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 to host Aquaculture Vietnam 2017

11:10 03/03/2017

The Aquaculture Vietnam 2017, the country’s first show on the fishery sector, is scheduled to take place in the Mekong Delta city of Can Tho from October 25 to 27.

The event is expected to draw 120 businesses from 20 countries and territories, the organising board said on February 22.

Several international conferences on aquaculture will also be held at the event, featuring many leading experts.

According to the Vietnam Fisheries Society, aquaculture contributed three percent to the country’s gross domestic product in 2016. Export turnover of aquatic products increased 7.4 percent year-on-year, reaching 7.05 billion USD.

The figure is expected to rise 5 percent this year, hitting 7.5 billion USD, 65 percent of which would come from aquaculture.

Source: VNA