After listening to the information shared by the EU ambassador on EU’s recommendations on IUU fishing, Deputy Minister - Mr. Vu Van Tam had a report on Vietnam's efforts in implementing 5 groups of issues that EU recommended.
At the meeting, the Minister – Mr. Nguyen Xuan Cuong affirmed that Vietnam is making efforts to approach the recommendations on IUU for the progress of the world fisheries, including Vietnam fisheries.
In terms of legal institutions, the Minister affirmed that EU’s recommendations are very useful to include in the revised Fisheries Law. Accordingly, there are 6 contents that must be resolutely included in the revised Fisheries Law, including:
1. Assess fish stocks by implementing survey every 5 years in combination to the appropriate fishing plan as recommended by the EU.
2. Establish Fisheries Surveillance Force in the Central and 28 provinces and cities to control fisheries activities on sea (control of vessels arriving or going offshore).
3. Continue to affirm the marine protected areas and aquatic conservation areas, united with the National Assembly members so that MARD can control to protect marine resources.
4. Apply the highest penalty related to IUU fishing activities in the Fisheries Law. The details will depend on the decree after the Law is approved.
5. The Law stipulates that vessel licensing must be based on investigated stocks, to allow vessels to be licensed in each province to control the number of vessels.
6. Introduce a new institution: establish a Fund for Fisheries Resources Protection at the central and provincial levels so that the Fund will be contributed every year to recovering biodiversity as well as marine resources.
In order to express the determination of MARD in line with the EU recommendations on IUU, towards sustainable fisheries, the Minister decided to focus immediately on 8 tasks:
1. Review the decision to set up the task force 689 to advise the Prime Minister on the mandate of 28 provincial chairmen who must control and not allow fishermen to fish illegally at foreign waters. The Steering Committee will petition the Prime Minister to direct a Deputy Prime Minister to take part in this issue.
2. The project of Sustainable Management of Marine Development will be soon completed so that in September 2017, MARD will submit to the Prime Minister.
3. Review and evaluate 3,000 vessels equipped with information positioning device and after the review, there will be a detailed plan on the solution for the vessels equipped with information positioning device to control vessels and not to let them go outside the controlled area.
4. Focus on the Ocean Fishing Project, as there are still a number of countries that want Vietnam to cooperate with them officially to fish and solve the labor and the jobs; Push the Project in September and submit to the Prime Minister for approval in the early October 2017.
5. Review the fisheries infrastructure to assess and petition to the government for its step by step support.
6. Build up livelihoods for fishermen and reduce the number of fishermen participating in fishing. There is a marine aquaculture planning program to reduce fishing activities. In addition, the MARD is focusing on cultivation and animal husbandry programs to shift a number of fishermen to work on land.
7. Join regional and international organizations in fisheries.
8. Focus more on propaganda and training for fishermen.
At this meeting, the Minister – Mr. Nguyen Xuan Cuong and Ambassador – Mr. Bruno Angelet agreed every six-month to jointly review the efforts and results that Vietnam has made in improving marine fishing activities following EU recommendations. With such efforts and determination, the Ministry of Agriculture and Rural Development and seafood enterprises expect Vietnam will avoid getting the yellow card from the EU.
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.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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