Vietnam: Seafood exports on the rise – Fishupdate.com

Vietnam: Seafood exports on the rise Published:  13 December, 2005

VIETNAM’S seafood exports are estimated to fetch US$2.6 billion this year, US$250 million more than last year and triple the figure of 1998, the year of implementation of the eight-year seafood export development programme, the Vietnam News Agency has reported.

The programme set the target of US$2 billion in export turnover in 2005. However, the country earned US$2 billion from seafood exports in 2002, meeting the target three years ahead of schedule. Vietnam recently carried out a programme to develop aquaculture and applied a number of policies on economic restructuring and farm produce. Thus aquaculture became the major supplier for exports.

The acreage under aquaculture increased to 955,439 ha in 2004 from 652,000 ha in 2000. The additional acreage was used for black shrimps, “tra” and “basa” catfish and bivalves.

Sea fishing supplied a large volume for export processing, making up 25% of for-export seafood as compared with less than 20% in 1998. In recent years, many seafood processing establishments with modern technology were built near material sources and service areas, bringing the total number of seafood processing plants to 439, with a combined capacity of 3,000 tonnes a day.

The percentage of processed products in exported seafood increased to 40-45% in 2005. Currently, 300 enterprises are licensed to export their products to the US, 171 to the EU and 295 to China. Those enterprises contributed more than 80% to the total seafood export turnover.

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