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.  

Tien Giang targets 2.65 billion USD in export revenue

The Mekong Delta province of Tien Giang will strive to raise its export revenue by 6 percent to 2.65 billion USD in 2018.

According to Ngo Van Tuan, Director of the provincial Department of Industry and Trade, local export earnings reached 2.5 billion USD in 2017, up 19.3 percent from the previous year and 6.4 percent higher than the plan.

Robust growth was seen in key earners like agro-fishery products and industrial products, he said, adding that seafood continued to be the driving force for local export.

Last year, the province earned 410 million USD from seafood exports, a year-on-year increase of 43 percent. 90 percent of the value was contributed by processed tra fish products.

Major importers of local seafood were China, the EU and American countries.

In addition, the province earned 150 million USD from exporting 328,000 tonnes of rice, up 2.6 times in both value and volume.

Regarding the industrial sector, most local companies have paid due attention to bolstering investment in modern machines and equipment to improve products’ quality as well as promoting trade to gain foothold in foreign markets.

Garment and textiles, shoes, handbags and copper pipes made up 70 percent of province’s total export revenue.

To realise the set target in 2018, the province will prioritise traditional markets and make inroad into potential markets.

It will encourage local firms to deploy comprehensive investment measures to upgrade machines and products’ quality and better trade promotion efficiency to break into fastidious markets.


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