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.  

VN farmers improve export chain

Việt Nam’s agricultural production has gradually entered the global supply chain, according to the Việt Nam Logistics Institute (VLI).

Speaking at a seminar on improving the supply chain for export products preserved in cold and frozen storages held in HCM City last Friday, Thomas Nguyễn, a lecturer at the VLI, said more and more farmers produced products following orders from overseas buyers instead of selling only what they have.

Many farms produce following international standards, he said, adding that they had invested in building cold warehouses right at their farms to preserve their fruits better so as to keep them fresh longer in foreign supermarkets.

Delegates at the seminar said growth in export-import activities as well as an expansion in internal trade had led to increasing demand for logistics services.

Enhancing supply chain quality and management is a must, they said.

A synchronous supply chain will not only bring higher efficiency for production and trading but also contribute to the country’s economic growth.

Nguyễn Thị Thùy Dương, another VLI’s lecturer, said enterprises should have the right awareness about the role of logistics in export competitiveness.

To improve competitiveness, Vietnamese import-export firms should access outsourcing logistics services as well as negotiate with potential logistics services providers to map out a proper transportation plan.

Organised by the Việt Nam Trade Promotion Agency, the seminar was part of the programme to improve export competitiveness for Việt Nam’s small and medium-sized enterprises via a local trade promotion system funded by the Swiss Government.

Fresh fruits, pangasius, pepper, tuna, tea, litchi are among sectors that are beneficiaries under the programme.

Source: VNS


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