Vietnam experienced a healthy economic growth in 2015 on the back of the Government's efforts to boost exports and cut interest rates to kick start business activities in various sectors. The GDP in the third quarter of 2015 grew by 6.81% year-on-year. The fishery sector is one of the most important sectors of the Vietnamese economy. The country exports seafood to 164 markets with key markets being the United States, EU, Russia, Japan, China and South Korea.
Main items forming Vietnam's seafood export include shrimps, striped catfish and hard clams. Vannamei production is around 90% while black tiger constitutes the remaining 10% of shrimp production in the country. The country's seafood sector currently faces many challenges but the industry is restructuring itself and diversifying towards various export markets.
In 2015, Vietnam seafood sector exports earned USD 6.7 billion. Both shrimps and catfish recorded a drop in exports for the first time. Shrimp exports recorded a drop of 25% year-on-year and catfish exports recorded a drop of 10% year-on-year in 2015.
Key Topics Covered:
1. Vietnam Country Snapshot
1.1 GDP & Economic Growth
1.3 Economic Sectors Overview
2. Vietnam Seafood Market
2.2 Market Statistics & Performance
2.4.1 United States
2.4.2 European Union
3. Market Drivers
6. List of Charts and Graphs
7. Research Methodology
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