(VNS) Vietnam targets to have revenues of $11 billion from seafood export by 2020, said the General Department of Fisheries under the Ministry of Agriculture and Rural Development.
The target is part of the department’s development plan for the country’s fisheries sector in the 2012-2020 period. The sector is expected to grow between 8% and 10% in the period.
By 2020, the sector will contribute 2.8%-3% to the country’s gross domestic product (GDP), with aquatic output projected to reach seven million tons while seafood production is forecast at 2.95 million tons.
Along with building prestigious brands, Vietnam also plans to establish a network in foreign countries to promote export of seafood products, selling directly to foreign supermarkets and main distributors.
Seafood is one of Vietnam’s export staples. The country expects to have revenues of $6.8 billion from seafood exports in 2012 versus over $6.3 billion in 2011.