reliance on secondary supply sources and ensure compliance with legality and sustainability standards, said an expert.
Economy - Tue, July 15, 2025 | 9:18 am GMT+7
Riding out tariff turbulence, investment funds in Vietnam report strong growth gains
Many equity funds in Vietnam have posted strong growth returns, with gains exceeding 30% since the market’s April 10 trough in 2025, data collected by The Investor shows.
Finance - Tue, July 15, 2025 | 9:00 am GMT+7
Singapore supports businesses, workers amid US tariff pressures
The Singapore Economic Resilience Taskforce (SERT) has announced measures to help Singapore companies adapt to a new U.S. tariff.
Southeast Asia - Mon, July 14, 2025 | 10:11 pm GMT+7
Malaysia makes efforts to minimize US tariff’s impacts
Malaysia’s top export to the U.S. - electronics and electrical products - will face the biggest brunt of a 25% tariff hike that the U.S. has imposed on the country, said head of School of Business under the Monash University Malaysia Prof Nafis Alam.
Southeast Asia - Mon, July 14, 2025 | 10:08 pm GMT+7
