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.

Aquaculture Vietnam 2016 to take place in October

11:41 09/27/2016

An international conference on aquaculture, fisheries and seafood supply chains – Aquaculture Vietnam 2016 - will be organised in HCM City in the middle of next month.

With the theme of "Sustainable Aquaculture in Practice," the conference will feature many leading experts and companies in the industry as well farmers who will discuss the industry's outlook, challenges and opportunities, as well as the sector's trend and opportunities.

Topics will include feed outlook and technology, the outlook for pangasius and shrimp; challenges and opportunities of vegetable proteins; the impact of different inorganic phosphorus sources on growth performance, digestibility, retention efficiency and excretion of nutrients in fish; financing for investment, insurance and logistics for Vietnam aquaculture; seafood consumption in key markets such as EU, Japan, China and USA; and improving the value chain in the aquaculture industry in Vietnam.

Source: VNA