Just as the forestry sector has tapped into the carbon credit market, the aquaculture sector, particularly seaweed farming, is emerging as a promising avenue with the potential to store up to 1,500 tonnes of greenhouse gas per square kilometre.

Boasting a diverse marine ecosystem, Vietnam has the conditions necessary for seaweed farming to meet domestic demand. However, the industry is yet to be fully tapped.

With a diverse marine ecosystem, Vietnam has favourable conditions for seaweed farming, which, however, have yet to be fully tapped.

Seaweed farming is growing as a lucrative business in coastal provinces, providing big income for farmers and helping improve local marine environment.

Farming of seaweed, a promising seafood product, will be encouraged, the Directorate of Fisheries has said.