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 ascends to largest fish supplier of Colombia

16:27 09/30/2014

Vietnam surpassed all other nations to become the largest supplier of fish to the Colombian market in 2013, making up 36% of this South American nation’s total market share.

Last year, Colombia imported 78,000 tonnes of fish, worth an estimated US$188 million, up 41% in volume compared to 2012.

Tuna and Tra (Pangasius) fish alone accounted for 19% and 16% of the total frozen fish imports.

In the 1970s, Colombia’s river fish catch reached 70,000 tonnes per year. However, a sharp fall in output and limited farming in recent years forced the country to increase its imports from other countries, including Vietnam.

Fernando Bagés, a Columbian aquaculture expert, forecasts that tra fish imported from Vietnam will continue to uptrend thanks to its competitive price and consistent high quality.

(Source VOV)