Noting the Red List of Threatened Species of the International Union for Conservation of Nature, which revealed that five of the eight tuna species in the world have been considered threatened with extinction, Legarda said that the issue is relevant to the Philippine fishing industry.
The country is the fourth largest producer of fresh chilled and canned tuna products in the world.
“Overfishing has been a great challenge to the country’s fishing industry,” said Legarda.
Apart from declining tuna stocks, she said they have also received reports earlier in the year regarding the decline in the supply of galunggong and dilis.
“We have to immediately address this concern because continued marine degradation and weak enforcement of our fisheries law will further deprive our citizens of their basic needs,” she said.
The senator expressed hope that the Philippine ratification of the Agreement with the International Center for Living Aquatic Resources Management (ICLARM) will produce significant improvements in the country’s fisheries and aquaculture sector.
She said ICLARM has been working closely with a number of research institutions in the Philippines to increase fish production, improving resource management and equitable distribution of benefits in developing countries and protecting the environment.
“The presence of ICLARM in the country, through a duly established Office, ensures the continuity in its programs and joint initiatives with the Philippine government and other partner institutions for the development of the fisheries sector,” she said.
However, our government has the greater responsibility to ensure that it faithfully and effectively implements the provisions of the Fisheries Code to balance the need for livelihood and food supply and the need to ensure continuous production of fish species for future yield and maintain ecological balance.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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