| Ho Chi Minh City

Norway-Vietnam Business Summit on Marine Rest Raw Materials Processing

Rest Raw Material Processing - Potential for Norway-Vietnam Cooperation

On 14 November 2018, the Commercial Section of the Royal Norwegian Embassy, Innovation Norway in coordination with the Directorate of Fisheries, the Ministry of Agriculture and Rural Development (MARD) of Vietnam organized the first Vietnam - Norway Business Summit on Marine Rest Raw Material Processing.

The Business Summit brought together around 70 participants representing nine Norwegian companies in the marine processing industry, Vietnam’s Directorate of Fisheries, Ministry of Science and Technology, Nha Trang University, Vinh Hoan Corporation, Vietnam Food, and other Vietnamese businesses operating in the marine sector.

The Business Summit have several aims:

  • to introduce Norway’s technologies and products applicable for processing of seafood and marine rest raw materials and establish connections between Vietnamese and Norwegian businesses,
  • to discuss how Vietnam could utilize more of its rest raw material from fisheries and aquaculture for higher value creation,
  • to clarify the Vietnamese market potentials for high quality Norwegian marine processed products,
  • to discuss how Vietnam could improve its quality and quantity in marine rest raw materials processing to be an attractive sourcing partner for international firms, and
  • to discuss how to apply advanced technologies and products in the value chain of marine rest raw material processing in Vietnam.

Norway is the world’s second largest seafood exporter and Vietnam ranks the third. Both Norway and Vietnam share a goal of sustainable development of our aquaculture industries. Using marine rest raw materials more efficiently is one of the solutions.

The nine Norwegian companies taking part in the Summit are paying a visit to Vietnam from 07 to 17 November 2018 to explore business opportunities and promote cooperation within the bio marine industry. During their trip and particularly in this Business Summit, they have introduced to their potential partners and stakeholders Norway’s advanced products and technologies that can assist Vietnam in achieving more sustainable processing of marine rest raw materials, focusing on improving processing quality and development of higher valued products for the international market.Business cooperation between Vietnam and Norway in this sector is also remarkable with the presence of many Norwegian companies in Vietnam which keeps increasing.

Norway’s marine industry is one of the world’s most developed and has been a hallmark for Norway-Vietnam bilateral cooperation for the last 30 years which spans from the policy-making to academic collaboration and business-to-business aspect. Fisheries and aquaculture is also a key area of partnership between Nha Trang University and Norwegian prestigious universities for over two decades.

Norway is the world’s second largest seafood exporter and Vietnam ranks the third. Both Norway and Vietnam share a goal of sustainable development of our aquaculture industries. Using marine rest raw materials more efficiently is one of the solutions. Business cooperation between Vietnam and Norway in this sector is also remarkable with the presence of many Norwegian companies in Vietnam which keeps increasing

"Ocean resources will be important for providing enough food to satisfy the nutritional needs of the world's growing population. As Vietnam and Norway are both coastal countries, I see a lot of business opportunities for both Norwegian and Vietnamese businesses. Together we should be able to develop more sustainable fisheries and aquaculture in Vietnam as well as developing Vietnam's rest raw material processing industry to meet international standards and thereby increasing your export to the international market", said Ambassador designate Grete Løchen in her welcoming remarks at the Summit.