Ornamental fish are exported to more than 50 countries and territories with the EU taking the top spot among importers with 54%, trailed by Asia (30%) and America (12%).
HCM City aims to produce between 140-150 million ornamental fish this year, a year-on-year rise of 10-15%, and export around 18-20 million fish with a value of US$20-25 million,15-20% higher than one year earlier. The figures are expected to reach 150-180 million in fish output, and 40-50 million in fish exports by 2020.
The ornamental fish market is forecast to continue growing strongly as most businesses in the city are in need of strengthened links in production and domestic and foreign market expansion.
Cuong Ca Canh Vina Fish Farm Company in Binh Chanh District currently supplies more than 30 kinds of ornamental fish for both domestic and foreign markets. The company’s director Truong Trung Cuong said the major focus will be on potential markets in the EU and Asia to improve added value as the two markets have sustained a high rate of yearly growth.
In addition, trade promotion measures are being intensified to bolster exports and domestic consumption.