Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade ETHUSD, Bitcoin and Cryptocurrencies

BUY & SELL ETHUSD | View ETHUSD News & Updates


Buy Sell ETHUSD, Bitcoin and Cryptocurrencies

Indonesian waters call Vietnamese fishermen   2009-08-02 - TN

 
 
Vietnamese fishing vessels head to sea from Song Dong Estuary in Ca Mau Province’s Tran Van Thoi District  
Vietnam could stave off a seafood shortage by helping Indonesia exploit its vast wealth of fisheries resources, representatives from both sides have argued.

 

Indonesia’s Fisheries Industries Development Director at the Ministry of Marine Affaires and Fisheries Anang Noegroho said his country could learn a lot from Vietnam, one of the world’s largest seafood exporters.

Noergroho told Thanh Nien Daily that cooperation could benefit both countries as Indonesia had many varieties of fish species unavailable in Vietnam.

He said the Indonesian government encouraged foreign investors to join local fish ventures to catch and process fish from Indonesian waters as it aims to increase the country’s seafood exports.

The county exported some US$2.5 billion in fish last year compared to $4.6 billion in seafood export value from Vietnam.

Indonesia has exported fish mainly through partnerships with foreign investors, mostly from the Southeast Asian region, said Noegroho, adding that China, Thailand and the Philippines were major investors in Indonesian fisheries.

A representative from the Investment Coordination Organization at Indonesia’s Ministry of Settlements and Regional Infrastructure said the government offered tax exemption and deduction incentives for fisheries ventures.

Speaking at a meeting held by Indonesian Consulate General in Ho Chi Minh City on Friday, Chu Tien Vinh, director general of the Vietnamese Ministry of Agriculture and Rural Development’s Bureau of Aquatic Resources Exploitation and Protection, said cooperation in fisheries had potential for Vietnam and Indonesia as it would help businesses in both countries exploit their strengths and improve on their weaknesses.

Vinh said Indonesian waters could be an abundant source for Vietnamese processors that may face a shortage of materials.

Local processors have complained that Vietnam’s seafood resources were being exhausted due to lax regulations. They have in turn asked the government for licenses to import raw materials.

A cooperation agreement between the two countries could also help settle illegal fishing disputes in which fishermen have been accused of fishing in neighboring countries’ waters, said Vinh.

But one problem was that Vietnamese businesses would have to buy bigger ships as the Indonesian government only allows fishing ships of 100-600, while most vessels in Vietnamese waters weigh 100 tons or less, he said.



Other news

BUSINESS IN BRIEF 2/8   2009-08-02

The fight against counterfeit goods   2009-08-02

Investment promotion conference scheduled on 5/8 in Nam Dinh, Thai Binh   2009-08-02

Marketing must suit consumer demand   2009-08-02

Singapore's Banyan Tree to build $900 million Hue resort   2009-08-02

IFC initiative to improve working conditions at apparel firms   2009-08-02

Toshiba, Sojitz win $115 million Vietnam contract   2009-08-02

Stock indexes rebound strongly in last session of July   2009-08-01

VASCO, VALC join forces to capitalize on private plane market   2009-08-01

Quang Ngai carves out its own identity   2009-08-01

Local firms attack foreign markets   2009-08-01

Vietnam, Indonesia discuss sea, fishing cooperation   2009-08-01

Two major projects under construction in Thua Thien Hue   2009-08-01

Vietnam’s economy may rebound faster next year   2009-07-31