Year to date, fisheries production of Ba Ria – Vung Tau province has reached 157,083MT, of which aquaculture production amounted to 5,482MT.

According to the statistics of Viet Nam Customs, in May 2010 the country’s seafood import value reached approximately US$21.72 million, pushing total seafood import value in the first five months of 2010 to nearly US$120.49 million.

Total investment for Viet Nam’s island economy development to the year 2020 will reach approximately VND162.5 billion, said the National Island Economy Development Plan to 2020, which has been approved by the Prime Minister.

Shortage and high cost of raw materials has hit the seafood sector in Vietnam. At present, seafood processing plants in Ca Mau are operating at only 50% of their full capacity.

The World Trade Organisation (WTO)’s Director General Pascal Lamy on July 26 appointed three members to the panel that reviews the US’s anti-dumping measures imposed on frozen shrimp imported from Vietnam.

Conference attendees discussed the drop in ha of tra catfish farming areas.
Previously, the total area for breeding tra catfish in 10 provinces of the Cuu Long (Mekong) Delta was 6,000ha, but fell to 3,749ha by the end of June.

In this rainy season the fish market in Mekong Delta region are sufficient, the price does not reduce but increase surprisingly.

As the demand exceeds the supply, the price of material shrimp in Mekong Delta has been increasing for many months.

According to Mr. Chu Tien Vinh, Deputy Director of the General Directorate of Fisheries, Vietnam’s fisheries sector has contributed greatly to the Vietnam’s economy. However, over the last few years aquatic resources in Vietnam have been overexploited, many species are at risk of extinction due to many different causes.

According to the new issued by Bac Lieu People’s Committee Official Document No.1883/UBND-TH seafood processing factories at the locality are classified into three groups.