Seafood exports eye US $8 bln by 2020

VGP – Việt Nam expects to earn a turnover of US $8 billion from exports of aquatic products by 2020, according to the Ministry of Agriculture and Rural Development (MARD).

June 07, 2011 5:04 PM GMT+7

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This is part of a draft program on seafood exports till 2015 with a vision to 2020.

Under the program, the European Union, Japan and the US are targeted to continue to be Việt Nam’s leading export markets, which would account for 60-65% of the country’s total export turnover.

It also mentions expansion plans to potential markets like Eastern Europe, ASEAN, South Europe, the Middle East, and South America, and single markets such as China, Hong Kong, the Republic of Korea, and Australia.

MARD Deputy Minister Vũ Văn Tám, however, admitted that the program is facing the biggest challenges in processing export products, producing raw materials, conducting trade promotion programs, and controlling quality of seafood products./.

By Kim Anh