The European Commission (EC) has rescheduled an inspection on illegal, unreported, and unregulated (IUU) fishing in Vietnam from May to this upcoming autumn, according to Director of the Fisheries Resources Surveillance Department Nguyen Quang Hung. The visit will take place around September-October instead of May, as previously expected. In the interim, Vietnam will continue to take strict actions to have the EC’s 'yellow card' for local fishery products removed. Deputy Prime Minister Tran Luu Quang is also expected to chair a meeting and conduct a field visit on measures against IUU fishing in coastal areas in June. The Ministry of Natural Resources and Environment (MONRE) will also have a monthly plan for on-site inspections along the coast starting now and continuing until the EC’s visit. Hung emphasised that the key priorities in the meantime are minimising violations committed by local fishing vessels in foreign waters and strictly enforcing regulations. At the same time, authorities must take action for vessel management to ensure eligibility for fishing at sea, in addition to verifying fishery product origins at the ports. “These are the key tasks and they must be radically addressed with visible results from now until September in order for us to have a chance at lifting the ‘yellow card’. “Otherwise, it would be very difficult to report to and negotiate with the EC,” said Hung. Deputy Minister of Agriculture and Rural Development Phung Duc Tien also stressed that authorities must follow the EC’s four groups of recommendations for Vietnam, alongside the completion of policy frameworks, specific action plans and strengthened inspections on fishing fleets. Authorities must also ensure that 100% of the vessels have a vessel monitoring system (VMS) installed, and that no ships are allowed to set sail without meeting all the requirements. A digital tracing plan is also expected to be issued to prevent documentation fraud in product origin certification. Higher administrative fines will also be imposed for violations. According to a report from the MONRE, the EC’s fourth IUU fishing inspection in Vietnam in October last year showed that positive progress had been made, but limitations and shortcomings still remain, which means the 'yellow card' warning has not been removed. The removal of the 'yellow card' on marine products is seen as a critical and urgent task for Vietnam, as the European Union is among the top three largest export markets for Vietnamese seafood, only behind the US and China./.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
(seafood.vasep.com.vn) According to the Action Plan to implement the growth targets for agriculture, forestry, and aquaculture from the Bình Định Department of Agriculture and Environment, which has just been issued, the goal for 2025 is to achieve an overall GRDP growth rate for the entire sector from 3.6% to 3.8%, with the highest effort to reach a growth rate of 3.8%.
(seafood.vasep.com.vn) The area for Pangasius farming in Dong Thap currently exceeds 1,332 hectares, with over 180 hectares harvested, yielding 81,733 tons of fish. The Pangasius industry has 87% of its production area in line with the planning regulations; most production areas apply technical procedures and standards to meet the market requirements of importing countries.
The UK joining CPTPP not only does not create barriers but also brings many advantages and great opportunities for domestic footwear and seafood businesses.
Deputy Minister of Agriculture and Environment Phùng Đức Tiến talked to Việt Nam News reporter Tố Như about the future development orientation after the ministry officially began operations.
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