Gov't targets to raise aquatic export value to nearly $8 bln by 2025

The overall goal of the program is to advance the development of aquaculture in an effective and climate-resilient manner and improve the productivity, quality, and competitiveness of aquatic products.

The nation's annual aquaculture output is expected to reach 5.6 million tons in 2025 and 7 million tons in 2030 from 4.75 million tons in 2021.

Total aquatic export turnover in the first seven months of this year rose by 35 percent on year to nearly US$6.7 billion.

After recording a sharp rise of 34-62 percent in the first five months of the year, aquatic exports began cooling in June with an increase of just 18 percent.

The decline is mainly due to unfavorable weather, with early rains affecting seafood production. The stockpile of aquatic products from last year has also dropped.

Source: VGP