Vietnam regional fishing industry economic trends

The fishing industry in Vietnam's central coastal regions has shown varying economic outcomes across different sectors and locations.

In Quảng Ngãi, fishermen have reported high profits from an off-season anchovy harvest. At the Tịnh Kỳ fishing port, vessels returning from the Lý Sơn sea area have reported nightly catches ranging from 2 to 13 tons, with some reaching several dozen tons. These anchovies are processed into dried fish for domestic and export markets.

In Da Nang, the industry shows significant economic disparities. Squid jigging has become highly profitable, with boat owners reporting approximately 1 billion VND in profit per trip. However, other methods like purse seine and gillnetting are struggling due to rising fuel and commodity costs, despite a 20-30% increase in catch volume. Da Nang has also focused on digital transformation and combating illegal, unreported, and unregulated (IUU) fishing, achieving 100% registration for vessels over 6 meters in the national database.