Seafood output hits 566,700 tonnes in three months
Vietnam’s total seafood output has reached 566,700 tonnes in the first three months of 2022, up 0.1 percent year-on-year, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).
Hanoi (VNA) – Vietnam’s total seafood output has reached 566,700 tonnes in the first three months of 2022, up 0.1 percentyear-on-year, according to the Directorate of Fisheries under the Ministry of Agriculture and RuralDevelopment (MARD).
The directorate reported that the country now has 86 fishery unions in 16 out of 28 coastal provinces and cities, with nearly 17,700members and over 6,200 fishing ships of 15m in length and above.
Regarding preservation work, thereare 354 ice production facilities, 640 cold storages with a total capacity of78,700 tonnes, and nine establishments that can classify 240 tonnes of productsper day.
Illustrative image (Photo: VNA)
Localities nationwide have been urged to focus on restructuring fishing fleets and their fisheries, managing and tracing originof products, monitoring fishing boats, and building plans on protecting and restoring aquatic resources.
They have been also requested to strictly handle violationsrelating to illegal, unreported and unregulated fishing (IUU)./.
Vietnam’s seafood industry is projected to enjoy strong growth in the 2021-2030 period thanks to the increasing per capita seafood consumption in the world, according to a report published recently by the Organisation for Economic Cooperation and Development (OECD) and the Food and Agriculture Organisation of the United Nations (FAO).
A series of large consignments of many industries have been exported to other countries before and during the Tet (Lunar New Year) festival signal hope for Vietnam’s export.
In the context of a booming cold storage logistics industry to serve vaccine distribution needs as well as growth in seafood processing and consumer demand, Vietnam’s cold storage logistics market is forecast to reach a value of 295 million USD by 2025, with an annual growth rate of 12 percent per year, said an expert.
The two new generation free trade agreements, namely the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the European Union–Vietnam Free Trade Agreement, continued to be the momentum for the increase of Vietnam's seafood exports in the first two months of 2022.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
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In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.