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.

World’s largest seafood market makes inroads into Vietnam

17:03 01/27/2015

Members of the Tsukiji fish market – the world’s largest wholesale market from Tokyo, Japan – introduced high-grade seafood products and food preservation technologies to Vietnamese firms in HCM City on January 15.

Ms. Miyako Hamano, Vice President of the Japan External Trade Organisation (JETRO) said everyday Tsukiji supplies about 1,800 tonnes of 480 fishes and other seafood from around the world.

She revealed that more Japanese businesses have opened their restaurants in Vietnam, 300 of which are in HCM City.

Members of Tsukiji market introduced Vietnamese partners to Japanese dishes made from high quality fish and seafood with the aim of making inroads into the market

They also wanted to cooperate with Vietnamese businesses through the supply and transfer of food preservation technologies to make Vietnamese fish and other seafood products saleable at a high price at Tsukiji market.

(Source VOV)