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.  

Khanh Hoa fishermen benefiting from fishing technology

Fishermen in south-central Khanh Hoa province have begun to apply technology in fishing over recent years and posted remarkable results in terms of catches and earnings. Modern technology has helped them improve their standard of living while also protecting national sovereignty at sea.

This is one of a few high-tech fishing vessels at Hon Ro Wharf in Nha Trang city, Khanh Hoa province. It cost over 20 billion VND and was put into operation in 2017. The vessel is fully equipped with LED lighting as well as high-tech digital equipment to ensure the safety of the fishermen onboard.

Khanh Hoa province has more than 700 offshore fishing vessels, 550 of which visit the Truong Sa and Hoang Sa archipelagos and DK1 rigs regularly to catch tuna. Local fishing vessels have been upgraded in recent years and are now equipped with high-tech equipment to improve efficiency and save money on each trip.

With fishing vessels upgraded, the province has also focused on improving processing facilities as catches rise. It currently has two wharves for high-capacity tuna fishing, 11 facilities building ships, and 20 facilities providing the necessary equipment.

A huge number of vessels catching 97,000 tonnes of seafood each year has enabled Khanh Hoa’s fisheries industry to boom in recent times. This is a major opportunity for the province to develop links, from fishing to processing and selling finished products./.

VNA


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