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.  

Seafood exports hoped to fetch 7.1 billion USD in 2017

The Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD) has set a goal of 7.1 billion USD in seafood export revenue in 2017.

It targets total fishery production output of 6.85 million tonnes for the whole year, including 3.05 million tonnes of sea catch and 3.8 million tonnes from aquaculture, said Nguyen Ngoc Oai, deputy head of the agency at a conference on December 30.

MARD Deputy Minister Vu Van Tam held that in order to fulfil the goal, the fisheries sector should focus on better exploiting the country’s advantages in aquatic farming.

He noted that currently, the country has about 700,000 hectares of brackish water shrimp farm area, including 95,000 hectares of industrial shrimp farms and more than 600,000 hectares of extensive farms with low productivity. Therefore, it is possible to raise the production, the deputy minister said while stressing the need to better control diseases and expand market.

For pangasius, a key export staple, Deputy Minister Tam said attention should be focused on tackling market barriers in import countries and on building a strategy for developing national product of pangasius, creating high quality products with strong trademark.

Tam also highlighted the need to create a breakthrough in pangasius consumption in the potential domestic market with 90 million people. He revealed that the ministry will organise a large-scale trade fair specializing in pangasius in Hanoi in 2017.

According to the Directorate of Fisheries, in 2016, seafood exports fetched about 7 billion USD. Total aquatic production output of the country reached over 6.7 million tonnes, including 3.1 million tonnes of sea catch and more than 3.6 million tonnes of farmed products. Total water surface area for aquaculture was 1.3 million hectares.

Source: VNA


Comment

  • Detail-Right-Top