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 joins biggest seafood expo in North America

Fifteen leading Vietnamese enterprises is taking part in the Seafood Expo North America, the biggest annual event of its kind in the region, which opened in Boston, the US, on March 17.

The three-day expo attracts over 1,000 firms from more than 50 countries all over the world, displaying fresh and frozen products and high-tech processing machines. It also features seminars on growth trends and predictions, consumers’ impact on the industry, standards for tracking products’ origin, remotely controlled devices serving sustainable aquatic development, among others.

The Vietnamese delegation to the event, led by the Vietnam Association of Seafood Exporters and Producers (VSEP), consists of companies, which have made their trademark known overseas, like Vinh Hoa, Minh Phu, Hung Vuong, Nghi Son, Trang Thuy, and Seaprimexco.

Aquatic products are a key export commodity of Vietnam, which reeled in 9 billion USD last year.

To Thi Tuong Lan, deputy general secretary of VASEP, said Vietnamese seafood quality have received praises in international markets, particularly the US.

According to Lan, given upbeat growth signals in the global and US markets, Vietnam sees opportunities to export other high value added processed products in addition to its staples such as Tra fish and shrimp.

On the sidelines of the expo, representatives of the Ca Mau trade promotion centre met with its US partners to introduce local potential and efforts to develop a clean shrimp cultivation model. Aquatic exports of Ca Mau, a province in the Mekong Delta region, currently account for 30 percent of Vietnam’s total.

VNA


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