Revenue from major agricultural products recorded a 13.6 per cent growth to $13.9 billion, while forestry exports rose 42.7 per cent to $11.2 billion, and aquatic products’ revenue increased 7.1 per cent to $0.6 billion. Exports of livestock hit $286...
The COVID-19 pandemic could provide a good opportunity for the Vietnamese fisheries sector to increase its share in oversea markets, especially with foreign rivals engulfed by lockdowns or other forms of restrictions.
Forty new enterprises in the agro-forestry-fisheries sector were set up in HCM City in the first three months of this year despite the impacts of the COVID-19 outbreak.
The fisheries sector in 2020 will focus on granting certification to brackish shrimp farms (tiger shrimp and white-leg shrimp), tra fish farms and aquaculture in cages.
The fisheries sector has set itself an export target of US$10 billion this year, the target set by the Government only for 2020, according to the Viet Nam Association of Seafood Exporters and Producers (Vasep).
Around VND164.8 billion (US$7.16 million) will be earmarked for technology transfer in the fisheries sector during the 2017-20 period to help in its restructuring.
The HCMC Development Commercial Bank (HDBank) has signed an agreement
with the Saigon Real Estate Joint Stock Company (SAIGONRES) to provide
credit and financial guarantees.
Viet Nam should reduce its dependence on fish seed imports to increase
its seafood export profits in the future, said Deputy Minister of
Agricultural and Rural Development Vu Van Tam.
The export value of the farming, forestry and fisheries sector saw a
slight year-on-year decline of 1.1 per cent in the first eight months of
the year.
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.