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.

HCM City, Northern Australia broaden agro-aquatic partnership

16:52 05/01/2015

An Australian delegation headed by Deputy Governor Willem Westra van Holthe is in Ho Chi Minh City to seek ways to promote agro-aquatic collaboration with the southern city.

Meeting the guest on April 23, Deputy Chairman of the municipal People’s Committee Tat Thanh Cang said various Australian official development assistance programmes have yielded significant achievements, particularly infrastructure and bridges in the Mekong Delta over the past 10 years.

Ho Chi Minh City and the Australian government have also developed a healthy relationship in trading food and agriculture, he added.

In return, the Deputy Governor, who is also Minister for the northern territory’s Infrastructure and Regional Development, praised the Vietnam-Australia friendship over the past 40 years, which has expanded through numerous collaborative programmes.

Westra van Holthe reiterated that the Australian government and its Northern territory appreciate their relationship with Vietnamese partners and will broaden collaboration in agro-aquatics to bolster the bilateral relationship.

(Source: VNA)