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.  

Prospects for Vietnam’s export of frozen raw shrimps to Australia

Vietnam is looking to export frozen raw shrimps to Australia as the country has a great demand of this kind of product, said Deputy Minister of Agriculture and Rural Development Vu Van Tam.

In his interview granted to Vietnam News Agency correspondents in Sydney on the occasion of his working visit to Australia from September 8-10, Tam said that the issue was discussed during his meeting with officials from the Australian Department of Agriculture and Water Resources.

Vietnam has so far shipped only processed shrimps to Australia, but not frozen raw ones. The country has been the largest supplier of processed shrimp products to Australia over the past five years.

According to the Deputy Minister, the Australian side showed interest in importing Vietnamese frozen raw shrimps.

In the fourth quarter of 2016, a delegation of Australian experts will make a fact-finding tour to Vietnam to inspect whether Vietnam meets requirements in production in order to export raw shrimps to their country or not.

Deputy Minister Tam said he believes that Vietnam can meet all requirements of Australia as over the past time, the country has focused on investing in shrimp farming technologies, and paid attention to controlling diseases and improving the quality of young shrimps.

According to the Vietnamese Trade Office in Australia, Australia has a great demand of seafood, with the import turnover increasing from 868 million USD in 2011 to 1.6 billion USD in 2015.

Vietnam is the fourth biggest seafood provider for Australia, but accounting for only 11.2 percent of the market share.

In the past five years, Vietnam remains the largest supplier of processed shrimps to Australia. However, its export turnover in the market decreased by 25.6 percent last year, and by 16 percent in the first seven months of this year.

The meeting also looked at measures to remove hindrances to trading of agricultural products between the two countries, including Australian fruits and cattle.

Source: VNA


Comment

  • Detail-Right-Top