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Vietnam records US$7 billion in 2016 fisheries exports

Vietnam records US$7 billion in 2016 fisheries exports

As reported by the Directorate of Fisheries, in the first six months of the year, droughts and saline intrusion in South Central and Mekong Delta provinces, as well as a maritime environmental pollution incident in four central localities have seriously affected seafood farming and exploitation operations. However, vigorous transformations in aquatic cultivation were made in the latter half thanks to strong directions from the central level to the local level.

Accordingly, the total output of aquatic products in 2016 climbed to more than 6.7 million tonnes, up 2.5% year on year, including 3.1 million tonnes in fishing yields, up 1.7%, and 3.6 million tonnes in farming productivity, up 3.3%. The aquaculture output accounted for 54.2% of the total, higher than the 2015 figure of53.8%.

The area for tra fish cultivation in 2016 was around 5,050 hectares, meeting 99% of the year’s plan and yielding an output of 1.15 million tonnes, equivalent to 100% of the plan.

Meanwhile, an area of 25,000 hectares was utilised for tilapia farming, generating about 200,000 tonnes. The United States was the largest importer of Vietnam’s tilapia products in 2016, generating revenue of more than US$6 million per year, followed by Spain at US$3 million per year and Colombia at US$3 million per year.

According to the Vietnam Association of Seafood Exporters and Producers, Vietnam’s tilapia export revenue is estimated at US$45 million, representing a surge of 32% against 2015.

In 2017, the fisheries sector targets a growth rate of 2.2-2.6% in production value; 6.85 million tonnes in the total output of seafood products, including 3.05 million tonnes in fishing output and 2.8 million tonnes in farming yields; and US$7.3 billion in export revenue.