VOV.VN - Prime Minister Pham Minh Chinh has approved a scheme which aims to develop the Vietnamese seafood processing industry and turn Vietnam into a global seafood processing hub by the year 2030.
Under the scheme, Vietnam will develop the seafood processing industry in a modern, effective and sustainable manner to meet market demands. It will strive to sharpen the competitive edge of the industry, making it integrate deeper into the global value chain, and rank fifth among the world’s seafood processors by 2030.
Specifically, the growth rate of processed seafood output by 2030 will reach over 6% annually, while the proportion of export value of processed seafood products will hit an average of over 40%.
The seafood processing industry aims to rake in between US$14 - 16 billion from exports by 2030.
In addition, Vietnam will establish several seafood processing groups that have global-level economic potential and management level.
The scheme will consist of six major projects, with total costs anticipated to reach up to VND420 billion.