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 to thrive in 2017: Russian experts

10:21 02/09/2017

In an interview with the Sputnik news agency, a number of Russian experts forecast 2017 will be a year of success for Vietnam.

Evgeny Glazunov, honorary chairman of the Russia-Vietnam Friendship Association, foresaw the improvement of Vietnam’s socio-economy and Vietnam-Russia ties.

He highlighted that the country would continue to be among top ASEAN economies and contribute more to the development of the bloc.

Journalist and historian Piotr Tsvetov said he believes that Vietnam will reap more success this year than in 2016, adding that the country is facing far less challenges than many other nations across the globe.

He said Vietnam would enjoy stable and promising partnerships with the outside world, while local leaders have been making effective moves to tackle domestic issues.

Nikolai Kolesnik, head of the Russian veteran association, noted that Vietnam would build up momentum towards development this year based on achievements it made in 2016.

Source: VNA