Seafood industry accelerates to grasp opportunities

Golden time for seafood industry to take off

As the assessment of Deputy Minister of Agriculture and Rural Development Phung Duc Tien, the year of 2020 was a challenging time for the agricultural sector. Apart from the Covid-19 outbreaks, Vietnam was continuously hit by natural disasters. Especially floods in the Central region, salt water intrusion and hail storms wreaked havoc in fisheries and aquaculture. However, the Vietnamese seafood industry still achieved set targets. 

The Covid-19 pandemic has severely affected and had negative effects on the global economy. In that context, many countries conducted vaccination campaigns and saw positive results. Many countries recovered fast and have experienced very rapid economic growth. 

Deputy Minister Phung Duc Tien analyzed: "During the Covid-19 outbreaks, many supply chains were disrupted, Vietnam's rivals for seafood export also faced difficulties. Vietnam has successfully contained the Covid-19 outbreaks which becomes an opportunity for us to organize production ready for exporting aquatic products to the large markets as what we did over the past years."

" The time when the world's food supply chain has been broken Vietnam gradually contained the Covid-19. It is a favorable condition for seafood industry to accelerate and it is an opportunity we need to grasp and judge the situation right  to get good results" the MARD Deputy Minister  said.

The covid-19 pandemic affected the trades of seafood products in almost markets in 2020. However, Vietnam still saw an increase of seafood exports to some markets including the US up nearly 10%, the UK up 23%, Canada up 14%, Russia up 31% and Australia up 10%. Stable supply and diversity of products have met the changing tastes of consumers in different countries in the context of the Covid-19.

Dominate domestic market

With the impacts of the Covdi-19 pandemic on the seafood industry, Directorate of Fisheries under the MARD has regularly monitored the production situation of localities nationwide ; thereby timely giving directions to strengthen the control of fishing vessels at ports, ensuring both epidemic prevention and exploitation activities.

In addition to the orientation of processing for exports in recent years, the seafood industry has  seen an increasing demand for processed seafood  in the domestic market in the context the Covid-19 pandemic has caused difficulties for seafood exports.  

Especially, fresh seafood and aquaculture products make important contribution to ensuring sufficient supplies of clean and safe food and  providing  nutrients for the people. Moreover, it also helps fishermen change their practices of fishing, paying attention to preservation and shortening exploiting time to have fresh and tasty products for the domestic market.

According to Vietnam Directorate of Fisheries, in 2020 with the guidance of the MARD, services, agencies and associations operating in the fishery sector sped up the consumption in the country. Through connections, cat fish was welcomed in the domestic market, especially the northern markets.

In addition, many enterprises has built production and development strategies for the domestic market. This is an important solution to balance exports with domestic consumptions.

Besides, the seafood industry is also very flexible in the traditional export products. The relevant authorities have asked export processing facilities to have products to directly serve households and they can be used instantly in the context of social distancing.

These orientations and experiences can help the fishery industry adapt to changes suiting to  the new situation in both domestic and overseas markets, thereby taking advantages of their strengths as well as the domestic market.

In 2020, Vietnam's total seafood output reached 8.45 million tons of which the exploited output reach 3.83 million tons and farm-raised output reach 4.6 million tons.  The export value of seafood gained US$ 8.5 billion.

In 2021, the Prime Minister issued Decision No.339/QĐ-TTg approving Vietnam's fishery development  strategy until 2030 with a vision to 2045. It targets by 2030 the total seafood output will reach 9.8 million tons of which the exploited output reaches 2.8 million tons and farm-raised output reaches 7 million tons. The value export reaches US$14-16 billion.