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.  

Binh Dinh strives for sustainable fisheries development

With more than 134 kilometres of coastline and various bays, lagoons and river mouths, the central province of Binh Dinh is striving to leverage its geographic potential for sustainable fisheries development in both sea fishing and aquaculture as well as aquatic processing for exports.

The province has set its sights on an annual increase of 6.9 percent in the total offshore catch volume in 2015.

To achieve the target, the province has proactively implemented Government policies to support the fishing sector, said Director of the provincial Department of Agriculture and Rural Development Phan Trong Ho.

He continued to say that the province plans to build 200 fishing vessels using steel and new materials this year while carrying out a pilot project on tuna purchasing, processing and consuming through cooperation between the provincial People’s Committee and the Japan-Vietnam Friendship Association in the Japanese city of Sakai .

Binh Dinh will also accelerate work on the upgrades to De Gi port in Phu Cat and preparations for other fishing port projects in Phu My district and Quy Nhon city.

Meanwhile, aquaculture is projected to produce 9,000 tonnes of products, nearly 6,000 tonnes of which are shrimp.

Local agencies will continue to introduce farmers to cultivating techniques and disease prevention measures, while intensifying inspections and management of young fry, feed and farming environment.

Furthermore, the province is cooperating with relevant agencies to carry out activities to promote sustainable aquaculture development and map out two high-tech aquaculture zones, Cat Thanh in Phu Cat commune and My Thanh in Phu My commune.

In a bid to improve aquatic processing capacity towards the goal of 75 million USD in aquatic product export, Binh Dinh authorities are to focus on building a tuna production chain model from fishing, purchasing to exporting.

Accordingly, it will call for more investments for planned processing sites in two coastal districts and one city, Hoai Nhon, Phu Cat and Quy Nhon, facilitate the construction of aquatic product processing plants of Minh Phu Group and Hokugan Group. Site clearance is being sped up in order to break ground on Hai An 2 seafood processing plant this April, which is invested by the Binh Dinh Seafood Company.

The province will also invest in expanding fishing logistics services by setting up logistic trawlers working at sea to timely provide gasoline, fresh water and ice as well as to purchase products from fishermen.

(Source: VNA)


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