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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 2016

In 2016, total national capture output estimated to reach 3,1 million MT, up 3% over 2015, including 2.876 million MT from marine catch (+2.21% year on year) and 0.2 million MT from inland catch (-1% year on year). 

In 2016, total export value of marine products was US$2.2 billion, up 6.4% year on year. In the year, exports of tuna valued at US$510 million, cephalopod with US$439.04 million, surimi with US$256 million, crab with US$124.5 million, bivalve mollusk with US$82.2 million, finfish and other marine products with US$775.77 million.

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Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Add: 218 Road Nguyen Quy Canh, Zone A, An Phu An Khanh New Urban Area, District 2, HCM city, Vietnam
Tel: (+84 8) 62810430 / Fax: (+84 8) 62810437 / Email: vasephcmcity@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 4) 37715055 (ext: 203)
Email: kimthu@vasep.com.vn
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