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 up 11.5 pct in first quarter

The export of aquatic products in March was estimated at 608 million USD, bringing the total shipment in the first three months to 1.7 billion USD, up 11.5 percent annually, according to the Ministry of Agriculture and Rural Development.

Major importers in the first two months this year were the US, Japan, China and the Republic of Korea, accounting for 50.5 percent of the total. Notably, markets seeing strong export growths included the Netherlands (49.7 percent), Thailand (35.3 percent) and China (34.9 percent).

During March, aquatic products import reached 151 million USD, bringing the total value in three months to 423 million USD, marking a 32.4 percent year-on-year increase.

In the first quarter, the total aquatic production rose by 4 percent to 775,800 tonnes, 740,800 tonnes of which was tapped at sea and the remaining was home-grown.

The total tuna output was estimated at 6,406 tonnes in the three-month period, including 3,676 tonnes in the central province of Khanh Hoa, 1,500 tonnes in the central province of Binh Dinh and 1,230 tonnes in the central province of Phu Yen.

Meanwhile, tra fish production in the Mekong Delta was estimated at 230,200 tonnes, up 5.1 percent year-on-year, mostly in An Giang, Dong Thap and Vinh Long.

Tiger prawn output was 42,300 tonnes while white-legged shrimp output hit 40,300 tonnes.

VNA


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