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 eyes Russian market

17:03 09/29/2014

The Mekong Delta city of Can Tho will promote exports of agricultural products and seafood to Russian market in a bid to improve living standards for its farmers.

At present, Can Tho's agricultural and aquatic products amount to only 1.6 percent of Viet Nam's total exports to Russia.

At Wednesday's meeting on commodity exports, vice-chairman of the municipal People's Committee, Truong Quang Hoai Nam, asked the municipal Department of Industry and Trade to conduct market surveys with the city's Trade and Investment Promotion Centre.

The surveys will seek information on taxes and quality requirements for goods eyeing the Russian market.

He suggested that businesses should diversify export products and promote their goods on Russian websites.

Director of the Department of Industry and Trade, Nguyen Minh Toai, said Can Tho's main exports to Russia included rice, tra fish fillet, molluscs; and frozen, dried and salted fish.

(Source VNS)