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.  

Expo-Russia Vietnam to enhance bilateral economic links

Expo-Russia Vietnam 2017, the second edition, is scheduled to take place at Melia Hanoi from December 13 to 15 with a view to promoting the two countries’ trade and economic ties and Russia’s export to Southeast Asia.

Nguyen Tuan Hai, deputy head of the international relations department of the Vietnam Chamber of Commerce and Industry (VCCI), said at a press conference on December 11 that the expo will showcase products and services for export, investment projects, and research findings of businesses, universities and research agencies.

It will also introduce achievements in energy, machine manufacturing, transport, telecommunication, mining, chemical industry, health care, agriculture, and hi-tech industries.

He noted at the expo, which will attract hundreds of businesses from the two countries, Vietnamese firms will have a chance to learn about Russia’s investment environment and seek business partnership.

D.R.Vartanov, Director of Russian company Zarubezh Expo – head of the expo’s organising board, said at the first event in December 2015, the Russian side inked 172 agreements with Vietnamese partners.

Russian businesses are paying special attention to the Asian-Pacific region, he noted, expressing his belief that the two countries will reap more successes in cooperation in energy, transport, health care, telecommunications and tourism.

A series of trade promotion activities will take place as part of the expo, including a Vietnam-Russia business forum, a workshop on economic cooperation between member countries of the Eurasian Economic Union and Vietnam, and roundtables on agriculture, energy, transport, and health care.

According to the General Department of Vietnam Customs, bilateral trade was at 1.7 billion USD in the first six months of 2017, including over 1 billion USD of Vietnam’s exports to Russia.

Source: VNA


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