(seafood.vasep.com.vn) on September 7, 2021, Prime Minister Pham Minh Chinh set a deadline for localities to stop illegal fishing by the end of this year, to avoid the risk of EU fines. “red card” if there is no improvement.
Vietnam was issued a "yellow card" by the European Commission in October 2017 and warned that it may ban seafood imports from Vietnam if it does not "do more" to tackle illegal fishing.
Since issuing the "yellow card" warning, the European Commission (EC) has inspected Vietnam twice in 2017 and 2019. But now, after nearly 4 years of implementing the EC's recommendations Vietnam has not yet removed the "yellow card".
Therefore, during an online meeting with localities related to combating illegal, unreported and unregulated (IUU) fishing on September 7, Prime Minister Pham Minh Chinh requested that the latest in This year, provinces must stop violations of fishing vessels by measures such as installing VMS equipment, marking fishing vessels, strictly controlling fishing vessels, propagating and mobilizing fishermen, completing legal framework to handle violations…
According to the report titled “A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing: The Case of Vietnam” by the Vietnam Association of Seafood Exporters and Producers (VASEP) and the World Bank announced on August 10, if Vietnam is issued a red card, it is estimated that Vietnam will lose about 387 million USD per year due to loss of income. export revenue from wild-caught seafood including tuna, bivalve molluscs and other seafood, and a loss of US$93 million from farmed seafood exports, which will be impacted indirectly by the EU ban.