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.

Can Tho achieves US$616 trade surplus in 9 months

14:42 10/14/2014

The Mekong Delta province of Can Tho has gained a record trade surplus of US$616 million in the first nine months of 2014, according to the provincial Planning and Investment Department.

For the nine month period, exports were estimated at US$914 million and imports hit US$298 million.

Rice and seafood-the two key exports reached 532,000 tonnes and 70,000 tonnes, respectively.

Other products such as garments and textiles, pharmaceuticals, art and handicrafts, footwear, iron and steel, fruits and canned mushrooms achieved total export earnings of US$181 million, up 29% on-year.

(Source VOV)