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Gov’t, bankers, businesses cooperate to breed shrimp

Gov’t, bankers, businesses cooperate to breed shrimp

HANOI: The target of exporting $10 billion worth of shrimp products by 2025 is within reach, he said.  The Ministry of Agriculture and Rural Development (MARD) said it hoped the shrimp export turnover would climb to $10 billion a year by 2030. However, Phuc said the target was too low and that this can be reached sooner, by 2025.

He went on to say that he wants to see Vietnam to become the ‘world’s shrimp production base’. While the plan has raised doubts among some analysts about its feasibility, others believe that the $10 billion goal is attainable for several reasons.

Shrimp adapt well to saltwater intrusion. According to MARD’s Minister Nguyen Xuan Cuong, Vietnam’s agriculture is facing three challenges – small-scale household production, climate change and deep international integration.

Meanwhile, brackish shrimp is a product can be developed in the context of climate changes.