Sapien Group (Korea) proposes to invest in lobster farming area for export in Phu Yen

On June 9, Comrade Ho Thi Nguyen Thao, Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee, had a working session with Sapien Vietnam Group and its strategic partner from Korea - Suhyup Mokpo Fisheries Cooperative Federation. Representatives of leaders of departments, branches, and leaders of Song Cau Town People's Committee attended the meeting.

Working session scene. Photo: MY LUAN

At the meeting, the investor representative gave an overview of Sapien Group and its partner Suhyup, a leading unit in the field of fisheries cooperatives in Korea. At the same time, they proposed a project to develop the Vietnamese lobster industry; in which they proposed to implement a pilot phase on an area of 500 hectares of water surface in Phu Yen province in 2025 before expanding to neighboring provinces; creating a global lobster supply chain that ensures food safety and traceability requirements. The project's goal is to modernize the lobster farming industry, build a closed value chain, apply high technology, promote official exports and develop a sustainable green economy.

According to the investor, this is a strategic breakthrough step to establish a provincial-level model marine farming area, fully integrating the following factors: high technology - CO/CQ traceability - ESG standards - international market linkage. The model not only plays a large-scale pilot role, but also serves as a foundation for replication and transfer to coastal localities in the coming period.

Vice Chairwoman of the Provincial People's Committee Ho Thi Nguyen Thao discussed with investors at the meeting. Photo: MY LUAN

Sapien Vietnam representative committed to implementing the project in the direction of sustainable development, complying with Vietnamese law and international standards, contributing to enhancing the Phu Yen seafood brand in the global market.

Through discussion and clarification of the investor's proposal, Vice Chairman of the Provincial People's Committee Ho Thi Nguyen Thao highly appreciated the investor's proposal as being consistent with the province's master plan for aquaculture development in the 2021-2025 period, with a vision to 2030, and consistent with the province's list of investment projects to attract in this period.

Representative of Sapien Vietnam Group proposed a project in Phu Yen. Photo: MY LUAN

Vice Chairwoman of the Provincial People's Committee Ho Thi Nguyen Thao hopes to work with investors to solve current difficulties in aquaculture, the project will create an input and export value chain, contributing to increasing income for people and above all, moving towards development according to a sustainable green economic model. The Vice Chairwoman of the Provincial People's Committee assigned departments, branches and localities to coordinate and guide investors to carry out procedures and implement the project in the coming time.

Source: https://baophuyen.vn/kinh-te/202506/tap-doan-sapien-han-quoc-de-xuat-dau-tu-vung-nuoi-tom-hum-xuat-khau-tai-phu-yen-22031f4/