Authorities in the central coastal province of Phu Yen will spend nearly VND2.12 trillion (US$93 million) developing aquatic resources from now until 2025.

According to provincial Deputy Chairman, Tran Huu The, the master plan will involve aquaculture, harvest and processing and building infrastructure for fishing and logistics, including breed stock production.

From now until 2020, the province will invest more than VND1.45 trillion in conducting 13 key projects setting up sustainable development for aquatic resources. These projects include building Long Thanh aquaculture infrastructure system, upgrading infrastructure for the Hoa An aquaculture production centre in Song Cau Township, 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 Township, 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 the potential of local aquaculture and production in modernisation, contributing to developing the local economy. The province has set a target to reach an average growth of 5.2 per cent per year from now until 2030. — VNS