Vietnam will investigate and handle all cases of the country’s fishing vessels being arrested by foreign countries, strictly punish all acts related to illegal fishing in the foreign waters and name them on the mass media, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien. In a recent interview granted to the Vietnam News Agency, Tien admitted the fact that there remain a small number of Vietnamese-flagged fishing vessels still illegally fishing in foreign waters. To put an end to this phenomenon, the heads of local Party committees and authorities at all levels should uphold the sense of responsibility in leading and directing the combat against illegal, unreported and unregulated (IUU) fishing. Localities should quickly calculate the number of fishing vessels, complete the issuance of licenses as well as the installation of monitoring equipment, and the update of vessel data into the National Fisheries Database (Vnfishbase) as regulated to meet the requirement of information search and boat management. Meanwhile, fishing ports should make statistics of all docking places; monitor and supervise all catches to ensure traceability; strictly handle vessels that do not dock at designated ports, said Tien. He also stressed the importance of stepping up communications to raise public awareness of respecting law, and request seafood enterprises to resolutely refuse to purchase, process and export products coming from IUU fishing.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien (Photo: VNA)
Regarding the fourth inspection of the European Commission (EC) to assess Vietnam’s efforts to fight IUU fishing, slated for April 2023, the deputy minister said that his ministry will coordinate with other ministries and sectors to launch patrols and inspections, and strictly sanction all acts of IUU fishing according to regulations. At the same time, efforts will be made to investigate and prosecute any cases of brokering and luring fishermen to conduct illegal fishing in the foreign waters. In October 2017, the EC issued a "yellow card" warning against Vietnamese seafood exports after Vietnamese fishermen violated IUU regulations. Since then, it has sent delegations to Vietnam thrice to assess Vietnam’s implementation of the commission’s recommendations to have the card removed./.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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