Vietnam fish output to hit 7 million MT by 2020

News 15:20 13/09/2014 502
(vasep.com.vn) Vietnam fishery sector will produce 7 million MT of fish by 2020, according to the newly-approved master plan by the Prime Minister on developing fishery sector by 2020 with a vision towards 2030.

Aquaculture will make up 65 percent of the total fish production of the country, the rest 35 percent will be fish catching. Under the plan from now until 2020, the country’s seafood export turnover is projected to rake in US$11 billion with an annually average growth rate ranging from 7-8 percent; the value-added products will occupy 50 percent of total seafood exports; about half of fisheries workers will be trained and the average per capita income will triple; post-harvest loss will be dropped to 10 percent from the current level of 20 percent.

Between 2020 and 2030, the sector's total output is expected to reach 9 million MT, 70 per cent of which will come from aquaculture and capture output will account for 30 percent. Within the same time frame, export turnover is also projected to climb to US$20 billion with annually average growth rate of 6-7 percent; the proportion of value-added products for exports will reach 60 percent; around 80 percent of workers in the sector will receive training.

According to the sector’s master plan from now until the end of the decade, the fish landings will be 2.4 million MT. In which, marine catch will be 2.2 million MT and inland catch will be 0.2 million MT. Under the plan to 2020, the sector will catch 2 million of finfish, 200 thousand MT of squid, 50 thousand MT of shrimp and 150 thousand MT of other marine products.

The number of fishing vessels will be dropped to 110,000 ones up until 2020; and 95,000 ones by 2030 with the average reduction rate of 1.5 percent per year. By 2020, the number of nearshore fishing vessels will occupy 70 percent from the current level of 82 percent. The number of offshore fishing vessels will be 28,000 – 30,000 ones.

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