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 fisheries production in the first 6 months of the year reached nearly 4.2 million tons

08:30 07/08/2022

(seafood.vasep.com.vn) According to Directorate of Fisheries, Vietnam fisheries production in the first 6 months of the year was estimated at 4,196.8 thousand tons, increased by 2.5% over the same period last year (in the second quarter of 2022, it reached 2,333.3 thousand tons, up 2.9%), including: Fish reached 3,044.4 thousand tons, up 1.7%; shrimp reached 520 thousand tons, up 9.4%; other marine products reached 632.4 thousand tons, up 1.2%.

Vietnam aquaculture production in the first 6 months of the year was estimated at 2,267.7 thousand tons, up 7.4% over the same period last year (in the second quarter of 2022 reached 1,279.7 thousand tons, up 9.2%), including: fish reached 1,552.8 thousand tons, up 6.5%; shrimp reached 448.4 thousand tons, up 11.3%; other marine products reached 266.5 thousand tons, up 5.8%. Pangasius output reached 772.5 thousand tons, up 11.2% over the same period last year; white leg shrimp production reached 299.7 thousand tons, up 16.3%; Black tiger shrimp production reached 117.9 thousand tons, up 2.5%.

Fishing production in the first six months of the year was estimated at 1,929.1 thousand tons, down 2.6% over the same period last year, of which: Fish reached 1,491.6 thousand tons, down 2.9%; shrimp reached 71.6 thousand tons, down 1.2%; other aquatic products reached 365.9 thousand tons, down 1.8%.

Compiled by My Hanh