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.

Vietnam, Australia boost agricultural cooperation

11:53 03/15/2017

The Australian Centre for International Agricultural Research held a conference in Hanoi on March 6 to discuss the Vietnam-Australia agricultural cooperation strategy for 2017-2027.

The conference aimed to clear up the demand of Vietnam and assistance from Australia for the plan.

Topics of discussion included food safety, climate change, soil quality and agricultural market issues.

At the event, Le Quoc Doanh, Deputy Minister of Agriculture and Rural Development, stressed Vietnam’s priority of producing safe farming products and tackling climate change challenges.

Doanh said Australia has strengths in modern farming as well as the management of diseases, supply chains and product quality in response to climate change, adding that Vietnam needs to boost capacity in those areas.

He expected the 10-year cooperation strategy will soon be completed.

Australian Ambassador to Vietnam Craig Chittick, said Australia can support and share experience with Vietnam regarding safe and effective farming practices.

Source: VNA