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.

Vietnamese agro-forestry-fishery products introduced in Egypt

08:40 03/27/2018

Vietnamese agro-forestry-fishery and handicraft products have been introduced at the 51st Cairo International Fair that opened on March 14 in Egypt’s capital city, drawing visitors and businesses, especially those from the Middle East and North Africa.

Vietnamese Trade Counsellor in Egypt Pham The Cuong said that through the event, Vietnam hopes to promote investment opportunities in Vietnam to the business community in Egypt and the world.

Many foreign firms have expressed their interest in joining trade fairs in Vietnam this year such as the Vietnam Food 2018, Viet Fish and Viet Build, he said.

The fair, which will last until March 23, is being participated in by more than 40 countries around the globe.

According to Cuong, Egypt is now one of the 10 largest fabric importers of Vietnam. Two-way trade between the two countries exceeded 350 million USD in 2017, including Vietnam’s export turnover of 320 million USD.

Vietnamese products shipped to Egypt included agro-forestry-fisheries products such as peppercorn, cashew and catfish.

VNA