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Sector profile
Sector profile
Characteristics of the sector

I. Overview

With 3,260 km of coast line, Vietnam has 2,038 species of marine fish, in which there are 130 species having commercial value, 30 species regularly caught.

Vietnam has fisheries stock of 4.2 million MT and  maximum sustainable yield, MSY of 1.7 million MT per year.

From 2015 to 2020, Ministry of Agriculture and Rural Development (MARD) will invest and build five major fishing centers in 5 provinces, namely Hai Phong, Da Nang, Khanh Hoa, Ba Ria - Vung Tau and Kien Giang. These provinces have big fishing grounds.

The Ministry will invest, build fishing ports, integrate and modernize fishing logistics services, develop offshore fishing and create fisheries value chain. These activites are promising, to attract investment and boast the economy as well as Vietnam seafood exports in the next decades.

Vietnamese seafood exporters have been expanding production scale and scope, enhance food safety to meet the demand of consumers and ensure credibility to export to  major markets like Japan, the US and  EU.

Marine production chain has satisfied IUU regulation by EU so far.

II. Importing markets in 2018

Total capture output in 2018 was estimated at 3,590.7 thousand MT (up 5.9% compared to 2017), in which marine catch reached 3,372.7 thousand MT, inland catch was 218 thousand MT. Ocean tuna production in 2018 was estimated at 16,650 MT, down about 7% compared to 2017.

In 2018, exports of Vietnamese marine products picked up 30- 35% of total seafood exports. The export turnover doubled from US$1.4 billion in 2008 to US$2.8 billion in 2017 and nearly 3 billion USD in 2018 with the average annual growth of 7.5%.

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Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Head office in HCM city: No 7, Nguyen Quy Canh Road, An Phu Ward, District 2, Ho Chi Minh City, Vietnam
Tel: (+84 28) 62810430 / Fax: (+84 28) 62810437 - Email: vasephcmcity@vasep.com.vn
Rep. office in Ha Noi: 10 Nguyen Cong Hoan Street, Ngoc Khanh Ward, Ba Dinh District, Ha Noi City, Vietnam
Tel: (+84 24) 37715055 / 37715318 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
In charge of content: Nguyen Hoai Nam (Mr) – Deputy General Secretary of VASEP
Managing Editor: Phung Thi Kim Thu (Ms.) Tel: (+84 24) 37715055 (ext: 203)
Email: kimthu@vasep.com.vn