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.

Japanese prefecture seeks opportunity in Vietnam

08:33 03/08/2017

An event to conct businesses from Vietnam and Japan’s Hokkaido prefecture was held in HCM City on February 27 to seek opportunities for cooperation and exports of local products to Vietnam.

Horiuchi, a representative of the Hokkaido business delegation to event which was organised by the Hokkaido Industry and Trade Association and the Japan External Trade Organisation (JETRO), described Vietnam as one of the most important partners of Japan in ASEAN. Japanese localities, including Hokkaido, are keen on the market and promoting trade activities with Vietnam.

Hokkaido businesses wish to cooperate with Vietnam in import-export, distribution, retail, restaurant, with a hope of bringing local high quality products to Vietnamese consumers, he added.

Hokkaido is Japan’s leading locality in agriculture and food processing, with rice, beef and seafood being the most famous products.
Vietnamese businesses highlighted the quality of Japan’s processed food, and said that to popularise Japanese products in Vietnam, businesses should lower price by cutting down costs on transport and intermediate.

Source: VNA