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 aims for increasing seafood exports by 24%

Can Tho province is expected to earn US$485 million from seafood exports this year, a year-on-year increase of 23.4% and accounting for 33.4% of the province’s total export turnover.

Duong Nghia Hiep, Deputy Director of the provincial Department of Industry and Trade (DoIT) said this year seafood exports continue to face certain difficulties. Some countries still impose the highest anti-dumping tariffs on Vietnam’s shrimps and put up more trade barriers to protect their domestic production.

To deal with the difficulties, Can Tho has implemented a series of measures to improve the quality of products, speed up the export of high-grade seafood, ensure food hygiene and safety and diversify export products.

It has bought 100,000 tonnes of prawn shrimp, whiteleg shrimp and tra fish from Ca Mau, Bac Lieu, Soc Trang, Kien Giang, An Giang and Dong Thap provinces to process for exports. This way helps increase the proportion of high-grade export products and meet the needs of fastidious markets in Europe, North America, Oceania and Japan.

According to the DoIT, on the first 10 days of January, the province exported 4,400 tonnes of seafood, earning US$13.3 million, US$1.7 million higher than the same period last year.

Last year, despite technical barriers and trade disputes with many foreign partners, the province still shipped 140,000 tonnes of seafood worth US$420 million, a rise of 9% over a year earlier. 

(Source VEN)


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