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.  

Agriculture ministry boosts cooperation with Wakayama

A Memorandum of Understanding on cooperation between Vietnam’s Ministry of Agriculture and Rural Development (MARD) and the Japanese prefecture of Wakayama was signed on March 11.

The MoU, signed after a meeting between MARD Deputy Minister Le Quoc Doanh and Wakayama governor Yoshinobu Nisaka in Hanoi, focuses on three sectors – production, processing and technology transfer in agriculture; workforce development; and trade.

Doanh expressed his hope that Wakayama will enhance technology transfer in production, preservation, and processing of agro-and aqua-products, promote trade, and send experts to assist Vietnam’s coastal provinces to increase the added value of their products.

Doanh encouraged Wakayaman and Japanese enterprises in general to invest in Vietnam’s crop and animal livestock, processing, post-harvest technology and high-tech farming.

For his part, Nisaka said the numerous enterprises accompanying him on his trip hope to find cooperation and investment opportunities in Vietnam.

Wakayama has a developed farming and fishery economy and recently assisted the central coastal province of Binh Dinh in fishing techniques and tuna preservation, increasing the income of local fishermen.

(Source VNA)


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