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Vietnam targets to pocket $5 billion dollars from shrimp exports

Staff Writer | March 21, 2017
Vietnam is projected to rake in $4.5-$5 billion from exporting shrimp and record an annual average growth of 9.5-12 percent during the 2017-2020 period, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam brackish water shrimp
Seafood trade   The hi-tech brackish water shrimp raising
A drafted national action plan for shrimp development through 2025 by MARD targets to turn the shrimp sector into a big industry with sustainable development that is adaptable to climate change and friendly to the environment, reported Vietnam's state-run news agency VNA.

Specifically, in the 2021-2025 period, a hi-tech shrimp industry and large-scale eco-shrimp farming areas will be taken into shape in Vietnam, working towards the goals of 10 billion U.S. dollars in export turnover and an annual average growth of 12-14 percent.

The total area used for brackish water shrimp farming should reach 710,000 hectares with a total output of 850,000 tons of shrimp during the 2017-2020 period.

These figures are expected to expand to 750,000 hectares and 1.1 million tons of output in the period from 2020-2025, respectively, said the plan.

Areas will be zoned off for the hi-tech brackish water shrimp raising, concentrating in the country's Mekong Delta and central coastal regions.