Farmers catch lobsters in Song Cau Town of the central Phu Yen Province. The Agriculture and Rural Development Ministry plans to make lobster breeding a key economic sector of Viet Nam's central coastal provinces. - VNA/VNS Photo Phuong Hoa

HA NOI (Biz Hub) — The Ministry of Agriculture and Rural Development (MARD) aims to make lobster breeding a key economic sector of the central coastal provinces in Viet Nam.

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A MARD-approved project on lobster breeding to year 2020 with a vision to 2030 set the goal.

By the year 2020, the country aims to have a total volume one million cubic metres of water surface for breeding lobsters. The yield is estimated about more than 1,900 tonnes per year, bringing a turnover of VND3.2 trillion (US$145.4 million) yearly.

The volume of breeding cages is expected to increase to 1.41 million cubic metres by 2030 with annual output of 2,200 tonnes and economic value of VND4.3 trillion ($195.4 million).

The project also targets producing one million baby lobsters a year to ensure sufficient supply of commercially raised lobsters.

"Advanced and environment-friendly technology will be used to breed lobsters in the central provinces", said MARD deputy minister Vu Van Tam.

"Developing lobster breeding as an important economic sector will help to raise the locals' incomes as well as develop the marine economy", he said.

In the first phase (2016-2020) of the project, the breeders will raise lobsters in cages in bays and coastal areas. — VNS