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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.  

Related News:
Jan – Sep 2014: Pangasius exports up slightly
(vasep.com.vn) In the first 9 months of 2014, Vietnam’s pangasius exports were US$ 1.276 billion, up 0.2% year on year. Pangasius, accounted for 22 % of total seafood export value of Vietnam, was the second most exported seafood, after shrimp.
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Dong Thap: seafood exports up 17.8% in October
(vasep.com.vn) Data from General Statistics Office, in October, Dong Thap exported 21,983 MT of pangasius, up 2.48% month on month and up 17.8% year o...
Vietnam’s tuna exports to the US recovers
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Ca Mau: total production reached 36,000 MT in October
(vasep.com.vn) According to Ca Mau Provincial Department of Agriculture and Rural Development, total fisheries production in October was estimated at...
Pangasius enterprises show their interests in processing
(vasep.com.vn) Many pangasius enterprises are investing in processing to create products with higher values such as cooking oil, collagen and gelatin...
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Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
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