Vietnam was issued a "yellow card" by the European Commission in October 2017 and warned that it may ban seafood imports from Vietnam if it does not "do more" to tackle illegal fishing.
Since issuing the "yellow card" warning, the European Commission (EC) has inspected Vietnam twice in 2017 and 2019. But now, after nearly 4 years of implementing the EC's recommendations Vietnam has not yet removed the "yellow card".
Therefore, during an online meeting with localities related to combating illegal, unreported and unregulated (IUU) fishing on September 7, Prime Minister Pham Minh Chinh requested that the latest in This year, provinces must stop violations of fishing vessels by measures such as installing VMS equipment, marking fishing vessels, strictly controlling fishing vessels, propagating and mobilizing fishermen, completing legal framework to handle violations…
According to the report titled “A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing: The Case of Vietnam” by the Vietnam Association of Seafood Exporters and Producers (VASEP) and the World Bank announced on August 10, if Vietnam is issued a red card, it is estimated that Vietnam will lose about 387 million USD per year due to loss of income. export revenue from wild-caught seafood including tuna, bivalve molluscs and other seafood, and a loss of US$93 million from farmed seafood exports, which will be impacted indirectly by the EU ban.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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