(VOV) - The Ministry of Agriculture and Rural Development (MARD) has approved a VND24,500 billion plan to develop seafood processing until 2020.
Under the plan, by 2020, processed seafood output for export will reach 2 million tones with an average growth of 3.5 percent per year and an export value of US$10 billion.
The MARD emphasized that to fulfill the plan’s targets, total investment in developing the seafood sector will be VND24,550 billion in the 2011-2020 period and more than VND13,380 billion in the 2011-2015 period.
The plan also puts forth some solutions to promote seafood exports. Priority will be given to developing major markets and trademarks for key export items such as tiger prawn, tra fish, and tuna.
For the local market, the MARD said the focus will be on developing and introducing traditional seafood products and implementing programmes on food hygiene and safety.