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.

Tan Cang-Hiep Phuoc seaport inaugurated in Ho Chi Minh City

17:13 05/27/2015

Tan Cang-Hiep Phuoc seaport, which is capable of handling 50,000-70,000 DWT ships, was inaugurated in Nha Be district, Ho Chi Minh City on May 19.

Its construction, sprawling over 18.7ha, was divided into two phases at a total cost of VND1.5 trillion (US$71.4 million).

With a 420-metre-long pier and a 253-metre-long dock for barges to handle 9 million tonnes of cargo per year, Tan Cang-Hiep Phuoc is projected to become a major trans-shipment port for goods from the southern industrial parks in Ho Chi Minh City and Mekong Delta provinces, and serve as a key shipping hub for Asian goods.

It also takes advantage of the Soai Rap channel to save transportation time and cost rather than sailing through Long Tau channel.

(Source: VNA)