Action plan for development of shrimp industry promulgated

The Prime Minister has recently promulgated the National Action Plan for the Development of the Shrimp Industry through to 2025.

The plan aims to turn the shrimp industry into a key economic sector with sustainable development that is adaptable to climate change and environmentally friendly.

It is also expected to improve the quality, efficiency of production, and competitiveness of Vietnamese shrimp products, in a bid to benefit farmers, businesses and the country’s economy.

According to the action plan, the domestic shrimp industry is expected to gain approximately US$5.5 billion in export value and record an average annual growth rate of 0.79% during the 2017-2020 period.

The total area for rearing brackish water shrimp is estimated to reach 710,000ha, with a total output of 850,000 tonnes of shrimp.

During the 2021-2025 period, a hi-tech shrimp industry and large-scale eco-shrimp farming areas will be developed with infrastructure and technical services that use synchronous, efficient and sustainable investment. The shrimp industry expects to reach the goals of US$10 billion in export value and an average growth of 12.7% per year.

The total area rearing brackish water shrimp is expected to expand to 750,000ha with 1.1 million tonnes of output in the period.

(Source: NDO)