VGP – The fishing industry has attracted over 70 foreign direct investment (FDI) projects worth over US$310 million, mostly focusing on aquaculture, processing, feed and fries.
The fishing industry mainly got small FDI projects with an average investment capitalization 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.
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 Viet Nam.
Localities were recommended to 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.
It is necessary for local businesses 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./.
By Kim Anh