“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.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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