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.

Exports of aquatic products estimated at 4.3 bln USD

16:18 08/08/2017

Vietnam’s export turnover of aquatic products was estimated at 727 million USD in July, raising the total in the first seven months of this year to 4.3 billion USD, up 17.5 percent year-on-year, reported the Ministry of Agriculture and Rural Development.

The increase was attributed to growth in key export markets, including China by 47.9 percent, Japan by 32.5 percent, the Republic of Korea by 27.7 percent, the UK by 25.3 percent, the Netherlands by 19.5 percent and Canada by 18.1 percent.

Imports of aquatic products reached 112 million USD in July, raising the total in the first seven months to 761 million USD, up 30.1 percent year on year.

In the reviewed period, aquatic production was estimated at nearly 1.96 billion tonnes, up 4.4 percent year on year, including 1.85 million tonnes of sea catch, up 4.5 percent from the same period last year and 66.1 percent of the year’s target.

Tuna catch was estimated at 14,282 tonnes, up 12.7 percent year on year, mostly in Binh Dinh, Phu Yen and Khanh Khoa provinces.

VNA