Ambitious national plan to boost the shrimp industry

News   24/04/2017 - Quách Trúc

The Ministry of Agriculture and Rural Development (MARD) has developed a national action plan to boost the development of the shrimp industry through 2025.

According to the ministry’s General Department of Fishery, the government’s intention to turn the shrimp industry into a key economic sector with sustainable development that is adaptable to climate change and friendly to the environment, VNA reported.

At the same time, the plan is intended to improve the quality, efficiency of production, and competitiveness of Vietnamese shrimp products, in a bid to benefit farmers, businesses and the country’s economy.

To reach those targets, the ministry will review and upgrade irrigation infrastructure, key traffic and the availability of electricity in regions in which shrimp are raised, based upon modern industrial models; and re-organise small production facilities to become cooperatives for creating larger regions that will connect with enterprises supplying input materials and consuming products within the value chain.

Also, the ministry will research and ensure that before 2025 the industry will offer a variety of shrimp that grow quickly and are free of diseases. It will also research the technology of shrimp feed production to actively produce this product at home.

Furthermore, the plan expects the industry will apply scientific and technological advances and modern management measures to shrimp production regions, and modern technologies for processing shrimp to increase the volume of value-added products meeting food hygiene and safety standards, as well as the demands of importing countries.

In addition, the ministry will study local and global markets in terms of consumer tastes, product categories, market demand and competition with other shrimp exporting countries to build an efficient market expansion plan. It will also improve the advertising of brands and build geographical indications for Vietnam’s shrimp products in key export markets, reported Dau tu newspaper.

According to the action plan, the domestic shrimp industry is expected to gain USD 4.5-5 billion in export value and record an annual average growth of 9.5-12 per cent in 2017-20.

In 2021-25, a hi-tech shrimp industry and large-scale eco-shrimp farming areas will be developed with infrastructure and technical services having synchronous, efficient and sustainable investment. For that time, the shrimp industry expects to reach the goals of USD 10 billion USD in export value and an average growth of 12-14 per cent per year.

The total area rearing brackish water shrimp is estimated to reach 710,000ha, with total output of 850,000 tonnes of shrimp during 2017-20, and expand to 750,000ha and 1.1 million tonnes of output in the period from 2020-25.

In 2016, Vietnam gained a total export value for shrimp of USD 3.1 billion USD, a year-on-year increase of 4 per cent, said the General Department of Fishery.

Keywords: shrimp industry export value for shrimp eco-shrimp farming brackish water shrimp General Department of Fishery