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 increases imports of seafood in 2014

(vasep.com.vn) Despite slight increase in domestic fish production, Vietnam processors still raised importing raw material for outsourcing, processing and exporting, meeting orders from importers.

In 2013, Vietnam imported fish from 83 suppliers with the value of US$720 million, up 10.2 percent year on year. In which fish imports from India made up 24 percent, Taiwan took 10.5 percent, ASEAN with 8.7 percent , EU 8.2 percent, Japan 8 percent, Norway 6.5 percent, South Korea 4 percent and the U.S. 5 percent and the remaining was imported from others.

In 2013, marine finfish, shrimp and tuna was main imported items made up nearly 91 percent of the total, meeting demand for outsourcing, processing and exporting.

 In the first 8 months of 2014, fish imports into Vietnam reached US$709 million in which shrimp made up the largest proportion of 48 percent with the value of US$337 million; tuna imports reached US$126 million with the proportion of 18 percent, marine finfish imports with US$193 million, making up 27 percent. India was the largest supplier of mainly shrimp, tuna with the value of US$248 million, making up 35 percent of total fish imports into Vietnam. It was followed by Taiwan – the important supplier of skipjack tuna with the value of US$48 million, occupying 7 percent. Norway supplied US$40 million of fish to Vietnam, occupying 5.6 percent.

Subscribe the Report on Vietnam Seafood Exports to get more information and data on Vietnam seafood import  and export status and forecast.


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