Last updated: Monday, April 22, 2019


Vietnam’s Fisheries Sector Aims for US$9 Billion Export Turnover in 2018

Posted: Thursday, January 18, 2018

Vietnam’s fisheries sector has set a target of earning US$9 billion from exports in 2018, while increasing its production value by 5.3 per cent-5.8 per cent compared to 2017.

The information was released at a conference held by the General Department of Fisheries, in Hanoi, on January 16, to devise the plans for this year.

Accordingly, the total output of aquatic products is expected to reach from 7 to 7.5 million tonnes, up 3.8 per cent over last year, including 3-3.5 million tonnes in fishing yields and 4 million tonnes in farming productivity.

Specifically, the sector aims for 750,000 tonnes of shrimp (up 3.6 per cent) and 1.3 million tonnes of tra (pangasius) fish (up 3.9 per cent).

The year 2017 saw the highest ever growth in the fisheries export revenue with US$8.3 billion, up nearly US$1 billion compared to 2016. The sector’s increase in its production value and output brought the sector to the highest position in terms of agricultural exports in the past year.

Deputy Minister of Agriculture and Rural Development Vu Van Tam said that in order to reach the target, the industry should give priority to high-tech shrimp and tra fish farming and processing models.

He also noted that until June 30, drastic solutions need to be implemented according to the EU's recommendations for the removal of the yellow card.


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