The southern province of Kien Giang aims to resolutely minimise and end illegal, unreported and unregulated (IUU) fishing, develop and implement a project on consolidating and rearranging fishing vessels in the province to provide stable work for fishermen, ensuring sustainability in preventing IUU fishing. Kien Giang province has made efforts to prevent IUU fishing, which has decreased sharply over the years. In the first quarter of 2021, authorities have fined nine cases involving nine persons with four fishing vessels violating foreign waters to fish illegally. Boasting a huge water area of over 63,290sq.m, Kien Giang has some waters shared and overlapped with other countries in the region. On the other hand, several ship owners and fishermen have sailed to foreign waters for fishing for economic benefits. According to the provincial Department of Agriculture and Rural Development, there are 9,881 operational fishing vessels with a length of 6m and above, including 9,433 fishing and 448 fishing logistics service ones. Currently, the province has 3,608 out of 3,623 fishing vessels that have installed VMS cruise monitoring equipment, while the remaining fishing vessels are on the way. Secretary of the Kien Giang provincial Party Committee Do Thanh Binh has tasked subordinate Party units to urgently develop specific plans focusing on directing the serious, drastic and effective implementation of the goals, tasks and solutions set in the provincial Party Committee's Resolution No. 34-NQ/TU dated July 13, 2020 on strengthening management solutions to prevent fishing vessels and fishermen from violating foreign waters for illegal fishing. The province is carrying out projects on sustainable development of marine aquaculture in Kien Giang province until 2030 and investigation into fishing occupations in coastal waters of Kien Giang; and restructuring the local fishing industry in order to develop the province's fisheries in a sustainable and effective way, contributing to preventing IUU fishing, and thus joining national efforts to remove the EC's "yellow card"./.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports to the EU reached USD 7 million in the first half of October 2024, marking a 27% year-on-year increase. As of October 15, 2024, cumulative exports to the EU totaled over USD 134 million, reflecting a slight 0.01% decrease compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius export revenue in October 2024 reached nearly $202 million, a 17% increase compared to October 2023. The cumulative export value for the first ten months of the year totaled $1.7 billion, marking a 9% year-on-year increase.
(seafood.vasep.com.vn) Vietnam's exports of crabs and other crustaceans continued to see high growth in September 2024, with a 54% increase compared to the same period in 2023. In the first nine months of the year, exports of crabs and other crustaceans reached over USD 228 million, a 67% increase year-over-year.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
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