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.  

Aquatic export enjoys 29.5-percent growth in Jan-Feb

Vietnam’s seafood export turnover hit 1.11 billion USD in the first two months of 2018, posting a year-on-year increase of 29.5 percent.

According to the Ministry of Agriculture and Rural Development, Japan, the US, China, and the Republic of Korea were top four importers of Vietnamese aquatic products in January, accounting for 50.9 percent of the total export value.

Also in the first two months, Vietnam imported 270 million USD worth of aquatic products, a year-on-year surge of 33.1 percent.

The Ministry said the production and sale of Tra fish (pangasius) has showed positive signs. Notably, the price of Tra fish materials hit a high record, standing at 28,000-29,500 VND (1.22 – 1.29 USD)/kg.

Tra fish output in the Mekong Delta localities in the last two months was estimated at 163,300 tonnes, 8 percent higher than that of the same period of 2017. An Giang and Can Tho are the main contributors to the region’s total Tra fish production with respective volumes of 49,000 tonnes and 17,200 tonnes.

Vietnam’s tra fish exports reached 1.8 billion USD in 2017, up 4 percent against 2016.

China, the US and the EU were the country’s largest importers of tra fish.

Meanwhile, the black tiger and white-leg shrimp yield in the Mekong Delta region respectively reached 29,800 tonnes and 10,800 tonnes, respectively up 8.1 percent and 2.2 percent.

VNA


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