Under the plan, the country's seafood exports are projected to rake in US$11 billion by 2020 with an average annual growth rate between 7 and 8 per cent. Aquaculture is expected to make up 65 per cent of the output.—Photo nhanong.com.vn

HA NOI (Biz Hub)— Viet Nam's fisheries sector will produce seven million tonnes of seafood by 2020, according to a master plan ratified by the Prime Minister last week.

Under the plan, the country's seafood exports are projected to rake in US$11 billion by 2020 with an average annual growth rate between 7 and 8 per cent. Aquaculture is expected to make up 65 per cent of the output.

The plan lays out ambitions to industrialise the sector by 2020, with a view to modernise the industry by 2030, while staying committed to sustainable and competitive development to integrate into the global economy.

The plan aims to improve the living standards of fishermen, protect the country's ecological environment and contribute to safeguarding national defence and security at sea and on islands.

In the lead up to 2020, around half of Viet Nam's fisheries workers will be trained and the average per capita income will triple, according to the plan.

The sector's total output is expected to reach 9 million tonnes between 2020 and 2030, 70 per cent of which will come from aquaculture. Export turnover is also projected to climb to $20 billion within the same time frame.

Around 80 per cent of workers in the sector will receive training, with measures in place to ensure the effective development of technology, environmental protection, production management and international co-operation. — VNS