Fishery sector aims for over 10 billion USD in export value
Nearly 5.3 million breeding shrimps and fish, and other aquatic species were released into the sea off the northern province of Quang Ninh on April 1.
Vietnam registered to invest US$303.5 million abroad in the first 11 months of this year, plus US$55 million worth of additional capital for existing overseas projects.
With its continuous growth over the past 10 years, ASEAN has become an important market for Vietnamese seafood, and the prospect of US$1 billion worth of yearly seafood export revenue is reachable.
The Vietnamese fishery sector needs a sustainable development strategy to stand firm in the world market for the long-run, experts have said.
The fishery sector needs to take actions to convince the European Commission (EC) to remove a “yellow card” warning on Vietnamese seafood so as to realise the set target of US$9 billion in export turnover this year.
The Aquaculture Vietnam 2017, the country’s first show on the fishery sector, is scheduled to take place in the Mekong Delta city of Can Tho from October 25 to 27.
Domestic and foreign experts and businesses in the fishery sector have discussed measures to improve the sector’s development capacity, with a focus on observing trade standards.
The crux of the matter is how to help farmers, fishermen and businesses find a way out of this crunch time to stabilize production and make a reasonable profit.
Vietnam’s fishery sector requires VND60,857 billion to implement its development strategy to 2020, claimed participants in a seminar in Hanoi on June 22.
Vietnam’s total seafood output reached 5.3 million tonnes in 2011, representing a year-on-year increase of 4.4 percent, according to the Directorate of Fisheries.