Seafood export targets $9 billion this year

The seafood industry has set a target of US$9 billion export turnover in 2018, said Deputy Minister of Agriculture and Rural Development Vu Van Tam at a conference in Hanoi yesterday.

A seafood processing plant (Photo: SGGP)

A seafood processing plant (Photo: SGGP)

To obtain the target, urgent tasks are to issue the implementation guidance of the Seafood Law, which the National Assembly has recently passed, and assist residents in the central region to overcome difficulties resulted from the marine environment pollution caused by Taiwanese steel plant Formosa in Ha Tinh province.
Exploitation will not run after output and be well controlled, output might reduce but value must increase. Products’ origin tracking must be able and more transparent than now to meet requirements on fighting illegal fishing.
According to deputy minister Vu Van Tam, the seafood industry saw the highest ever export turnover last year with $8.3 billion, up nearly $1 billion over 2016. Production value and output increase contributed to the seafood industry’s highest ranking in export sectors of the agricultural field for the last years.

By PHUC HAU – Translated by Hai Mien

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.