The trade war between the US and China is also harpooning the Asia-Pacific region and fueling sea changes in fish wars. By sheer volume, more than 50 percent of the world’s catch of marine and river fish, and almost 90 percent of global aquaculture come from this area.
To be clear, Asia’s fisheries and shrimp farms are essential for the food security and livelihoods of rural and coastal populations. However, the distribution imbalance of global fish production, coupled with fish trade tariffs, challenges socio-economic growth in poorer countries.
For emerging economies like Vietnam, the export of frozen catfish, or tra, has been a long-standing contentious trade issue in the US market. Despite the US having imposed anti-dumping duties now calculated at 25.39 percent, tra and catfish fillets accounted for 90 percent of the total imports to the US market in the first half of the year.
The growing popularity of fish in global markets like the EU, the US, China, and Japan frays more than the nets of fishers – it also disrupts and denigrates the commons. This “tragedy of the commons,” first coined by scientist Garret Hardin in 1968, describes what happens when groups or nations, pursue their self-interests above what’s best for all. Overfishing in the disputed South China Sea is an example where weak fishing regulations contribute to rampant illegal practices that often go unreported.
In the South China Sea, or the East Sea as the Vietnamese prefer to call this body of contested water, it’s clear that the ocean’s resources need more marine stewardship. Total fish stocks in the SCS have been depleted by 70-95 percent since the 1950s according to experts at the Asia Maritime Transparency Initiative (AMTI) at the Center for Strategic and International Studies (CSIS) in Washington DC. The region is facing an ever greater risk of catastrophic biodiversity losses. The wider environmental impact often gets intertwined in tricky sovereignty issues, as China’s long-distance water vessels continue to ensure their fish catches are boundless. Each and every day, Chinese steel trawlers are pushing their boundaries and prowling the deep seas as far away as the coast of West Africa.
In a review of the status of the world’s fisheries and aquaculture, The Pew Charitable Trust last week recommended to members of the Committee on Fisheries (COFI) of the UN Food and Agriculture Organization (FAO) that they take measurable steps to improve fisheries governance.
It’s no wonder that at this rate the Organization for Economic Cooperation and Development and the Food and Agriculture Organization (FAO) forecast a fishing growth rate of a meager 1.2 percent over the next decade.
“Illegal, unreported and unregulated (IUU) fishing has negatively affected Southeast Asia since it costs annually the region billions of dollars, accounting for more than 2.5 million tons of fish a year, or as much as a third of the regional catch,” writes Peter Chalk, an expert on maritime security at the US Naval Postgraduate School.
Despite these troubling forecasts, the fisheries sector remains a cornerstone of the Vietnamese economy and has contributed to an average growth rate of 7.9 percent. However, Vietnam, like other ASEAN countries and China, also contributes to illegal and unreported catches, disrupts ocean beds and destroys coral.
According to the FAO, Thailand’s fishing industry is also on a downward trend. The failure in stewardship of marine life falls heavily on an increasing number of marine biologists, who recognize that baselines have shifted and governments always act in their own self-interest with little regard for future conservation and sustainability.
“Amidst overexploited fisheries and further climate related declines projected in tropical fisheries, marine-dependent small-scale fishers in Southeast Asia face an uncertain future,” acknowledge Dr. Daniel Pauly and Lydia C.L. Ten, both of whom are scientists associated with the Institute for the Oceans and Fisheries at the University of British Columbia.
European Union sources reveal that the Commission completed a formal visit to Vietnam on May 16-24, 2018 to evaluate the progress of Vietnamese authorities in addressing the deficiencies that led to the yellow card adopted last October. The EU Commission has said that it will continue to cooperate with Vietnam to redress the situation that led to the issuance of the yellow card.
According to Enrico Brivio, a spokesman for the EU’s Environment, Maritime Affairs and Fisheries, Vietnam’s current yellow card status will not be reviewed until 2019. Thus, it joins the ranks of other violators including Thailand, The Philippines, and Papua New Guinea.
Cambodia remains on the export sidelines, having been issued a red card restricting all of its fish products into the EU. The country’s once bio diversely rich Tonle Sap Lake, a source for fish protein for over three million people, is also under threat of collapse from climate change and upstream dam construction.
Southeast Asia fisheries are at a turning point and the declining fish catches and collapsing fisheries need to be recognized as a food security risk for the region’s path to development. The Asia-Pacific Fishery Commission, a regional consultative forum, reaffirms that with over three million fishing vessels in the region and of that, two million fishing in the South China Sea and Bay of Bengal, the future of the fisheries is in peril.
This week, a Vietnamese delegation led by Vice Minister Vu Van Tam and joined by senior officials from the Ministry of Agriculture and Rural Development (MARD) have scheduled an administrative review with US Department of Commerce and International Trade Administration officials, to respond to the imposed penalties and tariffs on their fish exports.
Hanoi gets serious about illegal, unreported, and unregulated fishing
Recently, the Vietnamese government agreed to join the Port State Measure Agreement, (PSMA) established in 2016, to prevent and fight illegal, unreported, and unregulated (IUU) fishing. Many observers believe that this adhesion to PSMA is an important first step in bringing its fisheries legal framework in line with international standards.
“Enforcing effective port controls as a region is equally critical: illegal operators always look for the path of least resistance, and will therefore make their way to any ports with lax controls,” states PSMA expert Dawn Borg Costanzi.
In recent months, Vietnamese Prime Minister Nguyen Xuan Phuc has called for a national action plan to crack down on IUU issues, which would bring together 62 seafood companies to sign off on sustainable fishing practices.
With so much at stake, there seems to be increasing agreement among fishery experts and policy makers that fish stocks can be replenished through good management: enforcing quotas, cooperating on marine scientific research, penalizing trans-shipments, and developing marine protected areas to safeguard against further exploitation.
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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