Myanmar aims to earn $700 million through fishery exports this FY

A worker selects fish at the Nyaungtan Jetty in Yangon.  PHOTO: GNLM/PHOE KHWAR
A worker selects fish at the Nyaungtan Jetty in Yangon.  PHOTO: GNLM/PHOE KHWAR

Myanmar’s income from the fishery exports sector is expected to hit US$700 million in the current fiscal year (FY), U Tun Myint, head of Yangon Region Fishery Department, told Myanma Alinn.
From 1 April to 16 February this FY, fishery exports fetched $594 million, which is an increase of $103 million compared with the same period last FY.
Viet Nam exports fisheries worth $9 billion per year. Myanmar intends to earn $1 billion through the fishery sector in the coming FY, said U Tun Myint.
To bolster the export volume, technology will be provided for fish and prawn farming businesses, he continued.
A law or bylaw needs to be formulated to tackle land problems faced by fish and prawn farmers, said Dr Thet Mhu, a livestock entrepreneur.
Myanmar’s fishery exports cannot keep up with Thailand and Viet Nam, and this being so, there is a plan to set up livestock zones, according to the Myanmar Fishery Federation. — Zar Lin Thu (AMIA)

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