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.  

Export potentials

Vietnams cephalopod exports to the EU increased by 39%
08:30 10/11/2021

(seafood.vasep.com.vn) Thanks to a lot of efforts, up to now, Soc Trang shrimp industry has basically overcome the challenges during the period of implementing social distancing to ensure the prevention and control of COVID-19 . The difficulties that are solved in time and the optimistic signals of consumer demand in both domestic and foreign markets are good opportunities for shrimp farmers and seafood processing companies in this locality to restore the production chain in the remaining months of the year.

(seafood.vasep.com.vn) In August 2021, Vietnam's sea product exports reached 224.8 million USD, down 22% compared to July 2021 and down 24% compared to August 2020. In the first eight months of the year, marine product exports reached $2.1 billion, accounting for 38% of the country's total seafood export value and up 7% over the same period in 2020.

(seafood.vasep.com.vn) While the export of some marine products decreased significantly in August 2021, Vietnam's bivalve mollusk exports still increased strongly by 36.2%, reaching over 13.2 million dollars. In the first 8 months of the year, the export of bivalve molluscs reached USD 86.8 million, up nearly 40% over the same period last year. In which, clam is the key product, accounting for 72% of the value, reaching 62.6 million USD in 8 months, in August alone increased 75% to 11.5 million USD.

Vietnam exported 15,870 tonnes of tuna worth 73.33 million USD to the European Union in the first half of 2021, up 39.3 percent and 31.6 percent, respectively, against the same period last year, according to a journal published by the Ministry of Industry and Trade (MoIT).

(seafood.vasep.com.vn) Accumulated in the first 8 months of 2021, Vietnam's seafood exports reached nearly $5.6 billion, still increasing by about 7% thanks to high export results in the first 7 months of the year. In which, shrimp exports increased by 6.4% to 2.45 billion USD, pangasius exports reached 993 million USD, up 8.8%, tuna exports grew 12%, cephalopod and other fish exports increased by 4-5 %.

The US Department of Commerce (DOC) has announced the preliminary results of the 17th period of review (POR17) for the period from August 1, 2019 to July 31, 2020, regarding Vietnam’s tra and basa fish (pangasius) exported to the US.

(seafood.vasep.com.vn) According to the report of the Directorate of Fisheries, by the end of August 2021, the total fishery production of Vietnam is estimated at 5,692.5 thousand tons (up 1.4% over the same period in 2020), of which the output caught catching 2,704.8 thousand tons (up 0.8%), aquaculture production 2,987.7 thousand tons (up 1.8%).

(seafood.vasep.com.vn) Along with pangasius and brackish water shrimp, which have been promoted for export, many aquatic species that are farmed in fresh water and in the sea in the Mekong Delta such as tilapia, red tilapia, giant freshwater prawn, eel , frogs, clams, crabs... are purchased, processed and exported by some enterprises. The potential and opportunity to promote the export of these aquatic products is still great if there is a good connection between farmers and businesses.

(seafood.vasep.com.vn) According to customs statistics, by the end of July 2021, Vietnam's seafood exports reached nearly 5 billion USD, up 13% over the same period last year. Particularly in July 2021, seafood export turnover increased by 7.5% to nearly 854 million USD, of which exports to the US and EU markets increased sharply, to CPTPP countries and South Korea increased slightly, only to China fell deeply by 20%. In the first 7 months of the year, exports to the US still maintained the highest growth rate of 36%, to the EU increased by 19%, the CPTPP increased by 10%, while exports to China decreased by over 10%.

(seafood.vasep.com.vn) In the first six months of this year, the EU was the largest import market for Vietnamese bivalve molluscs, accounting for 60% of Vietnam's total bivalve mollusk exports.

Many businesses from Guangzhou city of China have shown their interest in importing Vietnamese aquatic products, according to Le Hoang Tai, Vice Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.

(seafood. vasep.com.vn) Vietnam's tuna exports to Chile in the first 6 months of 2021 reached $3.3 million, accounting for nearly 1% of Vietnam's total tuna export value during this period, increased by 4.4% over the same period. Although the proportion is not high, thanks to the effective free trade agreements between Vietnam and Chile, Vietnamese tuna will have many opportunities to expand its market share in this market in the near future.

(seafood.vasep.com.vn) In the first 6 months of this year, Vietnam's seafood exports to the US reached US$901 million, up 39% over the same period last year, of which exports of aquaculture products accounted 68% to reach 612 million USD, up 42%; Export of marine products took for for 32%, reaching 289 million USD, up 32%.

Vietnam is to have 280,000 ha of marine aquaculture area and 10.5 million cubic metres of farming cages by 2025, according to the Ministry of Agriculture and Rural Development (MARD).

(seafood.vasep.com.vn) Continuously from the beginning of the year until now, Vietnam's tuna exporters have faced many difficulties such as: increased production costs, increased container rental prices, and increased transportation rates... However, with unremitting efforts and market acumen, the country's tuna export results in the first half of 2021 still increased by 21% over the same period of last year, reaching 355 million USD.


  • Vinh Hoan
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