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.  

PM urges more drastic actions to promote production, business

Information work plays an important role in consolidating public confidence in domestic production, Prime Minister Nguyen Xuan Phuc has said.

This is one of the directions the leader has made during his working session with representatives of relevant ministries and agencies in Hanoi on March 18, which sought solutions to remove difficulties to production and business, and ensure the yearly growth target.

He urged agencies to take drastic actions in order to consolidate confidence of people and businesses, saying dealing with institutional shortcomings should be the most important task.

Besides, it is necessary to handle limitations in coordination between ministries, agencies and localities, he said, suggesting the organisation of conferences on key economic zones in order to address specific problems.

The PM asked ministers and local People’s Committees to trace obstacles to the disbursement of public investment.

Greater efforts should be made to ensure credit growth in support of production and business activities, prevent and control African swine fever and keep farm produce export at 43 billion USD as set by the Government.

The construction, and natural resources and environment sectors were requested to speed up the implementation of existing projects, while the Transport Ministry was asked to promptly implement large-scale transport infrastructure projects, with a specific schedule. 

PM Phuc assigned the Ministry of Planning and Investment to coordinate with the Government Office and relevant agencies in drafting his Directive made during the working session to issue it this week.

VNA


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