Vietnam Wants Seafood Exports To Grow 9% Annually ff

Vietnam has set to obtain a yearly growth rate of over 9 percent in seafood exports from now until 2010 to reap a value of $4-4.5 billion.

The target was contained in a program to boost seafood exports that was approved by the Prime Minister on Oct. 25.

The program aims to make fishery a leading sector in the national cause of industrialization and modernization, an economic spearhead and one of the country’s key hard currency earners by 2020.

On the roadmap, by 2010, the fishery sector will have to export more than 900,000 tons of seafood, the program pointed.

The fishery sector needs to boost exports to big markets, especially to China, and at the same time, expand outlets globally to avoid regional fluctuations.

The sector will strive to earn 25 percent of export value from Japan, between 23 percent and 25 percent from the US, 20-22 percent from the EU, 7-9 percent from China and Hong Kong and 8 percent from the Republic of Korea.