A SWOT Analysis of Aquaculture for Sustainable Management in Coastal Waters of Ba Ria-Vung Tau Province, Vietnam

Abstract

Aquaculture stands as a vital marine economic sector in Vietnam's coastal provinces, with specific significance in Ba Ria - Vung Tau. The steady growth of this sector plays a pivotal role in local socio-economic development. However, this growth has led to legitimate concerns about environmental sustainability and socio-economic progress. Building on the findings from sociological surveys conducted through questionnaires and comprehensive interviews in 2022, this article has applied the Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis method to pinpoint the existing issues that need attention in the aquaculture sector. Moreover, this study proposes strategies and guidelines for aquaculture development in a manner that ensures responsible environmental management while balancing economic growth with societal well-being. The aquaculture industry in Ba Ria-Vung Tau is presented with numerous growth opportunities, driven by the rising consumer demand for seafood consumption, ongoing technological advancements, and the pursuit of sustainable development goals. Yet, it has to navigate challenges such as resource scarcity, market competition, regulatory constraints, and the perpetual threats of climate change and disease. The industry's advancement is contingent on the collaboration of stakeholders to leverage strengths, address weaknesses, seize opportunities, and confront threats, all while minimizing adverse impacts on nature, ecosystems, and socio-economic aspects. To secure long-term sustainability, the industry must embrace prudent management practices, foster innovation, encourage collaboration, and proactively tackle these challenges. This work underscores the multifaceted nature of sustainable aquaculture and underscores the indispensable role of informed, forward-thinking management in ensuring its enduring viability.