Indonesia Accelerates Implementation of Lobster Cultivation Cooperation with Vietnam

The Indonesian government and Vietnam are accelerating the implementation of cooperation in lobster cultivation in the country. This implementation takes the form of opening the door to investment in lobster cultivation by Vietnamese business actors in Indonesia.
“Regarding the development of BBL, there is already an MOU, it remains at the Technical Implementation Agreement level. As a follow-up, we will create a team for this collaboration,” said Minister of Maritime Affairs and Fisheries Sakti Wahyu Trenggono in a written statement, Friday (22/3/2024).
This was expressed by him during a bilateral meeting with Vietnam’s Deputy Minister of Agriculture and Rural Development Phung Duc Tien at the Meet Indonesia event in Nha Trang, today. He explained that collaboration in developing lobster cultivation would provide benefits for both countries.
“Lobster cultivation in Indonesia will grow in terms of quantity and quality, while Vietnam gets clear lobster seeds as raw material for legal lobster cultivation,” he explained.
He said this collaboration is also a solution to suppress the illegal practice of trading lobster seeds which has been proven to threaten the sustainability of the ecosystem and is detrimental to the country. BBL smuggling practices also include IUU Fishing which is prohibited globally.
“In the future, we can create a hatchery for lobster development. We will maintain the quality and price so that it benefits both parties,” said Trenggono.
Additionally, Minister of Maritime Affairs and Fisheries (KKP) Sakti Wahyu Trenggono said that fisheries collaboration between Indonesia and Vietnam has the potential to make the two countries fisheries champions in the region. Trenggono even believes that he is not only a champion in the region, but even at the global level.
“If Indonesia and Vietnam unite, these two countries will become a power in the region,” said Trenggono in a written statement, Thursday (21/3/2024).
Meanwhile, Phung Duc Tien said that lobster cultivation has an important role in encouraging economic growth in his country. For this reason, his party focuses on maintaining the quality of cultivation and sustainability of these shell fishery commodities. Regarding follow-up cooperation, there are already several Vietnamese companies that meet the requirements of the two countries. He proposed a hotline as an official communication channel to accelerate the realization of agreed fisheries cooperation.
“There are several companies in Vietnam that meet the requirements of both countries, and I hope that from Indonesia there will be a draft cooperation document for this in the future,” he said.
As additional information, in the bilateral meeting, the two also discussed the potential for cooperation in developing seaweed, shrimp, tilapia, crab and tuna cultivation. This is a joint step to meet the needs of fishery products in the global market.

March 21, 2024, detikFinance
(https://finance.detik.com/berita-ekonomi-bisnis/d-7255837/ri-percepat-implementasi-kerja-sama-budidaya-lobster-dengan-vietnam)
(https://finance.detik.com/berita-ekonomi-bisnis/d-7253728/kolaborasi-perikanan-ri-vietnam-trenggono-jadi-kekuatan-di-kawasan)