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Vietnam is among leading processed seafood exporters

Vietnam is among leading processed seafood exporters

Hanoi, Aug 18 (Prensa Latina) Vietnam will modernize the seafood processing industry to become one of the world's five largest processed seafood exporters by 2030, Nhan Dan (People) newspaper informed on Wednesday.
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This is the main objective of the Vietnamese fishery industry development project for the present decade, approved by the Government, the Communist Party’s official newspaper stated.

The goal by the seafood and sea product processing industry in general is to grow an average of six percent in annual volume and 40 percent in exports by 2030.

Shrimp shipments will be processed in 60 percent, tuna in 70 percent, squid and octopus in 30 percent, and pangasius (a highly esteemed white mass fish in Europe) in 10 percent.

By 2030, the domestic consumption of these and other exports will bring the country around 1.9 billion dollars, while foreign income will fluctuate between 14 billion dollars and 16 billion dollars.

Fishery is one of the 25 groups of products that each year bring the country an income of more than one billion dollars, but the immediate goal of the sector is to join the club of the six seafood processing companies that yield revenues in excess of 10 billion dollars.

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