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 to build $37 million fishery complex on central coast

10:55 09/16/2014

Vietnam will build a fishery center costing $37 million in the central coastal province of Khanh Hoa by 2015 to fulfill as part of the government’s strategy on fisheries development by 2020, the Thoi Bao Kinh Te Saigon newspaper reported Friday.

The center includes a fishing port costing $30 million, a seafood auction facility, a frozen warehouse, an ice production facility, a warehouse for raw material, a facility for fishing vessel maintenance and infrastructure for trade services.

The Ministry of Agriculture and Rural Development proposed the government list this project among those receiving Japan’s official development assistance (ODA) in the 2013-2015 period.