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, Belarus intensify trade, investment

Vietnam and Belarus will continue boosting bilateral ties across trade, investment, industry, transport, education and training, as heard the 13 th session of the Vietnam-Belarus Inter-Governmental Committee on Economic-Trade and Scientific-Technological Cooperation in Hanoi on October 27.

The session, co-chaired by Minister of Industry and Trade Tran Tuan Anh and Belarusian Deputy Prime Minister Vladimir Semashko, discussed the economic cooperation scheme for 2016-2018 and the outcomes of collaboration in the fields of economy-trade and science-technology, as well as mapped out specific measures to enhance bilateral ties.

Speaking at the event, Semashko hailed the Belarus visit by Party Secretary General Nguyen Phu Trong in November 2014 and the Vietnam visit by Belarusian President A. Lukashenko in December 2015 as significant to strengthening economic-trade, and scientific-technological ties between the two nations.

He said the Vietnam-Eurasian free trade agreement (FTA) that took effect on October 5, 2016 will make it easier for the two business communities to facilitate trade and investment.

According to the Vietnamese Ministry of Industry and Trade, both sides have facilitated trade via exhibitions and fairs during 2015-2016, including the Vietnam-Belarus business forum held in Hanoi in December 2015 and the Belarus country exhibition within the framework of the 26 th Vietnam International Trade Fair (Vietnam Expo) held in April 2016.

Minister Anh said both sides will pay attention to effectively realising the Vietnam-Eurasian FTA and a protocol on supporting the production of motorised vehicles in Vietnam that was put into force on October 5.

Concluding the meeting, the two leaders signed the minute of the committee’s 13 th session and witnessed the signing of eight cooperation agreement between ministries, agencies and businesses.

Source: VNA


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