Shrimp is a key export product of Bac Lieu. (Photo:

According to the provincial Department of Industry and Trade, fisheries export in February was estimated at over 5,085 tons, bringing the total amount of fisheries export in the first two months of this year to over 9,998 tons, a year-on-year increase of 1.59%. 

As planned, this year, the fisheries sector will increase the production value from VND25.055 trillion in 2019 to VND27.372 trillion, and shrimp productivity alone will increase from 155,000 tons in 2019 to 203,000 tons.

Therefore, the locality will carry out the project on building Bac Lieu into a center of shrimp production, increase shrimp production area, deal with environmental pollution for hi-tech shrimp production, and combine ecological shrimp production and afforestation in coastal areas. 

To realize the target of USD800 million in export turnover this year, the Europe - Vietnam Free Trade Agreement (EVFTA) is expected to help businesses grow shrimp export to Europe. Besides solutions to boost export, the provincial Department of Industry and Trade will take advantage of opportunities brought about by CPTPP, EVFTA and IPA to expand export markets and cooperate for socio-economic development. 

According to Phan Van Sau, Director of the provincial Department of Industry and Trade, the department will support businesses in promotion of export markets, in order to help them depend less on the Chinese market. It will also create favourable conditions for businesses to expand production, increase processed productivity and produce high value added products. “Good solutions will help businesses invest in technology and diversification of products, upgrade and expand production, thus producing higher quality products, increasing products’ competitiveness on the market,” he said./.

Compiled by BTA