The system covers laws in service of integrated management and laws and planning schemes for coastal areas and sectors.
With this legal foundation, Vietnam has made breakthroughs in natural resource exploitation and marine environment conservation, and sped up the building and implementation of coastal development projects, resulting in socio-economic changes in the coastal regions.
On March 6, 2009, the Government issued Decree No. 25/2009/ND-CP on the integrated management of natural resources and marine environment protection, the first legal document in this regard.
Between 2007 and now, the Government, the Prime Minister and ministries and agencies have also issued documents encouraging investments in coastal and island economic zones.
Policies have provided support for farmers, residents in coastal and island areas, and those working at sea.
Policies that foster sea-based economic development with the protection of national sovereignty and encourage people to settle on islands to develop economy and defend national seas and islands have also been deployed.
There have also been policies on fishery cooperation between Vietnam and countries sharing fishing grounds, and policies encouraging aquaculture and offshore fishing. Many offshore fishing groups have been established during the period.
Of note, the Law on Fisheries, which was issued in 2017, marked a new development in fishery management in Vietnam amid international integration.
Such preferential policies have helped labourers working at sea as well as those in disadvantaged coastal and island areas.
Over the past ten years, navy, coast guard and fishery surveillance forces and border guards have developed, helping to defend national sovereignty and sovereign rights at sea, ensure security and safety and create favourable conditions and environment for maritime economic activities.
Deputy Minister of Natural Resources and Environment Tran Quy Kien said the State management of seas and islands has changed towards integrated and united management.
He cited the establishment of the Vietnam Administration of Seas and Islands under the Ministry of Natural Resources and Environment in 2008, along with the formation of sea management agencies from central to grassroots levels over the past ten years.
The system needs to be intensified to ensure the efficiency of the management work, Kien said, calling for more effective coordination between regions and sectors in marine management and exploitation.
In 2007, the 10th-tenure Party Central Committee adopted Vietnam’s Maritime Strategy towards 2020 to enhance a sea-based economy and protect national sovereignty over islands and seas.
The strategy set a goal that sea-based economic sectors will make up 53-55 percent of the country’s gross domestic product (GDP) while per capita income in coastal areas is expected to double the average of the whole country by 2020.
VNA
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports to the EU reached USD 7 million in the first half of October 2024, marking a 27% year-on-year increase. As of October 15, 2024, cumulative exports to the EU totaled over USD 134 million, reflecting a slight 0.01% decrease compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius export revenue in October 2024 reached nearly $202 million, a 17% increase compared to October 2023. The cumulative export value for the first ten months of the year totaled $1.7 billion, marking a 9% year-on-year increase.
(seafood.vasep.com.vn) Vietnam's exports of crabs and other crustaceans continued to see high growth in September 2024, with a 54% increase compared to the same period in 2023. In the first nine months of the year, exports of crabs and other crustaceans reached over USD 228 million, a 67% increase year-over-year.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
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