Ca Mau targets 2.5 billion USD from shrimp exports by 2025

The southernmost province of Ca Mau is striving to earn 2.5 billion USD from shrimp exports by 2025.

(Photo: VNA)

Ca Mau (VNA) – The southernmost province of Ca Mau is striving to earn 2.5 billion USD from shrimp exports, and become the largest shrimp breeding hub in the country by 2025.

Under the shrimp industry development plan, the province eyes to expand shrimp raising area to 279,000 hectares with a total output of 233,000 tonnes by 2020. It expects to gain 1.8 billion USD from shrimp shipments to foreign markets.

By 2025, the shrimp breeding area will be reduced to 260,000 hectares but its total output and export revenue is hoped to reach 320,000 tonnes and 2.5 billion USD.

In a bid to realise the set target, the provincial authorities will prioritise developing infrastructure in large-scale shrimp raising areas, applying advanced technology, and use rational production methods.

The province will expand super-intensive, intensive and semi-intensive shrimp farming, together with advanced extensive farming model which is suitable for natural conditions and local farmers’ investment capacity.

Also, it is working to produce 23.5 billion breeding prawns and white-leg shrimps by 2020. The number will increase to 29.5 billion to satisfy 70 percent of farming demand in the province.

Ca Mau will channel more efforts to seek and access to other potential markets besides traditional ones like the US, Japan and the EU. Due attention will be also paid to the domestic market.

In addition, the province will build a hi-tech agricultural zone which is envisioned to become a typical aquaculture area in Vietnam, capable to compete in the region and the world.