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.  

Japan to build tuna processing plant in Phu Yen

The Japanese Hokugan Company intends to build an ocean tuna and other aquatic products processing plant in the Dong Tac fishing port, Tuy Hoa city of the central coastal province of Phu Yen in the near future.

At a recent working session with Vice Chairman of the provincial People’s Committee Le Van Truc, Director of the company Kawahira Manabu said the plant will be designed to have a capacity of 1,800 tonnes per month.

The two sides also discussed fishing equipment and technique support for local fishermen.

Truc said the province will address land clearance over three months and continue to exchange information with the Japanese firm to accelerate the implementation of the project.

The Japanese company is providing fishing tools for locals in Tuy Hoa’s Ward 6 and committed to sending experts to offer technical instruction to local fishermen.

Phu Yen catches 6,000 tonnes of ocean tuna and 3,000 tonnes of cuttlefish on a yearly basis, Truc said, adding that the output and quality will increase thanks to modern Japanese technology.

According to the provincial Department of Planning and Investment, the Japanese firm has studied a 16,500 sq.m site in Dong Tac fishing port for its investment since September 2014.

The Okinawa-based company also hopes to build a high-quality ice water production plant for improved seafood preservation.

(Source: VOV)


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