With 3,260 km of coast line, Vietnam has 2,038 species of marine fish, in which there are 130 species having commercial value, 30 species regularly caught.
Vietnam has fisheries stock of 4.2 million MT and maximum sustainable yield, MSY of 1.7 million MT per year.
From 2015 to 2020, Ministry of Agriculture and Rural Development (MARD) will invest and build five major fishing centers in 5 provinces, namely Hai Phong, Da Nang, Khanh Hoa, Ba Ria - Vung Tau and Kien Giang. These provinces have big fishing grounds.
The Ministry will invest, build fishing ports, integrate and modernize fishing logistics services, develop offshore fishing and create fisheries value chain. These activites are promising, to attract investment and boast the economy as well as Vietnam seafood exports in the next decades.
Vietnamese seafood exporters have been expanding production scale and scope, enhance food safety to meet the demand of consumers and ensure credibility to export to major markets like Japan, the US and EU.
Marine production chain has satisfied IUU regulation by EU so far.