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, farm produce exports to Netherlands on the rise

Vietnam’s aquatic product exports to the Netherlands enjoyed a substantial jump of 15.4 percent to 101 million USD in the first half of the year, paving the way for the shipment growth in the European market.

The export of aquatic products to the western nation experienced a fall in 2015 and 2016. The recovery in the market will spur seafood consumption in the EU market after a steep decline due to issues related to exchange rates, economics and politics.

The Netherlands has been a stable import market of Vietnamese aquatic products as the country purchases not only for domestic consumption but also re-export to nations in the EU bloc, according to Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP).

Food safety and hygiene, and a free trade agreement between Vietnam and the EU which will take effect at the end of 2017 or the beginning of 2018 have prompted the EU countries to increase imports of Vietnamese aquatic products, particularly shrimps, VASEP said.

Vietnam’s cashew nut exports to the Netherlands also enjoyed a considerable hike in the first half of the year. The country sold 222.5 million USD worth of cashew nuts in the market, up 37.6 percent from the same period last year. The Netherlands became the second largest importer of Vietnamese cashew nuts, behind the US (543.3 million USD).

In his recent official visit to the Netherlands, Prime Minister Nguyen Xuan Phuc lauded the country’s support for the sustainable development of the Vietnamese food industry. On the occasion, Vietnam invited the Netherlands to attend the Vietnam International Food Industry Exhibition 2018 (Vietnam Foodexpo 2018) as an honourable guest.

Hoe said that the event will bring the images of Vietnamese foods, including aquatic products, closer to consumers in the Netherlands as well as other EU countries, especially those with high demand.

Source: VNA


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