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.

Ca Mau targets 1.1 billion USD in export revenue for 2017

09:06 12/20/2016

The southernmost coastal province of Ca Mau aims to achieve 1.1 billion USD worth of export revenue in 2017, said Pham Bach Dang, standing vice secretary of the provincial Party Committee.

To realise the goal, Ca Mau prioritises improving business climate and administrative procedures, intensifying trade promotion activities and expanding export markets.

The province expects to earn 1 billion USD from exports in 2016, or only 77 percent of the year’s plan. This is the second year in a row the province has failed to meet its export target.

Dang attributed the failure to the low value of some major currency earners, particularly fertilizers and fishery products.

The recovery of the shrimp industry in many countries coupled with fluctuated exchange rate of the US dollar have reduced prices of Vietnamese export shrimp, he explained.

Local seafood producers are working to shake up technologies and assembly lines for better processing capacity and product quality.

In addition to developing concentrated shrimp farming, Ca Mau is implementing a range of eco-farming models that provide clean materials for local seafood processors.

Source: VNA