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 attends Seoul Seafood Show 2015

15:55 04/24/2015

More than 130 seafood businesses from around the globe, including Vietnam attended the Seoul Seafood Show 2015 from April 15 to April 17 to introduce seafood processing products and services.

The three-day event featured technological procedures in the areas of aquaculture, processing, packaging, preservation and food safety and hygiene.

Workshops were also held during the event to exchange the state-of-the-art- technological standards in the field of seafood processing.

Vietnamese seafood business representatives said the event gave local businesses a good chance to promote their advantageous products and seek Korean partners to further integrate into a new potential market.

According to Vietnam’s trade office in the Republic of Korea, last year Vietnam’s seafood exports to the RoK increased roughly 28% to US$652 million. The RoK is currently Vietnam’s third largest seafood importer after the US and Japan.

(Source: VOV)