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 seafood exports to Australia up 20.7%

17:12 03/10/2015

(vasep.com.vn)According to the Vietnam Trade Office in Australia, annual seafood import value of this country is approximately US$ 1 billion. The value of Vietnam’s seafood exports to Australia in 2014, US$ 228.8 million, up 20.7% year on year.

According to Mr. Norman Grant, president of Seafood Importers Association of Australia (SIAA), Vietnam should add more values to the seafood sold abroad while accelerating promotion and actively finding customers.

Mr. Norman highly appreciated the efforts of Vietnam’s government to transform fisheries sector, which is clearly shown in Decree 36/2014 / ND-CP of farming, processing and export of pangasius. He also added that the glazing rate regulated by the Decree was too low, resulting in higher production costs while the current rate is acceptable.

Mr. Norman also suggested that Vietnam should promote the brand for Vietnam seafood products through aquaculture farm tours in the Mekong Delta.