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.  

Seafood processing fuels export in Tien Giang

Agricultural exports in the Mekong Delta province of Tien Giang hit 1.14 billion USD in the first half of 2017, up 25.4 percent year on year.

According to Ngo Van Tuan, director of the provincial Department of Industry and Trade, shipments of processed seafood, particularly Tra fish, drove the export growth.

The 6-month export value of local fishery commodities, of which 90 percent were Tra fish products, increased 5.3 percent from last year to 132.6 million USD.

Tien Giang Tra fish has to date been exported to 50 markets across the globe.

Rice exports were also a highlight, growing 50 percent during the period compared to last year, with more than 115,000 tonnes of rice shipped overseas, reeling in 55.7 million USD.

Tuan said the outcomes are a good start for Tien Giang to realise its export goal of 2.35 billion USD for 2017. The target represents a year-on-year climb of 11.4 percent.

The outcomes also reflects efforts from local authorities and business communities, he noted, adding that the province is working to overcome trade barriers by overhauling local production assembly lines to ensure food safety and goods origins.

Source: VNA

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