* Could you please tell us the most prominent and new points in the Fisheries Law (amended) recently passed by the National Assembly?
The Fisheries Law (amended) stipulates for co-management in protecting fisheries resources in order to raise the awareness and responsibility of people in protecting fisheries resources, step by step implement the socialization policy in the management of fisheries resources protection. The Law aims to create a legal basis for the State to grant management rights to the community organizations in the protection of fisheries resources. This is a new management approach adopted by many countries for the management of fisheries activities, especially the management of fisheries resources.
Regarding aquaculture, the Law provides more detail provisions and covers all farmed species, farming models and purposes of aquaculture. For example, the Law regulates conditions for aquaculture not for human consumption, gives license for aquaculture at sea, allocates marine areas for farmers for aquaculture, etc. For marine aquaculture, time for allocation of marine areas is raised to 30 years and extended to a maximum of 20 years.
Fishing quotas and permits are determined based on the results of investigation and evaluation of fisheries resources, fish stocks, sustainably allowable catch. Fishing licensing is thoroughly decentralized to Provincial People's Committees.
Under the new Law, we will transfer the management of fishing vessels based on capacity (CV) to the management based on the largest length of the vessels.
Another new point is that the Law regulates the socialization in fishing vessel registration in order to mobilize resources from the society to invest in this activity with an aim to reduce the burden on state management agencies and to facilitate fishermen.
* What are the new provisions in the Law to overcome overfishing in inshore waters as well as the use of destructive fishing gears in many localities?
The Fisheries Law 2017 derives from a scientifically based approach that is based on fisheries resources by conducting an investigation.
Fisheries resources are being over-exploited. The management will be decentralized to local authorities. In addition, the law regulates the investigation and planning of spawning grounds, breeding grounds for planning and protection.
“We will manage the fishing effort by licensing fishing vessels as well as building new fishing vessels and will come up with a prohibition on seasonal fishing according to the type of fishing that is currently taking place” said Mr. Tam.
The 2003 Law on Fisheries stipulates that this is not possible. With the status of Vietnam being withdrawn by the European Commission (EC), Vietnam is forced to take this issue seriously", said Deputy Minister Tam.
In addition, the noteworthy point in the Fisheries Law of 2017 is that the Act introduces strict sanctions against acts of IUU fishing.
* The rules related to Illegal, Unreported and Unregulated Fishing in the new Law?
This content is regulated in the Articles and Chapters of the Law. The Fisheries Law was amended in accordance with the principles of the 1982 United Nations Convention on the Law of the Sea, the FAO Agreement on State Port, the United Nations Agreement on straddling and highly migratory fish stocks, the FAO guidelines for responsible fisheries, the FAO International Plan of Action for IUU Exploitation, the FAO Guidelines for Flag State Performance, focus on the 9 recommendations of the European Commission (EC).
Specifically, individuals with violations such as ship owners, captains etc., the maximum penalty up to 1 billion VND and the organization is 2 billion VND. The law also mentioned the content to withdraw the mining license, or not re-issue the mining license etc.
Viet Nam has and continues to take drastic action, making every possible way to return back “green card” within 6 months. The Prime Minister has signed the 732/CD-TTg on preventing, deterring and eliminating illegal fishing of Vietnamese vessels in foreign waters. In the official statement, if the situation continues to happen for fishermen to illegally catch in foreign waters, the chairman of the provincial People's Committee will be responsible to the Prime Minister.
The Ministry of Agriculture and Rural Development has the National Action Plan. Accordingly there will be strong participation of localities and businesses. The Vietnam Association of Seafood Exporters and Producers (VASEP) has a voluntary commitment program of marine product exporters to the EU not to buy and sell illegal catch.
In the face of these drastic measures, the illegal fishing in foreign waters has been reduced. Typically, since Jul 2017 Quang Ngai province has recorded no fishing vessels in the province which violated.
In the coming time, MARD will set up a task force to take urgent measures to remove the “yellow card”.
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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