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’s farm firms seek high-tech

As Vietnam is looking to boost high-tech agriculture, firms are looking for modern technologies in the world to apply in farming production.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong said that the bottleneck of the agriculture sector was technology. He said his ministry was promoting connections with leading farming technology companies from Switzerland, the Netherlands and Israel as well as other countries with a developed agriculture sector to provide opportunities for Vietnamese agricultural firms to look for appropriate technologies.

Many Vietnamese firms are now aware of that they should not import outdated machinery and technologies but look for advanced technologies. However, the most difficult thing is how to find the appropriate technologies.

Luong Minh Tung, Chairman of Yen Phu Beef and Dairy Cattle Breading Joint Stock Company in northern Ninh Binh province, said that his company had a worry about how to preserve meat.

In many countries, beef-preserving technologies were very good which could ensure meat quality up to three months, Tung said, adding that his company was looking for a partner with such technology.

Nguyen Van Linh, Chairman of the People’s Committee of Bac Giang province, said that his province which was known for lychee as a specialty and was promoting export of this type of fruit, expected to find a suitable preservation technology.

The lychee harvest lasted only one month, inserting large pressure on consumption. Thus, lychee preservation technology was very important.

A number of companies from Israel, the Netherlands, and Switzerland were also looking for providing technologies and cooperating high-tech agricultural production in Vietnam recently.

Recently, more than 30 Israeli companies visited Vietnam to look for co-operation opportunities.

Vu Kien Trung, general director of Khang Thinh Irrigation Technology JSC, sole agent of Israel-based Netafim in Vietnam, was quoted by the Dau Tu (Investment) newspaper that drip irrigation technology was initially completely strange to Vietnam’s agricultural production but now gaining more popularity.

The newspaper quoted Ambassador Duong Chi Dung, Head of Vietnam’s Permanent Mission to the UN and other international organisations, as saying that many Swiss corporations wanted to co-operate with Vietnamese firms in agricultural production, especially in processing.

Swiss companies were especially willing to study and develop appropriate technologies for Vietnam and co-operate in technology transfer, according to Dung.

The agriculture ministries of Vietnam and the Netherlands were also looking to connect firms from both sides with the aim of promoting high-tech agricultural production.

Source: VNA


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