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Seafood exports expected to hit US$8 bil by 2020
Vietnam is forecast to earn a turnover of US$8 billion from exporting aquatic products in the next 10 years, according to the Ministry of Agriculture and Rural Development (MARD).
This is part of a draft programme to export seafood products till 2015 with a vision for 2020.
Deputy Minister of Agriculture and Rural Development Vu Van Tam said that the greatest challenge to the seafood export programme is how to associate export processing with material production, promote trade activities and control the quality of seafood products.
From now until 2020, the seafood sector will take the lead in the process of industrializing and modernizing agriculture, rural areas and farmers. The sector will get access to advanced and modern technologies and promote its trademarks in the domestic and international markets.
The European Union, Japan and the US will continue to be Vietnam’s leading export markets, making up 60-65 percent of its total export earnings.
Apart from potential markets such as Eastern Europe, ASEAN, Southern Europe, the Middle East and South America, Vietnam will continue to develop single markets such as China, Hong Kong, the Republic of Korea and Australia.
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