Vietnam’s aquaculture, fishery industry and seafood are on display at the seventh International Exhibition of Fishing and Aquaculture (SIPA 2017) which is underway in Oran, Algeria from November 9-12.
At the biennial fair, Vietnamese Trade Counsellor to Algeria Hoang Duc Nhuan gave local companies an overview of the Vietnam-Algeria trade and prospects for future cooperation and introduced Vietnam’s major exporters.
Vietnam and Algeria signed a Memorandum of Understanding in aquaculture and fishery in 2010, Nhuan said, adding that since then, seafood has been among Top 5 export earners of Vietnam to the African nation which brought home 9-10 million USD annually. But the export revenue dropped to 6.8 million USD last year.
According to the ambassador, some Algerian firms looked for Vietnam’s experience in aquaculture, particularly prawn and tra fish farming, while others were seeking Vietnamese investment partners and sources of fish feed and fishing nets in Vietnam for import.
This year’s SIPA is held to promote aquaculture and fishery as a way to achieve sustainable development and economic diversity. The event features 77 domestic booths and 35 booths run by foreign exhibitors working in different areas of the industry. It also hosts a wide range of side activities, including seminars, business forums, and B2B meetings.