The article considers the current state of the fisheries of Vietnam in the West part of the South China Sea. It has been stated that today in Vietnam there are 82 fishing ports located in 27 coastal provinces and cities. The volume of goods daily passing through the ports makes about 1.8 million tons. The statistical data on fish farming and fishing in the period from 2005 to 2017, as well as on the export and import of fish products in the period from 2010 to 2015 have been given. The assessment of the current state of the fishing industry in the country's economy is presented in the Vietnam Fisheries Development Strategy for the period up to 2020. The production of the main types of fish products has been analyzed. The specific features of the markets of fish processing industry targeted at both domestic consumption and export have been presented. The role of the fishing industry in the Vietnamese economy is assessed, and the advantages of the country's fish processing industry are given. It has been found that during the analyzed period (2005 - 2018) the volume of fisheries, fish farming, as well as the export of aquatic products in the country is constantly increasing. Vietnam is one of the three leading suppliers of seafood exported to 164 countries of the world. The Vietnamese fish processing industry has achieved a significant success both in producing goods for domestic consumption and in products for export. Since 2014 Vietnam has become the world's third largest exporter of seafood, in particular, of pangasius and shrimp. Conclusions are drawn about the importance and diversity of the fishing industry in Vietnam as one of the components of the national economy.
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