Vietnamese seafood firms propose US$430 million credit package
The preferential loans would enable local producers and exporters to make certain inputs and maintain export markets.
The preferential loans would enable local producers and exporters to make certain inputs and maintain export markets.
Seafood currently makes up 18% of Vietnam’s total exports of agro-forestry-fishery products, with the US being the largest buyer for 23% of the total market share.
By 2030, the domestic market for processed seafood would reach VND40-45 trillion ($1.75-1.97 billion), which would contribute to seafood exports of US$14-16 billion per year.