Bac Lieu is one of the leading provinces nationwide in high-quality shrimp fry production. (Photo: VNA) The locality has poured investments in the sectorover the past years so as to optimise its potential. Shrimp export revenue is expected to rise 5.28% per year in2021-2025 to reach 970 million USD by 2025.
Bac Lieu is one of the leading provinces nationwidein high-quality shrimp fry production, with an annual output of 25 billion,accounting for more than half of the volume in the Mekong Delta and about 20%of the whole country.
The province counts 188 shrimp fry facilities, ofwhich 159 specialise in tiger prawn and 29 in white-leg shrimp. Besides, there are 33 aquatic processing factories for export witha combined capacity of some 125,000 tonnes each year.
China, the Republic of Korea (RoK), the US, the EUand Japan are major importers of Bac Lieu's shrimp.
Over the past decade, the shrimp sector hascontributed over 29.7 trillion VND (1.19 billion USD) to Bac Lieu’s aquatic production value.
In 2018, the Government allowed Bac Lieu toestablish a high-tech agricultural park for shrimp development. The province isworking hard to become a national shrimp production centre.
Eighteen businesses and 711 households in thelocality have applied the high-tech shrimp breeding model which helps tobetter control diseases, boost shrimp growth and protect the environment,towards sustainable shrimp farming.
Pham Van Thieu, Chairman of the provincial People’sCommittee, said Bac Lieu will attract quality projects with high added values,using cutting-edge technology, bio-technology and new, environmentally friendlymaterials, and generating jobs for many local labourers.
To promote its potential and image to both domesticand foreign investors, Bac Lieu is making preparations for a trade promotion conferencethis year which will focus on market potential, investment partnership, policiesand investment opportunities.
Thieu said over the past time, Bac Lieu has investedin infrastructure for the shrimp sector, especially in the high-techagricultural park, along with the facilities included inthe target programme on sustainable fishery-based economy and the action planon shrimp development by 2025.
To raise the product value, it has also duplicated themodels that satisfy VietGAP, GlobalGAP, Organic, ASC and MSC standards,according to the official.
The locality will continue to inject investmentsinto the five pillars of high-tech agriculture; renewable energy (solar and windpower) and gas power, tourism; trade-services, education, high-quality healthcare; and maritime economy in combination with national defence and security in2022 and the coming years.
In the first 10 months of this year, Bac Lieu’s seafoodand aquatic output reached 371,789 tonnes, up more than 8% year-on-year, andits export value exceeded 705 million USD, up over 10%.
Bac Lieu’s economy is projected to expand 9-10% thisyear and its GRDP per capita is hoped to hit 65.72 million VND. The locality’stotal social investment would reach 34.94 trillion VND and its budgetcollection is set at 3.26 trillion VND. The province would earn 920 million USDfrom exports in the year.
With its investment attraction advocacy, andharmonious, sustainable development policies, Bac Lieu expects to attract more businessesand investors in the five pillars, including the shrimp sector./.
VNA
