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 national pavilion inaugurated at CAEXPO

The Vietnamese National Pavilion of “City of Charm” was inaugurated at the 13th China-ASEAN Expo (CAEXPO) which opened in Nanning, Guangxi, on September 11.

The inaugural ceremony was co-chaired by Prime Minister Nguyen Xuan Phuc and Chinese Vice Premier Zhang Gaoli. This is one of the major activities organised for the event’s Country of Honour.

Vietnam, as the Country of Honour of this year’s event, introduces Buon Ma Thuot city in the Central Highlands province of Dak Lak, as Asia’s capital of coffee.

The Vietnamese pavilion whose design is based on the long stilt house in Dak Lak province displays photos detailing how coffee is produced in the locality. It also accommodates a stage where visitors can experience traditional culture of the Central Highlands region.

In the previous events, the Vietnamese booths attracted tens of thousands of visitors. Vietnam’s participation at the event has helped promote the country’s image and products, boost its export to other ASEAN nations and China, and lure more investments in the country.

The annual expo has become a bridge for Vietnamese businesses to access the Chinese market. Vietnamese products like wood furniture, coffee and farm produce have attracted the interest of Chinese partners.

Source: VNA


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