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.  

Work starts on high-quality breeding shrimp farm in Soc Trang

Construction on the first high-quality breeding shrimp farm began in the Mekong Delta province of Soc Trang on July 18.

Invested by Viet-Uc Corporation (VUC) at a total cost of 120 billion VND (5.21 million USD), the farm will sit on a site of over 23ha in the first stage which will be completed in June 2018, producing around 5 billion breeding shrimps per year and generating jobs to roughly 400 local workers.

The second stage, which will start in late 2018, will extend to more than 60ha.

Luong Thanh Van, Chairman of the VUC Board of Directors and General Director, said VUC has produced about 40 billion breeding shrimps, accounting for 24 percent of market share nationwide.

It is the VUC’s fourth farm in the Mekong Delta and the ninth nationwide, he said.

Tran Van Chuyen, Chairman of the provincial People’s Committee, said Soc Trang needs 16 billion – 18 billion breeding shrimps each year, adding that the project will help cut transportation costs and offer jobs to hundreds of local people.

He pledged all possible support for the project and asked VUC to accelerate the construction.

Source: VNA


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