Aquaculture Sector Eyes US$11 Bln Export Revenue
Aquaculture exports would fetch US$11 billion, accounting for 2.8-3% of the gross domestic product by 2020, according to the Vietnam General Department of Fisheries.
Under a draft plan on aquaculture sector development, the Department estimated that Vietnam needs to maintain the sector’s growth rate of 8-10% annually to realize the aforesaid objectives.
The sector targets to increase the aquaculture output to 7 million tons and processed volume to 2.95 million while creating five million jobs with average pe rcapita income tripling the current levels.
The plan says Vietnam will boost direct aquaculture exports to foreign countries’ major distribution and trade channels and supermarkets.
The country will also formulate trade promotion centers in key markets like the US, Japan and the European Union.
The plan is currently open for comments.
VGP
Vietnamese
