The fishing industry has so far attracted more than 70 foreign direct investment (FDI) projects capitalised at over US$310 million, mostly focusing on aquaculture, processing, feed and fries.

Dinh Thi Thanh Huyen, a Ministry of Agriculture and Rural Development official, says these are small projects with an average investment capitalisation of over US$4.4 million each.

Although businesses from 18 countries and territories have invested in this industry, they have yet to cooperate in production and supply chains.

In addition, FDI in the fishing industry remains modest, especially in the Mekong River Delta where localities have not built strategic plans for promoting and managing foreign investment.

Poor infrastructure, low profit and risks have barred investors from investing in the field in Vietnam, said Huyen.

She suggested localities implement a development strategy of the fishing industry until 2020 to attract hi-tech and environmentally friendly FDI projects, as well as perfecting incentive investment policies.

She said businesses need to learn about international investment trends and investor demand, boost trade promotions and attract ODA sources. Especially, it is important to diversify investment methods under the Pubic-Private Partnership (PPP) model.

Huyen reveals the General Department of Fisheries will co-ordinate with Metro Cash & Carry Vietnam and other companies like Cargill, Fresh Studio to develop fishing ponds under a pilot METROGAP model for 2,000 households in the Mekong Delta city of Can Tho.

A seafood development centre in Can Tho and a fishing industry centre in Kien Giang will be established to attract FDI and ODA sources, contributing to developing the seafood sector in the Mekong River Delta, improving export turnover and generating jobs for local people.

Source VOV

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