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Vietnam's PM urges increased efforts to boost forestry, fishery exports

HANOI, April 14 (Xinhua) -- Vietnam's Prime Minister Pham Minh Chinh has called for increased efforts to address the challenges faced by the forestry and fishery sectors, including declining demand, intense competition, and fluctuating prices, in order to boost production and exports, local media reported on Friday.

The forestry and fishery sectors are facing several challenges such as a high dependence on imported raw materials, declining consumer demand in major markets like the United States, European Union, and Japan, and policy changes in various countries, local newspaper Vietnam News reported.

The leader asked ministries and localities to diversify markets, establish supply chains, cut costs and simplify procedures, the newspaper reported.

He ordered the industry to switch to sustainable, multivalued integrated production while enhancing competitiveness associated with developing the processing and preservation industries.

Priorities must be given to ensuring food safety, protecting the ecological environment and encouraging the development of green, organic and circular agriculture, he said.

In the first quarter of 2023, Vietnam's total trade value of agroforestry-fishery products decreased by 11.2 percent year-on-year to 20.6 billion U.S. dollars, according to the Ministry of Agriculture and Rural Development. The export of timber and forestry products saw a significant drop of 28 percent, and fishery products 27 percent.

The country set the target to earn 17.5 billion dollars from the export of timber and forestry products, and 10 billion dollars from the export of fishery products, said the ministry.