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: Efforts to build a trademark for Vietnamese shrimp

Deputy Prime Minister of Vietnam, Trinh Dinh Dung had a recent working session with provincial leaders of Bac Lieu, Ca Mau, Soc Trang, Kien Giang and Tra Vinh on plans and strategies to foster the development of the shrimp sector, towards building a trademark for Vietnamese shrimp.

It is also necessary that coastal localities, especially those specialising in farming shrimp, enhance cooperation in producing brackish water shrimp in order to improve product quality.

At the same time, the Ministry of Agriculture and Rural Development has designed a plan to monitor the production chain of shrimp for export, aiming to develop shrimp farms to the standards of the World Organisation for Animal Health and countries importing the product.

The People’s Committees of major shrimp producing localities have been asked to make plans and allocate capital for the application of measures to prevent shrimp diseases, to create low-risk areas and shrimp farms with production chain compliant safety requirements.

It is set that until the end of 2017, at least 10% of breeding shrimp farms producing over 1 billion post-larval shrimps each year will be recognised as safe farms.

The plan also sets a goal of at least one farm recognised to have a production chain meeting OIE safety standards. The regulations of OIE and importing countries will also be popularised among enterprises, along with guidelines to reach the standards.

Shrimp breeding is not only considered a key export product in recent years, but also has brought higher income for farmers and created many jobs. Therefore, focusing on productivity and quality to enhance value for this sector is one of the pressing needs in the process of restructuring the fisheries sector.

In 2016 Vietnam’s shrimp exports revenue forecast to reach US$3.1 billion, a year-on-year increase of nearly 4%.


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