The government plans to increase its aquaculture and fisheries revenues by 6.3 percent – to reach US $10 billion - in 2020, despite a projected increase of only 0.6 percent by volume.
The head of the directorate of fisheries, Trần Đình Luân, said that the seafood sector will focus on developing the quality of farmed products, such as tiger shrimp, whiteleg (vannamei) shrimp and pangasius, according to Viet Nam News. The directorate aims to reach a total fisheries output of about 8.2 million tonnes, including maintaining pangasius production at around 1.42 million tonnes and reaching 850,000 tonnes of shrimp, an increase of 3.7 per cent.
In a reaction to last year’s drop in shrimp prices, which saw Vietnam struggle in the face of stiff competition from India, Ecuador and China, the directorate has announced plans to promote supply chains to improve the quality of exported shrimp products.
