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.  

Kien Giang exports surpass yearly target

The Mekong Delta province of Kien Giang earned 470 million USD from exports in 2017, surpassing its target by 17.5 percent, up 43 percent year on year, reported the provincial Department of Industry and Trade.

Le Thi Nhut, Deputy Director of the Department, said the growth was led by increases in the export of aquatic products, which reached 192 million USD, exceeding the target by 32 percent, up 42.5 percent year on year, thanks to growing demand in traditional markets.

Local exporters sought foreign partners and stepped up the use of technology to meet product quality requirements of import markets, while focusing on processing to enhance the added value and competitiveness of their products.

Border trade exchange has been accelerated, contributing to boosting local exports. The locality has also consolidated traditional markets, expanded to new ones and sought partners.

Numerous trade promotion events have been conducted in Cambodia, Laos, Thailand, Japan, India and in North America.

Provincial authorities have also helped local export firms attend trade fairs and forums at home and abroad so they can introduce their products to potential partners.

Kien Giang enterprises have developed links with those from Australia, New Zealand, and Israel to ship their canned aquatic products to those markets.

In 2018, the province aims to earn 520 million USD from exports. To realise this target, the province plans to produce high-quality shrimp and rice for processing and export.

It will also encourage and help local enterprises to update their technology, equipment and improve production process to improve product quality.

The locality will continue addressing difficulties facing local exporters while boosting trade promotion and expanding export markets for local key products, including rice, aquatic products, pepper and fish sauce, as well as for new products, such as apparel, footwear, wood products and beer.

VNA


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