<div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">If the Island nations that form the nucleus of this fishery do not take action to reduce the pressure on the resource, stocks of bigeye and yellowfin tuna, the mainstay of the Japanese sashimi trade, will be severely damaged.</span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">At the OPRT seminar on February 10 Jiro Suzuki - the Pelagic Fish Section Chief of the National Research Institute of Far Seas Fisheries -announced the results of a recent study. The tuna fishing industry is rapidly escalating in strength, with the increasing fish-catching ability of small to mid-size long-liners leading the growth. Considering this fish-harvesting potential Mr. Suzuki stressed the need to look closely at how the existing regulations are working, and to strengthen them to protect the fishery. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">The backdrop for this change is the combination of the smaller, cheaper fishing vessel and refrigerated shipping containers. This combination has become an internationally competitive new business model with a worrying effect on the operation of Japanese fishing vessels. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">The impetus for this study was a declaration the OPRT received last year from the PITIA (Pacific Islands Tuna Industry Association) of the following points;</span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">-In the South Pacific the catch of albacore and the number of fishing vessels has increased dramatically. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">-The use of refrigerated containers maintaining -60°C and small long-line vessels equipped with super-refrigerated storage capacity is a prominent trend.</span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">-Depletion of bigeye and yellowfin tuna resources, taken as by-catch is of very serious concern.</span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">On receipt of this declaration the OPRTs Professor Suzuki instigated an urgent study by consulting experts in the various RFMOs.</span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">The results of Professor Suzuki’s investigation announced at the OPRT Seminar are as follows;</span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">- Statistics provided by the worlds RFMOs are utterly inadequate, with the one exception being the IOTC. According to their figures there are 1500 vessels under 24 meters and 600 vessels over 24 meters. Referring to Japanese foreign trade estimations of unloading statistics from Chinese, Taiwanese, Micronesian and other countries’ vessels – small fishing vessels are on the increase, and albacore are being landed in increasing numbers.</span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">-Small long-line vessels (50-150ton class) equipped with on-board super-refrigeration capacity are being built in the shipyards of Taiwan and Fiji.</span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">-At the fishing ports in the area traditional refrigerated carriers are increasingly being replaced by super-refrigerated containers. Such containers are versatile and well suited to handling and delivering small consignments.</span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">-With operating costs of refrigerated containers becoming increasingly economical and the increasing fish catching ability of small long-liners; these vessels are now operating throughout the WCPFC area. Increasing pressure on big-eye and yellowfin tuna resources is also very worrying with these species, taken as by-catch, representing 8-10% of the total catch of these vessels.<br /> -It is necessary that fishing industry committee members understand the operations of different types of fishing vessels. In the past the small long-liner has been regarded as a minor player and largely ignored, however it is now clear that they have developed fish catching abilities equivalent to large vessels. Measures are required to prevent over-fishing and Mr. Suzuki appealed to the Japanese government to show initiative in this area.</span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">After Professor Suzuki’s presentation, members of the audience voiced their concern over the worsening economics of operating large long-liners, compared to the competing smaller vessels, in combination with refrigerated containers. Increasing oil costs serve to exacerbate this problem, according to many in the audience. </span></div>
(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.”
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