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.  

Tien Giang enjoys over 24 percent rise in exports of Q1

The Mekong Delta province of Tien Giang earned 643 million USD from exports in the first quarter of 2018, up 24.4 percent over the same time last year, the highest year-on-year rise the locality has enjoyed so far.

According to Ngo Van Tuan, Director of the Tien Giang Department of Industry and Trade, exports from the FDI sector accounted for 60 percent of the total figure.

An upturn was seen in export revenue of all major products of the province, leading by copper pipe with 49.2 percent to reach 137 million USD, followed by footwear at 38.5 percent (133 million USD), garment and textile at 23.8 percent (120.2 million USD).

In the first three months, the province shipped abroad 31,300 tonnes of processed aquatic products, mostly fillets of tra fish for 77.9 million USD, a rise of 3.5 percent in volume and 20 percent in value.

Meanwhile, the province sold over 58,500 tonnes of rice abroad for 28.9 million USD, an increase of about 8 percent in both volume and value, along with 1,620 tonnes of star apples for 3.2 million USD.

Tuan noted that the largest import market of the province was the America with 40.3 percent of total products, followed by Asian countries with 38.4 percent, and Europe with 17 percent.

Le Van Nghia, Vice Chairman of the provincial People’s Committee said that right in the beginning of the year, the province has applied measures to increase exports by promoting markets in both traditional and potential ones.

In 2018, Tien Giang targets 2.65 billion USD in export earnings, a rise of 5.4 percent year on year.

VNA


  • Vinh Hoan
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