Vietnam which is located on the west bank of Bien Dong (East Sea) is a large sea of Pacific Ocean with an area of 3,448,000 km and a 3,260 km long coastline. Vietnam marine biodiversity is quite high, also is the birthplace and spread of many groups of marine organisms in Indo-Pacific tropical region with about 11,000 species have been discovered.
Vietnam has long been a leading producer and exporter of fishery products in the region, along with Indonesia and Thailand. Fishery products exports become one of the most important sectors of the economy. In Q1/2018, fishery products production was more favorable due to good weather conditions. The total output of fishery products was estimated at x, xxx.x thousand tons, in which, exploitation reached xxx.x thousand tons and raising of xxx.x thousand tons.
The fishery products processing industry has developed into a spearhead economic sector, a major commodity producing industry, leading the way in international economic integration. Quarter 1/2018, fishery products export value was estimated at nearly x.xx billion, up 17.6% over the same period in 2017. Australia market has gradually eased the ban on shrimp imports that creates opportunities for Vietnamese shrimp to sharply increase export value. On 30/6/2017, the Australian Department of Agriculture and Water Resources has issued Notice 64/2017 on the suspension of imports of shrimp products that has expired since 06/7/2017.
Enterprises in the top 10 enterprises having relatively contrary business results. The turnover of some enterprises decreased, while the turnover of other businesses increased sharply. 2016 is a successful year of some companies when the gross profit of some large companies such as Hung Vuong, Vinh Hoan, Viet Thang continued to grow well.
Companies Covered In this Report:
• Hung Vuong Joint Stock Company – HVG
• Minh Phu Corporation – MPC
• Vinh Hoan Corporation – VHC
• Soc Trang Seafood Joint Stock Company – STAPIMEX
• Viet Thang Feed Joint Stock Company – VTF
• An Giang Fisheries Import – Export Joint Stock Company – AGF
• Quoc Viet Seafood Processing and Export Company Limited
• Nha Trang Seafoods Joint Stock Company – F17
• Minh Hai Seafood Joint Stock Company
• Danang Seaproducts Import-Export Corporation
For more information on the research report, refer to Vietnam Fishery Market