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 exporters attend Seafood Expo North America

Seventeen Vietnamese enterprises are participating in the 2023 Seafood Expo North America, which opened at the Boston Convention & Exhibition Centre in Massachusetts state on March 12.

Vietnamese exporters attend Seafood Expo North America

Hanoi (VNA) – Seventeen Vietnamese enterprises are participating in the 2023 Seafood Expo North America, which opened at the Boston Convention & Exhibition Centre in Massachusetts state on March 12.

This year’s three-day expo draws the participation of hundreds of aquatic product and seafood exporters from different states of the US, and other countries like Canada, Brazil, Japan, India, Scotland, Ireland, Norway, Spain, and Vietnam.

Vietnamese businesses are showcasing the country’s key products such as tra fish and shrimp which have impressed a lot of visitors.

Vietnamese exporters attend Seafood Expo North America hinh anh 2
Booths showcasing Vietnamese seafood and aquatic products.
(Photo: VNA)

Talking to the Vietnam News Agency, Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), stressed the bright outlook for the export of Vietnamese seafood and aquatic products to the US in general and North America in particular.

The participation of Vietnamese enterprises in North America’s largest seafood expo shows that Vietnamese products have gained a firm foothold in such a choosy market like North America.

The US is the leading importer of Vietnamese seafood and aquatic products. Last year, the export turnover to this market reached 2.1 billion USD, accounting for 20% of the total value of the country’s seafood and aquatic product exports./. 

Thu Hằng
Email: thuhang@vasep.com.vn
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