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Friday, September 30, 2022

Vietnam aims for annual US$12 billion in seafood exports

By Trung Chanh

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HCMC – The Government has launched the national program for aquaculture development from 2021 to 2030, setting a target of US$12 billion in yearly seafood exports.

The program is designed to develop the aquaculture sector amid climate change, to raise its productivity and ability to compete to meet domestic and global needs.

In specific, by 2025 the total aquatic output looks to reach 5.6 million tons annually, or US$7.8 billion in annual export turnover and 4 percent of aquaculture’s average growth rate.

Key infrastructure covering 30 aquatic cultivations and breeding areas will be enhanced with chains of production, processing, and consumption to ensure the outcome of over 30 percent of aquatic output.

By 2030, the total aquatic output is to reach 7 million tons per year, estimated at US$12 billion in annual export turnover and a growth rate 4.5 percent of aquaculture products.

Also, an additional 20 aquaculture cultivation and breeding area infrastructures will be improved to ensure the output of over 50 percent of aquatic products.

To achieve the target, the Government also introduced six implementation programs, such as the development of infrastructure and production systems, and the supply of aquaculture material and technology.

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