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-Argentina trade records 1.92 billion USD in 2014

15:19 01/30/2015

Trade turnover between Vietnam and Argentina was estimated at a record high of 1.92 billion USD in 2014, an increase of 20.6 percent from 2013, according to the Argentine Customs initial statistics.

Vietnam’s exports to Argentina reached 214.2 million USD, up 5 percent while its imports stood at 1.706 billion USD, an increase of 22.6 percent compared to 2013.

Vietnam mainly sold footwear, electronic products, garments, plastic products, mechanical devices, iron and steel while purchased materials used for making animal feed, cereals, leather materials, seafood, and cotton.

Argentina has regarded Vietnam as one of the world’s 15 emerging dynamic economies and chosen the country as a priority export market for 2014 and 2015.

Trade turnover between the two nations continues its rising trend despite Argentina’s foreign trade declined in the first 11 months of 2014.

(Source VEN)