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Can Vietnam Sustain Rapid Fisheries Growth?

by 5m Editor
24 August 2009, at 1:00am

VIETNAM - Vietnams fisheries sector has grown at about 18 per cent per annum during the 1998-2008 period - one of the fastest rates for the sector in the world - yet worries remain that the growth is not sustainable.

At a seminar on the impact of the World Trade Organisation entry on the fisheries sector held on August 20, the Ministry of Agriculture and Rural Development (MARD) said that Vietnam since 2001 has been listed among the top ten aquatic product exporters in the world, and, in 2008, the country jumped to sixth place in export turnover, third in aquaculture output and 13th in seafood catch.

Within two years of the WTO integration, the sector has achieved high growth rates, with 4.2 million tonnes in output and 3.8 billion USD in export turnover recorded in 2007, and 4.6 million tonnes and 4.6 billion USD in 2008.

The Vietnam Association of Seafood Exporters and Producers (VASEP) said Vietnam’s aquatic products now are sold to more than 160 countries and territories worldwide with the quality continuously improving.

5m Editor