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Viet Nam Seafood Exports Projected to Reach $8.5 billion in 2015

05 January 2015

VIET NAM - According to Deputy Minister of Agriculture and Rural Development Vu Van Tam, the objective of the fisheries industry in 2015 is to increase annual export value by 10.7 per cent to $8.5 billion.

Total seafood production in 2015 is expected to reach 6.65 million MT, up 5.5 per cent year on year, reports VASEP.

Capture output is forecast to be 2.7 million MT, up 0.7 per cent year on year while aquaculture products are 3.95 million MT, up 9.7 per cent.

In order to achieve this goal, Mr Tam said, Directorate of Fisheries will focus on quality control. The industry is oriented with quality and sustainability.

Aquaculture continued to increase in 2014. There was a clear shift in structure of species reared, especially for whiteleg shrimp and black tiger shrimp. Besides, Decree 67/2014 / ND-CP on some fisheries development policies was adopted for a more effective marine fish capture.

Reportedly, total aquaculture production in 2014 reached 6.3 million MT, up 4.4 per cent year on year.

The export value reached $7.92 billion, increasing by 18 per cent from last year.

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