The Ca Mau Association of Seafood Processing and Export (CASEP) of the southernmost province of Ca Mau has set its sights on earning 1.65 billion USD from seafood exports by 2020.

To achieve the goal, CASEP will increase the proportion of added value products to 75 percent and the output of processing facilities to 70 percent of their capacity by 2020.

CASEP will market its products to key markets including the United States, Japan, the EU, China, the Republic of Korea and Russia.

Le Dung, Vice Chairman of the provincial People’s Committee, said the province’s seafood sector would face a myriad of difficulties in the next five years and called on the members of CASEP to unite to overcome the challenges.

He urged enterprises to establish closer ties with farmers to ensure a stable supply of raw materials and to reorganise business activities to effectively utilise loans from banks.

Cau Mau has been the country’s largest seafood exporter, accounting for 16 percent of the total value. The province also make up 30 percent of the country’s total shrimp export value.-VNA