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 reached nearly 3 billion, down 16%

16:37 07/07/2015

(vasep.com.vn) Through June 2015, seafood export turnover reached USD 2.97 billion, down 16% over 2014. Seafood export value of Vietnam in June 2015 reached the record low level in the last 3 months.

As reported by the Ministry of Agriculture and Rural Development, seafood exports of Vietnam in this month estimated to gain US$ 527 million, down 20.9% from the same period last year. The US remains the leading import market of Vietnam fish, accounting for 19.3% of total export value. In the first 5 months of 2015, seafood exports to this market reached 473 million, down 29.1% from the same period in 2014.

Exports to Japan and South Korea, the second and third largest markets also dropped at respectively 11.9% and 5% to US$ 365.6 million and US$ 214.5 million. While fish sales to Thailand and UK were up 16.9% and 43%.