GENERAL INFORMATION

Vietnam, with a coastline of over 3,260 kilometers (km) and more than 3,000 islands and islets scattered offshore, plus up to 2,860 rivers and estuaries, has been geographically endowed with ideal conditions for the thriving fishery sector which currently exists.

Great potential of fishery sector in Vietnam is embedded in water bodies of 1.700.000 ha in which 811.700 ha freshwater, 635.400 ha brackish waters and 125.700 ha coves and 300.000 - 400.000 ha wetland areas might be employed for aquaculture development.

The Mekong River Delta in the south and the Red River Delta in the north have been used for wild catch fishing as well as extensive fish farming.

Shrimp and pangasius mostly farmed in the Mekong River Delta, in which, shrimp farmes located in coastal provinces such as Tra Vinh, Bac Lieu, Soc Trang, Ca Mau, Kien Giang, Ben Tre..

Pangasius farming is developing in many provinces in Mekong River Delta such as Can Tho, Vinh Long, Tien Giang, An Giang, Dong Thap, Soc Trang, Hau Giang, Tra Vinh....

Production in the fishery sector grew at an average rate of 7.05% from 1991 to 2000, and 10% from 2001 to now. Vietnamese fisheries production increased steadily YoY. Aquaculture output tent to sharply rise while capture ouput tend to slow down. In 2023, aquaculture occupied 59%, fishing output occupied 41%. From 2018-2023, ratio of fishing output has decreased from 46% to 41% of total fishery production in Vietnam. In 2023, total aquaculture area was 5.408 million tons, up 3.5%; total fishing output was 3.861 million tons, equal to 2022.

Agro-forestry-fishery exports hit 7.6 billion USD in Q1

The export value of agricultural, forestry and aquatic products reached 7.6 billion USD in the first three months of 2017, a year-on-year increase of 7.6 percent.

In March alone, the earnings from these products were estimated at 2.9 billion USD, according to the Ministry of Agriculture and Rural Development.

The increase was buoyed by a year-on-year surge of 13 percent in the export value of wood and wood products in the first quarter to 1.7 billion USD, with 649 million USD earned in March.

Aquatic product exports in the period grew by 3.6 percent from the same period of 2016, to 1.5 billion USD, including 537 million USD in March.

Meanwhile, rice exports dropped 18.1 percent in volume and 17.3 percent in value year- on-year, to 1.28 million tonnes and 566 million USD. In March alone, Vietnam exported 542,000 tonnes of rice for 251 million USD.

Coffee exports saw a drop of 5.4 percent in volume to 449,000 tonnes, but a surge of 25.6 percent in value, reaching 1 billion USD.

According to the Ministry of Agriculture and Rural Development, the import value of agro-forestry-aquatic products in the first quarter was estimated at 6.01 billion USD, up 14.3 percent year on year, including 1.96 billion USD worth of products imported in March.

The value of agro-forestry-aquatic production enjoyed a year-on-year increase of 1.98 percent in the first quarter, of which the agricultural sector up 1.41 percent, forestry 5.04 percent, and fishery 3.59 percent.

Source: VNA


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