Ky Ha Seafood Import Export CO., LTD   -  Hotline: +8435.479.3333  -  Address: An Hai Đong, Tam Quang, Nui Thành, Quang Nam.

Vietnam targets $10bn in seafood export revenues in 2020

Tran Dinh Luan, director of Vietnam's Directorate of Fisheries, says the country will aim to gross close to $10 billion from exporting seafood and aquatic products in 2020, an increase of 6.3% compared with 2019.

In 2019, export turnover was estimated at $8.6bn, reports Vietnam NewsIn 2020, output of fisheries products is expected to reach 8.2 million metric tons, an increase of 0.6% compared with 2019, said Luan. 

Vietnam forecasts pangasius fish output of 1.42m metric tons – the same volume in 2019 – and shrimp output at 850,000t, up 3.7%. 

For pangasius fish, the farming area is estimated to have reached 6,600 hectares in 2019, up 22% against 2018. Export turnover is forecast at $1.9bn for 2019. 

In 2019, the breeding area for brackish shrimp was estimated at 720,000 hectares, while the output reached 750,000t.

Deputy minister of agriculture and rural development, Phung Duc Tien, said the fisheries sector needs to address some shortcomings, such as fishing port infrastructure, processing facilities, and logistics services. He added it would focus on granting certification to brackish shrimp farms (tiger shrimp and white-leg shrimp), pangasius fish farms and aquaculture in cages.