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Seafood Processing and Trade in Vietnam

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  • There are about 332 seafood processing enterprises in Vietnam by the end of 2003, of which 100 enterprises have EU-CODE and 135 enterprises apply HACCP. Main products are frozen shrimp (47.7%), frozen fish (21.1%), frozen octopus and squid (5.1%); value added products increase gradually and take up over 30% of export revenue. Export revenue of seafood reached over USD 2.2 billions in 2003. The main export markets were USA 35.3%, Japan 26.3%, and EU 5.7%. There have been some problems in Vietnam seafood processing and trade: Semi-finished (raw) products account for a high percentage; products do not diversify to meet market demand. The seafood quality is inconsistent and unstable. Capacities of equipment and raw material supply are imbalance. Export is mostly done through intermediate markets. Market researching and marketing activities are still ineffective. Vietnam's seafood trade mark has not yet been strengthened on the international market. This paper presents some solutions for these problems.
  • Keywords: export revenue, post-harvest, Fisheries Economics, market share, Fish Processing, Marketing, And Consumption, value-added products, E-commerce, Semi-finished products
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  • Nguyen, Tram Anh Thi. 2004. Seafood Processing and Trade in Vietnam. In: Proceedings of the Twelfth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 20-30, 2004, Tokyo, Japan: What are Responsible Fisheries? Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2004. CD ROM. ISBN 0-9763432-0-7
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