AGROINFO officially issued " Vietnam fishery sector in the first quater, 2009"

25 | 06 | 2009

In 2008, although fishery export of Vietnam earned US$ 4.4 billion, up 18.2% compared with 2007, GDP growth of the fishery sector only reached 5.44%, equal to 42% against the plan of entire year (a 13% growth). Fast development in 2008 led to overproduction for catfish. The prices reduced to very low level while feed price increased, which made raisers suffer heavy losses.

prices reduced to very low level while feed price increased, which made raisers suffer heavy losses. The difficulties in selling out was unsolved, the fishery sector faced difficulties as these was a scarcity of raw materials for processing and export. By the end of quarter 1/2009, GDP growth of the fishery sector only reached 1.7% - the lowest level in the most current 5 years, especially as the aquaculture had no growth over the same period in 2008. Perhaps, the fishery of Vietnam has never faced as many difficulties as it does now: difficulties in production materials, outlet market and trademark protection. In such a context, what will the fishery enterprises of Vietnam do to remain and continue to develop?

This report on fishery in quarter 1 is the first report on the fishery sector implemented by the Information Center of Agriculture and Rural Development, Institute of Policy and Strategy for Agriculture and Rural Development. The report provides the basic and detailed information on fishery, fishery businesses, the advantages and disadvantages as well as opportunities and challenges.

All of the information and data in this report have been obtained from reputable local and foreign sources as follows: Cultivation Department under Ministry of Agriculture and Rural Development, General Statistics Office, General Department of Vietnam Customs, Food and Agriculture Organization of the United Nations (FAO), Economic Research Service (ERS) – a market research agency and Foreign Agricultural Service (FAS) under the U.S. Department of Agriculture (USDA), and others.

For further information, please see detail here

AGROINFO

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