February 21, 2005

Vietnam to operate market development fund for seafood exports

Vietnam will put into action a market development fund for the fisheries sector this year with revenue to come from seafood exports and processing activities.

The launch of the fund is one of the five measures that the Fisheries Ministry put forward to boost seafood exports.

In addition, the fisheries sector will boost trade promotion activities, explore new markets as well as help exporters and producers develop the ability to forecast market demands.

The sector will also devise and implement export development strategies and establish national trademarks for shrimp, "tra" and "basa" catfish, and tuna fish.