Vietnam seafood industry grew impressively

At the conference “Seafood Export Development Program by 2015 andVision to 2020”, Deputy Minister of Aquaculture and Rural Development– Luong Le Phuong said that Vietnam seafood industry has seenimpressive growth, however, in the next time it is necessary to selectkey products to exploit. According to Mr. Phuong, top priority productsare tuna, lobster and clam. 

In term of state management, Mr. Phuong said that there should be policies to encourage linkages and strict treatment for violation cases, the state should also boost trade promotion and look for markets. If above mentioned measures is implemented well, Vietnam’s seafood export turnover by 2015 can reach US$7 billion – US$8 billion. 

Although engaging in seafood export market later than many countries in the world, Vietnam’s seafood export has grown quickly thanks to suitable selection of market segments and application of advanced quality management systems.

For example in 2009 and 2010, Vietnam has been one of 5 largest frozen shrimp export countries to Japan. It is forecasted that in 2010, Vietnam’s total seafood export value would reach more than US$4.5 billion.

Currently, Vietnam exports seafood to 164 countries and territories with such main products as shrimp, pangasius, squid, marine fish and frozen clam.

According to the Ministry of Agriculture and Rural Development, with the sustainable development target of seafood processing and export industries by 2015, Vietnam strives to maintain its export growth rate from 8 – 10% per year, its export value would reach more than US$6.5 billion. By 2020, Vietnam’s seafood processing and export industries would have strong brand and reputation in the market with export value at US$ 8 billion.

This information from Vasep


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