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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Vietfish 2015: Vietnam planning five-fold increase in tilapia production

Tuesday, August 25, 2015 > 13:34:23
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(Undercurrent News)

Whether or not tilapia can overtake pangasius as the country’s chief farmed fish remains unclear, but Vietnam’s proposals for upping production make it clear it intends to become a force on the international market.

In 2014 Vietnamese production was 125,000 metric tons. Exports were worth $35.8 million.


The government’s production plan for 2020 is ambitious: it is targeting a yield of 400- 500,000t via intensive farming, 100- 150,000t with semi-intensive farming, and as much as 80,000t from farming in cages on rivers and reservoirs.

It believes this can increase export value to $150m, and create 20,000 jobs.

Going by Rabobank estimates, quoted in a presentation by a speaker from Vasep, this will still make Vietnam a relatively small player worldwide.

Latin America, by 2020, will be producing 1.2m tons, and Africa 1.8m, the bank estimates.

Speakers were keen to stress the importance of maintaining quality as well as growth – an area in which Vietnam currently holds an edge over its neighbor, China, still the world’s largest producer.


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