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.

President receives RoK’s Agricultural Cooperative Federation Chairman

14:40 09/26/2014

President Truong Tan Sang received Choi Won Byung, Chairman of the National Agricultural Cooperative Federation of the Republic of Korea, in Hanoi on September 15.

The president hailed the chairman’s visit to exchange experience in developing new rural areas and a collective economy with Vietnamese partners.

He expressed his hope that the federation will support Vietnamese organisations in successfully applying the collective economy model through the provision of human resources training and financial assistance.
In response, the chairman said his visit aims to strengthen cooperation on agriculture between the two sides and boost Vietnam’s agricultural exports, particularly seafood, to the Republic of Korea. He proposed the two sides help their countries’ export products gain access to each other’s markets.
Byung also emphasised the role of Vietnamese guest workers in the RoK, regarding them as a key contribution to the country’s new rural development.

(Source VOV)