Vietnam’s Prime Minister has given the green light on the national project to develop the seafood processing industry throughout the period of 2021-2030, which sets the goal to transform the industry into that of a modern, efficient, and sustainable one; which can meet both national and international consumption needs, increase competitiveness and comprehensively integrate into the global value chain. The vision for the project puts Vietnam into the top 5 seafood processing centers in the world by the turn of the new decade.
Throughout the 10-year period, the industry looks to achieve a growth rate of over 6% annually; in which value-added seafood processing will present over 40% on average of the overall export value. Furthermore, over 70% of seafood processing facilities will reach production capability from medium to advanced set by international standards. Domestic consumption of processed seafood is expected to reach 2 billion USD, contributing to the total seafood turnover of about 14-16 billion USD.
The specific missions for the industry laid out in the project include:
-To implement traceability into aquaculture for the development and monitoring of raw material sources for value-added processing.
-To attract investment and improve productivity, quality, and efficiency through operational inputs from international businesses and organizations.
-To accelerate high value-added processing for strategic product groups (shrimp, pangasius, tuna).
-To maximize the capitalization of current strategic markets and further develop new consumption markets both nationally and internationally.
-To completely reorganize the production value chain: wild capture, aquaculture farming, raw material procurement, logistics, processing, and consumption; meeting the international requirements on raw material sourcing management, quality, food safety, and product traceability.