15 Feb Agricultural sector urged to turn shrimp production into key industry
Prime Minister Nguyen Xuan Phuc has asked the shrimp production must reach an export value of 10 billion USD by 2025, becoming the key industry of Vietnam’s agriculture.
Speaking at the event, the PM requested the shrimp industry to strive on gaining an export value of 10 billion USD by 2025.
Prime Minister Nguyen Xuan Phuc speaks at the conference
Vietnam has become the world’s third largest shrimp exporter and the world’s leading exporter of giant tiger prawn, he stressed.
The country has sufficient conditions and advantages to develop its shrimp industry, he said, emphasising the need for a high political determination and synchronous measures in order to strengthen the economic efficiency of the shrimp sector, thus contributing to bettering farmers’ lives.
PM Phuc said the shrimp industry should work to account for 10 percent of the country’s GDP.
PM Nguyen Xuan Phuc and delegates visit a booth
introduced at the event
The PM asked the State Bank of Vietnam to instruct commercial banks to provide sufficient capital for the industry, especially for high-tech breeding.
He confirmed that the Government will stand side by side with businesses to protect their legitimate rights and benefits in price-dumping lawsuits, but will give severe punishments to violations damaging the prestige of Vietnamese shrimps.