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.  

WB-funded project benefits central coastal provinces

Dozens of thousands of farmers and fishermen in nine central coastal provinces have benefited from the Coastal Resources for Sustainable Development (CRSD) Project funded by the World Bank (WB) in the past years.

The project, which began in 2012, includes four components: strengthening institutional capability for sustainable fishing management, practising sustainable fish farming, sustainably managing coastal seafood exploitation and project management.

Until now, the project has supported the establishment of 50 GAP zones over an area of 11,000 hectares with the participation of nearly 8,700 households, 32 areas of farming various species with 2,500 households.

The project has also provided training for 19,708 farmers and supported the establishment of 97 co-management teams in eight central provinces involving 13,812 fishermen. They manage 803 kilometres of seashore.

Binh Dinh and Phu Yen provinces have approved coastal areas managed by local communities with an area of nearly 83,000 hectares. Besides, 20 fishing ports have been upgraded, with six already completed and put into use.

At a conference held by the Ministry of Agriculture and Rural Development in Tuy Hoa city, Phu Yen province on March 13 to implement the project’s 2017 plan, Le Van Hien, head of the Management Board of Agricultural Projects under the ministry, stressed that the project has contributed to the sustainable development of the seafood sector in targeted localities.

However, many components of the project have not yet been done or implemented slowly, leading to the slow disbursement, which is only 53.7% or nearly VND1.145 trillion (US$51.3 million).

The remaining VND990 billion (US$44.4 million) needs to be disbursed as the project will finish in one year.

Hien recommended beneficiary localities focus on updating Vietnam’s fishing sector data, implementing policy studies and upgrading infrastructure for GAP zones.

Pham Ngoc Sao, Director of the CRSD Project, suggested the Directorate of Fisheries soon support the project in building a united management mechanism to manage and use fishing ports effectively.

Source: VNS


Comment

  • Detail-Right-Top