Viet Nam Briefing
25 December 2013
With strong contributions from small and medium-sized enterprises, Vietnam’s fishing industry has so far attracted more than 70 foreign direct investment (FDI) projects amounting to US$310 million.
With a coastline of over 3,260 kilometers, 2,860 rivers and more than 3,000 islands and islets offshore, Vietnam’s landscape provides great natural opportunities for the fishery industry. In 2010, fish production contributed 10.14 percent to the country’s GDP.
Despite the success of achieving $US310 million in FDI, however, there is still unfulfilled potential in Vietnam’s fishing sector.
Most FDI is focused on aquaculture, processing, feed and fries. Dinh Thi Thanh Huyen, an official with the Ministry of Agriculture and Rural Development, says these are small projects with an average investment capitalization of over US$4.4 million each.