Vietnam: USD 2.3 billion in pangasius exports in 2016
Vietnam’s Ministry of Agriculture and Rural Development (MARD) has adopted a plan on pangasius farming and processing in the Mekong Delta by 2020 and expects exports to reach USD 2.3 billion (EUR 1.8 billion) in 2016.
Farmed in a total of 5,300-5,400 hectares, production will reach 1.25 to 1.3 million metric tons (MT), with value-added products accounting for 8 to 10 percent of exports, according to a release by the Vietnam Association of Seafood Exporters and Producers (VASEP).
By 2020, the farming area in the Mekong Delta is expected to be 7,600 to 7,800 hectares, with production reaching 1.8 to 1.9 million MT, with value-added products accounted for 15 to 20 percent of an estimated USD 2.6 to 3 billion (EUR 2.04 to 2.36 billion) in total exports.
By next year, VASEP forecasts the production of 3 billion fingerlings, growing to 3.5 billion in 2020, produced by breeding centers and hatcheries in Dong Thap, An Giang, Can Tho, Hau Giang, Vinh Long and Tien Giang.