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.  

Kien Giang sees export surge in Q1

The Mekong Delta province of Kien Giang raked in nearly 137 million USD from exports during the first three months of this year, an 81 percent increase from the same period last year.

Of the total, the export value of farm products accounted for 60 million USD and that from aquatic items was 38 million USD, up 59 percent and 18 percent, respectively. Other products brought home nearly 40 million USD, a seven-fold increase year on year.

Director of the provincial Department of Industry and Trade Ngo Cong Tuoc said the province has boosted trade promotion to expand export markets for its key products such as rice and seafood, and footwear.

Local exporters have also focused on traditional markets while exploring new and potential markets. Connection between enterprises and farmers in key production areas has also been strengthened to ensure material supply for for-export processing.

In order to realise the export target of 520 million USD, the province will develop a large-scale and high-quality rice growing zone and expand high-tech shrimp farming in the Long Xuyen Quadrangle to ensure shrimp and rice supply for processing for export.

The province also encourages local enterprises to modernise technology, improve production procedures and product quality, build brands and enhance competitiveness, particularly for aquatic products.

Assistance will be offered to firms facing difficulties in capital and labour to boost production and exports of key products, including rice, aquatic products, footwear and wood.

Trade promotion and marketing will be strengthened, in tandem with information and market forecast.

VNA


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