“The EU carding system to drive out illegal fishing is showing it has real teeth, and the reason is simple,” says Tony Long, former director, WWF European Policy Office and a Senior Fellow of the Global Government Institute. “Countries are terrified that the ultimate sanction, the red card, imposes potentially enormous financial sanctions and significant risks.”
There’s no simple solution to force the industry, or consumers, to cut back on their insatiable appetite for fish. But with the increasing number of empty nets and a growing Asia population, overfishing continues to deplete oceans across the globe, with nearly 90 per cent of the world’s fisheries fully exploited or facing complete collapse. Certainly, with more armadas of fishing fleets plundering the ocean floors, there’s a looming food security issue unfolding in the South China Sea.
According to the Food and Agriculture Organization of the United Nations (FAO), between 11 and 26 million tons of fish, or 15% of world catches, are caught illegally every year. As the world’s biggest fish importer, the EU does not wish to be complicit in these unsustainable fishing practices. Since 2012 the EU Commission has initiated formal dialogues with several countries, thus the “yellow card” status warning. When significant progress is observed, the Commission can end the dialogue or raise the status to a “green card”. When there’s no or little compliance, it results in a failing grade - a “red card”, which translates into no exports.
Fishing is a cornerstone of Vietnam’s economy and since 2006 the nation has been globally ranked among the top ten leading exporting countries in fisheries. Its seafood industry is recognized as one of the world’s largest, along with the US, China and Norway, and expects to export more than $8 billion of its products worldwide, according to the Vietnam Association of Seafood Exporters (VASEP).
In seafood sales or export turnover - the range is between $1.9 to $2.2 billion - exports to the EU and the U.S. account for 16-17% (each market) with the value set on average per year at $350-$400 million.
Vietnam’s Ministry of Agriculture and Rural Development (MARD) and the Directorate of Fisheries, including the Vietnam Association of Seafood Exporters and Producers (VASEP), have mandated that all of them circle their nets to take measurable actions to balance fishing capacity and fishing fleet policy. The new Fisheries Law has been approved by the National Assembly, including regulation articles for the IUU.
This national action plan is a top-down command directive issued by Vietnam’s Prime Minister Nguyen Xuan Phuc to crack down on IUU fishing activities. As part of this drive, more than 62 seafood companies have joined ranks to insure sustainability practices.
The government has issued a flurry of decrees and directives, including supplementing IUU fishing regulations to legal documents, enforcement of regulations, educational workshops for fishermen, enhancement of cooperation with coastal and island countries to prevent IUU fishing, and regular dialogues with the EU on efforts to improve fisheries management.
“Of course, the development of marine conservation, aquatic conservation and natural resource protection is needed because stakeholders around the world recognize its importance,” claims Nguyen Hoai Nam, the deputy general secretary of VASEP.
Vietnam recognizes this is not only their problem, since the ten Association of Southeast Asian Nations (ASEAN) countries are estimated to account for one-fifth of global marine fish production. Six of them are in the world’s top 15 fish producers, with Indonesia in second place. This sector supports over 100 million jobs out of a total population of 600 million, including over 10 million fishers.
With more than 3.5 million fishing vessels in Asia accounting for 75 percent of the global fishing fleet, it’s no wonder that there’s rampant violation of fishing rules and increased competition for marine resources.
Vietnam’s proactive responses including placing observers, many of whom are former fishing captains, aboard their commercial trawlers to complete monitoring of catches. In 2010, in response to a Ministry of Agriculture and Rural Development report, Vietnam’s prime minister approved a national system to effectively manage marine protected areas (MPA) in sovereign waters. These include: Hon Mun in Nha Trang Bay, Cu Lao Cham and Phu Quoc. These organizations are an increasingly popular strategy for managing fisheries and contribute to resource rights.
Additionally, fishing captains are encouraged to keep an accurate logbook or registry of catches for inspection or become subject to fines in excess of $2000US and revocation of commercial fishing licenses.
Hanoi simply does not want to repeat Thailand’s mistakes, where a high percentage of the fishing fleet is unregistered and outside government control. Neither does it want to follow its neighbor, Cambodia, and be at the end of the line with a red card from the EU and unable to export fish.
The Vietnamese Directorate of Fisheries has developed a national fishery database that integrates data related to fishing vessels including registration, licensing, logbook entries and now uniformly-accepted software (VNFISHBASE) utilized in 8 coastal provinces.
While the nation’s fishery associations believe that there’s a need for more vocational centers to educate fishers about current and relevant fishing regulations, it’s an unclear future about Vietnam’s fisheries management regime. In the meantime, more time may be needed to earn a higher EU report card.
(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.
(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.
(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.
(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.
(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
(vasep.com.vn) The Global Shrimp Forum (GSF) 2026 is taking place from September 1–3 in Utrecht, the Netherlands, bringing together around 585 delegates from 40 countries, representing approximately 300 companies and organizations across the shrimp supply chain. Representatives from VASEP are attending the event as part of the Vietnamese delegation, strengthening connections with partners across the global shrimp industry.
(vasep.com.vn) At the international B2B seminar (Hosted Buyer Program) held as part of Vietfish 2026, Mr. Nguyen Hoang Pham, Sales Director of Tai Kim Anh Seafood Processing Joint Stock Company, delivered a presentation entitled “Vietnam’s Shrimp Industry: Changing for Sustainability.” From the perspective of a seafood processor, the presentation highlighted that Vietnam’s shrimp industry continues to play a leading role in seafood exports, but is entering a new phase of competition in which change is no longer an option, but a prerequisite for growth.
(seafood.vasep.com.vn) VIETFISH 2026 may have concluded after three dynamic days in Ho Chi Minh City, but conversations around the exhibition continue to resonate across international trade media, industry organizations, and the social media channels of participating companies.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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