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.  

Vietnam among most optimistic countries on economic prosperity

Vietnam is ranked fifth in the list of the world’s most optimistic countries on economic prosperity in 2017, according to a survey by WIN/Gallup, the world’s leading association in market research and polling.

WIN/Gallup International published its 40th End of Year Survey exploring outlook, expectations, views and beliefs of 66,541 people from 66 countries across the globe in 2016.

The 2016 edition includes Vietnam data representing the views of 700 respondents from Hanoi and HCM City interviewed face-to-face by market research company Indochina Research (Vietnam) Ltd, a member of WIN/Gallup.

The survey revealed that about 59 per cent of the respondents are optimistic about the economic outlook for 2017, 12 per cent are pessimistic and 26 per cent believe the economy would remain the same.

When it comes to global economic outlook, despite much of the world largely remaining out of recession, economic optimism declined from twelve months ago. The study showed that 42 percent of the world is optimistic for the economic outlook in 2017, almost double (22 percent) of those who are pessimistic.

Net optimism (the percentage of those saying next year will be one of economic prosperity minus the percentage who say next year will be one of economic difficulty) has fallen from 23 percent to 20 percent.

Vietnam is also ranked the fourth happiest country in the world, following Fiji, China and the Philippines, the survey said, adding that 79 percent of the respondents answering they were happy and only 1 percent said they were unhappy.

Source: VNA


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