Article 4. Penalties and remedial measures
1. The entity that knowingly commits any of the administrative violations in fishing industry shall be fined.
2. The violating entity shall, subject to the nature and severity of each administrative violation, also incur one or some of additional penalties as follows:
a) Suspension of license or practicing certificate or operations for a fixed period;
b) Confiscation of exhibits and instrumentalities of administrative violations, including: Fishing vessels, fishing gears, electrofishing equipment, chemicals, banned chemicals, toxins, fish and fishery products, certificates, licenses, permits or written approvals whose contents are erased or altered.
3. In addition to the remedial measures specified in Clause 1 Article 28 of the Law on penalties for administrative violations, this Decree also provides remedial measures as follows:
a) Enforced release of live aquatic animals;
b) Enforced transfer of dead aquatic animals of endangered, rare and precious species to regulatory authorities;
c) Enforced additional farming of endangered, rare and precious aquatic species as prescribed;
d) Enforced restoration to original conditions of functional sub-areas of marine protected areas, habitats of aquatic animals, marine areas, land areas, waters and facilities of fishing ports;
dd) Enforced destruction or repurposing of aquatic breeds, aquatic species, fishery products, aquatic feeds and aqua environmental remediation products;
e) Enforced re-export of aquatic breeds, aquatic species, aquatic breeds and aqua environmental remediation products;
g) Enforced recycling of aquatic breeds and aqua environmental remediation products;
h) Fishing vessel owners are compelled to cover costs for bringing their fishermen seized by foreign regulatory authorities into Vietnam;
i) Enforced destruction of fishing vessels which are prohibited from development or the ones built or modified without written approval from regulatory authorities;
k) Enforced flying of the national flag of the Socialist Republic of Vietnam or the flag of the ship’s nationality;
l) Enforced return of encroached areas;
m) Enforced re-export of fishing vessels.
Article 5. Fines and power to impose fines
1. The maximum fine for a violation against regulations on fisheries incurred by an individual is VND 1,000,000,000.
2. The fines prescribed in Chapter II hereof are imposed for administrative violations committed by individuals, except the administrative violations mentioned in Article 40 hereof. The fine incurred by an organization is twice as much as that incurred by an individual for committing the same administrative violation.
3. The fines imposed by the persons mentioned in Chapter III hereof are incurred by individuals. The fines they may impose upon organizations are twice as much as the fines they impose upon individuals.
(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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