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Economics and management strategies for restocking sandfish in Vietnam

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  • Strehlow, H.V.

Abstract

This paper assesses the costs and benefits of a proposed project for restocking sandfish (Holothuria scabra) in Khanh Hoa Province, Vietnam. It identifies the key stakeholders, institutional framework, management and financing required for its implementation. The recommended management strategy includes a 50 percent harvest at optimum size. Limiting the number of boats fishing an area, possibly through licensing, can control the number of sandfish removed. The easiest way to prevent harvesting of undersized sandfish is to control the size of processed sandfish from processors. The potential benefits of restocking are shown by the rapid changes in selected indicators, particularly the net present value, the internal rate of return, and the benefit-cost ratio. Probability analysis is used to estimate the uncertainties in the project calculations. Based on a conservative estimate, the restocking of sandfish is expected to be profitable, although cost-benefit analyses are sensitive to the survival of restocked sandfish and their progeny, and the number of boats fishing for sandfish in the release area.

Suggested Citation

  • Strehlow, H.V., 2004. "Economics and management strategies for restocking sandfish in Vietnam," Naga, The WorldFish Center, vol. 27(3-4), pages 36-40.
    • Handle: RePEc:wfi:wfnaga:38315
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    File URL: http://hdl.handle.net/20.500.12348/2063
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    Cited by:

    1. Roehlano M. Briones & Madan M. Dey & A. K. M. Mahfuzuddin Ahmed & Mark Prein & Ilona Stobutzki, 2008. "Priority setting for research on aquatic resources: an application of modified economic surplus analysis to natural resource systems," Agricultural Economics, International Association of Agricultural Economists, vol. 39(2), pages 231-243, September.

    More about this item

    Keywords

    Stocking (organisms); Echinoderm fisheries; ISEW; Vietnam; Central Coast; Khanh Hoa Prov.; Holothuria scabra;
    All these keywords.

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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