GENERAL INFORMATION

In Vietnam, the fishery sector plays an important role in the national economy, accounting for about 4-5 percent of Gross Domestic Product (GDP) and about 9-10% of national export revenue.

More than 4 millions of people working in the fishery and the growth in production have attributed to the fish exports. Thanks to strongly increase in many years, Vietnam ranks among the top ten seafood suppliers and its seafood products are exported to 170 markets in the world.

Shrimp, pangasius, tuna, squid and octopus are main seafood products exported by the country. In which, shrimp exports create about US$ 3.5 – 4 billion, make up 46-50% of the total seafood sales of Vietnam. Earnings from pangasius reached at US$ 1.7 – 1.8 billion (25% of the total) and exports from Tuna and Cephalopods are US$ 450 – 550 million for each.

Exports to the U.S, Japan, EU, China and South Korea make up 75% of Vietnam’s seafood sales to the wolrd.

5 advantages for Vietnam seafood exports:  

(1)  High commitment and participation from Government, Industry and companies for food safety, environment  and social responsibility;

(2)  Able to supply the big volume and safe quality and stable seafood products;

(3)  Meet all the customers’ requirements, incl. the vertical linkage (integration) for each species sector;

(4)  Vietnam is one in few countries in the world which has the good and stable labor resource; 

(5)  Vietnam has Agreements / FTAs with many countries and territories and has advantages both in product quality and im-ex tax.  

Agro-forestry-fishery exports exceed 6 bln USD in first two months

Export turnover of agro-forestry-aquatic products in February 2018 was estimated at 2.6 billion USD, raising the total value in the first two months of 2018 to 6.1 billion USD, up 30.2 percent against the same period last year.

According to the Ministry of Agriculture and Rural Development, export value of key farm produce hit 3.3 billion USD, a year-on-year rise of 27.8 percent.

Meanwhile, revenue from aquatic and forestry product shipments reached 1.2 billion USD and 1.43 billion USD, increases of 29.5 percent and 28.5 percent, respectively.

In February, Vietnam earned 179 million USD from export of about 369,000 tonnes of rice, raising the Jan-Feb rice exports to 861,000 tonnes, worth 419 million USD, up 17.2 percent in volume and 34 percent in value over the corresponding period in 2017.

Other products saw increases in both volume and value, including coffee, tea, cashew nuts, vegetable and fruits, cassava, and cassava products.

Cashew nut export topped the list in the Jan-Feb period, with 54,000 tonnes shipped abroad, worth 555 million USD, up over 73 percent and nearly 95 percent, year on year. It was followed by vegetables and fruit, worth 672 million USD, up 59.5 percent.

Export revenue of rubber and pepper increased 29.5 percent and 36.5 percent to 348 million USD and 121 million USD, respectively.

According to the Ministry, agro-forestry-fishery imports in February were estimated at 2.57 billion USD, raising the total value in the first two months to 5.29 billion USD, a year-on-year increase of 30.6 percent.

VNA


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