At the working session, Chairman of the provincial People’s Committee Duong Thanh Trung briefed the delegation on the strength and potential of the local industry.
Bac Lieu has a reputation for its agriculture, with its spearheaded economic sectors being aquatic farming and seafood processing for export, Trung said.
The province has more than 130,000ha of shrimp farms, each hectare annually yielding more than VND170 million (US$7,403) of profit on average. In early 2018, it began the construction of a high-tech agricultural park for shrimp farming, which spans 419ha across Hiep Thanh commune. The entire project costs VND3.217 trillion (US$138.33 million), considered the biggest of its kind in Southeast Asia and a step towards turning Bac Lieu into the centre of Vietnam’s shrimp industry.
The province also hopes to develop tourism development and calls for investment in the healthcare and private education sectors, the provincial leader added, mentioning the local potential for clean energies like wind and solar power.
Trung said he expects the field trip in Bac Lieu by the Israeli delegation will create favorable conditions for bilateral cooperation in the shrimp sector and other fields of common interest.
For his part, Youset Ayad said Nazareth city is looking for partnerships overseas and Bac Lieu in Vietnam is among its target destinations.
The delegation toured a number of local companies, which raise and process shrimps for export. They included the Viet Uc Bac Lieu JSC and Thien Phu Seafood Company.