Fishing strategy approved

The Prime Minister has approved the development strategy for Viet Nam’s fishing industry that will be completed by 2020.

The Government needs an estimated VND57.4 trillion (US$2.9 billion) to implement the strategy, according to Decision 1690/QD-TTg.

Under the plan, the fishing industry will be industrialised and developed to increase output, improve quality, and enhance the industry’s competitiveness.

The plan aims to improve fishermen’s living standards, protect the country’s environment and secure the country’s coastline.

This strategy aims to increase production by 8-10 per cent per year and to export 6.5-7 million tonnes of seafood worth $8-9 billion by 2020.

Viet Nam will focus on developing freshwater fish, molluscs, sea fish, shrimp and crab sectors in the Hong (Red) River Delta. The country will also work to improve the tra fish and shrimp sectors in the East Sea and the country’s southern region so that the products are congruent with Global GAP standards. Plants will also be built in central Viet Nam to produce feed that will sell domestically and in ASEAN.

The country will co-operate with ASEAN countries to develop the fishing industry, according to the strategy.

Viet Nam expects to earn $4.5 billion in seafood exports this year. The country earned $2.9 billion from seafood exports during the first eight months of the year. — VNS

Tags: Vietnam fishing industry