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, China deepen agricultural cooperation

Vietnam and China have reached consensus on further bolstering agricultural cooperation.

Vietnamese Deputy Minister of Agriculture and Rural Development Tran Thanh Nam on December 3 had a meeting with Chinese Deputy Minister of Agriculture and Rural Affairs Qu Dongyu, during which they expressed their delight at the sound collaboration between the two ministries across the fields of plantation, husbandry and aquaculture.

Discussing measures to develop agriculture and rural areas in both nations, they agreed to set up a ministerial dialogue mechanism every six months besides the annual meeting of the Vietnam-China joint committee on agricultural cooperation.

The same day, Nam had a working session with the General Administration of Customs of China (GACC) which is responsible for supervising animal and plant quarantine and food safety.

During his talks with Deputy Customs Commissioner-General Zhang Jiwen, Nam hailed efforts made by both sides in opening the Vietnamese agricultural market, and affirmed that the Southeast Asian country always focuses on accelerating agro-forestry-fishery trade with China.

Vietnam is working to develop brand names for its agricultural products to ensure that more quality goods will be consumed in the Chinese market, he said, hoping that the GACC will create favourable conditions for more Vietnamese farm produce to enter the market.

The two sides reviewed the implementation of agreements on animal and plant quarantine, and seek measures to boost trade via border gates, ensuring mutual benefits of the Vietnamese and Chinese people.

They agreed to build a regular cooperative mechanism as well as support training and information exchanges between units of the Vietnamese Ministry of Agriculture and Rural Development and the GACC.

VNA


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