BY 2025, SHRIMP PRODUCT EXPORT REACH USD 10 BILLION
According to the National action plan on development of Vietnam’s shrimp industry by 2025 issued on January 18, 2018 by the Prime Minister at the Decision No. 79/QD-TTg:
In the period of 2017 - 2020, shrimp export turnover is envisaged to reach USD 5.5 billion and USD 10 billion in the period of 2021 - 2025; Make the shrimp industry grow on a large scale, and apply high technologies, aim at putting an end to use of chemicals and antimicrobials in all culture methods and all stages of production and circulation of shrimp products.
With regards to intensive and semi-intensive brackish-water shrimp culture, invest in developing three-phase power; develop and improve transportation, water resources facilities and infrastructure systems necessary for production activities, especially in the Mekong Delta and Central Coast. Concurrently, develop Ca Mau province into an ecologically-raised shrimp center in the nation.
The Prime Minister direct to focus on development of formal export of shrimp products to the Chinese market, especially export of lobsters and giant river prawns; concurrently bolster inspection, control and on-time handling of violations arising from traders’ local procurement of shrimps.
Besides, develop the insurance mechanism available at all stages in the chain of shrimp production, especially at shrimp breeding and commercial shrimp culture stages; provide small-scale shrimp farming households and cooperatives with support policies for purchase of insurance.
This Decision takes effect on the signing date.
