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.

Vietnamese companies hope to make a splash at Seafood Expo Global

17:05 04/30/2015

Vietnamese companies have brought a wide diversity of products to the largest seafood trade event in the European Union (EU), with shrimp and pangasius among the products on show.

Tuna products specially made for the European market were also introduced at the event, Hoe said. The EU accounts for 20 percent of Vietnam’s total seafood exports, equal to 1.5 million tonnes, Hoe added.

Nguyen Thi Thu Sac, general director of the Hai Nam seafood processing company, which exports 40 percent of its products to Europe, said that the company has been attending the event since 2000 to seek new customers and keep old clients.

The SEG is taking place from April 21-23 at the Heysel Exhibition Park in Brussels, Belgium’s capital city, drawing 2,000 enterprises from 100 countries.

(Source: VNA)