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.

Tien Giang earns record export revenue in Q1

The Mekong Delta province of Tien Giang earned a record export revenue in the first quarter of 2017, the provincial Department of Industry and Trade has said.

During the first three months of the year, the provincial export value reached US$627 million, which is around 27 per cent of its annual target and more than 50 per cent increase year-on-year, Ngo Van Tuan, director of the department, said. Around 58.5 per cent of this contribution came from foreign-invested enterprises.

Tien Giang’s major export products, including handbags, apparel, bronze pipes, processed seafood and footwear, have recorded a strong growth.

The export value of handbags and garments hit around $157 million and $128.5 million, a year-on-year surge of 52.3 per cent and 52.8 per cent, respectively. The export of bronze pipes stood at 14,000 tonnes, earning $93.3 million, up 38 per cent in volume and 60.8 per cent in value.

Processed seafood soared 57.3 per cent in volume and 56.3 per cent in value to 44,400 tonnes and $88.4 million.

America remained Tien Giang’s largest export market, accounting for 40 per cent of its exports, followed by Asia and Europe, which indicates that the province’s products met the strict quality and export standards set by American markets.

Since the start of this year, Tien Giang has been pushing for an action plan to implement the 2011-20 export-import strategy with a vision to 2030. Its focus has been on facilitating business development, creating favourable conditions for enterprises in developing export products and markets, and attracting investments.

Tuan said the province has closely watched enterprises’ production and business, especially of exporters of key products and large enterprises, and helped resolve many of their problems. The province has been focusing on development of new export markets to avoid dependence on one or two traditional export markets, he added.

The department has also shared detailed information about bilateral and multilateral free trade agreements between Viet Nam and its foreign partners with local enterprises to help them pursue new opportunities.

In 2017, the province expects to earn $2.35 billion from exports, up 11.4 per cent year-on-year.

Source VNS


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