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.  

Australian seafood businesses explore VN market

A delegation of leading representatives from the Australian seafood industry has toured the Mekong Delta region from August 3-10 to learn more about aquaculture cooperation and investment opportunities in Vietnam.

The tour is part of a major trade promotion programme aimed at bolstering cooperative relations in the seafood sector and boosting sales of Vietnamese seafood products in Australia through an improved marketing and advertising campaign.

After visiting aquaculture farms, fish processing factories of seafood processors  in An Giang, Can Tho and Nha Trang delegation members said they were generally impressed by the high quality food safety and hygienic standards in place at the firms.

At the Vietnam Fisheries International exhibition (Vietfish 2014) in HCM City, the delegation worked with Deputy Minister of Industry and Trade Tran Tuan Anh examining ways to remove trade barriers and bolster trade.

They specifically discussed establishing an inspection department for seafood products to facilitate the sale of Vietnamese seafood in the Australian market.

At a meeting with Vietnam Association of Seafood Exporters and Producers (VASEP), both sides agreed to devise a joint action plan to promote Vietnamese high quality seafood products in Australia.

They agreed the 2015 action plan should be signed on the sidelines of the global outlook for aquaculture leadership (GOAL) conference to be held in HCM city this October.

In 2013, Australian imports of Vietnamese seafood reached a record high of US$1.46 billion. Vietnam is the third largest seafood provider for Australia (after New Zealand and China), comprising an 11% market share. 

(Source VOV)

 


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