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Vietnam’s seafood exports reach nearly US$7 billion by 2015

The Ministry of Agriculture and Rural Development (MARD) has recently held a workshop on seafood export strategy in 2011 – 2015 and vision to 2010. Accordingly, seafood export would reach about US$6.5 – 6.7 billion by 2015. The key markets remain EU, the U.S. and Japan accounted for 60 – 65%.

                All concentrated shrimp and pangasius farming areas of more than 1 ha will meet BAP or GAP standards and satisfy the traceability. Seafood production for export will reach 1.5 – 1.7 million MT. seafood raw materials for export processing of 3.2 – 3.5 million MT (of which domestic materials 2.5 – 2.6 million MT) will include 600,000 MT of farmed shrimp, 1.65 million MT of pangasius, 250,000 MT of clam, 165,000 MT of marine finfish, 200,000 MT of tilapia). Another 490,000 MT of raw material will come from catching and 600,000 – 700,000 MT from abroad.

The international market is not saturated, consumption demand in countries is till growing strongly. For many years, China has remained the largest seafood exporter in the world. However, this market is down in export volume due to loss of reputation for the quality and increasing domestic consumption demand. Therefore, China is able to become a seafood importing country. This is a great opportunity for Vietnam to earn US$8 – 10 billion from export seafood if good strategies and action plans are made.

 

Source: VASEP

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