February 23, 2005

Vietnam to set up market development fund for seafood exports

A market development fund for Vietnam's fisheries sector will be put into operation this year with revenue to come from seafood exports and processing activities.

The launching 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 and 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.