This is an important step to stop Vietnamese seafood from being warned or prohibited from importing to key markets such as the European Union and the United States.
According to VASEP, Viet Nam could be fined by the EU with a "yellow card" if it does not promptly and fully adhere to EU’s requirements on fighting IUU fishing, which are related to the five recommendations made by the Directorate-General for Maritime Affairs and Fisheries (DG MARE)’s working group during the reviewed period of May 15-19, 2017, in Viet Nam.
If a country is subject to a yellow card (an official EU warning), it will create nervousness among EU retailers in connection with seafood imported from that country, and they may substitute the seafood from that particular country. If the country is fined with a red card, its seafood products will be prohibited from import into the EU.
The IUU regulation applies to all vessels of EU or the third country at EU ports and all seafood products imported to or exported from EU countries. This regulation is to ensure that no illegally harvested fishery products enter the EU market.
VASEP said its members were aware of the importance of the IUU regulations and relevance for seafood businesses, and realised that the fight against IUU would be a long-term process that needed active and regular participation of seafood businesses.
VASEP members said it is necessary to set up a management board for seafood businesses to fight against IUU fishing.
EU played a leading role in the global fight against IUU fishing. The IUU regulation came into effect of October 1, 2010, aiming to ensure that only seafood products certified by the national authorised body or exporting country are imported to or exported from EU.
The list of IUU fishing vessels will be regularly updated, which are defined by the Regional Fisheries Management Organisations (RFMOs).
Deputy Head of the Directorate of Fisheries’ Technology Science and International Co-operation Department Nguyen Thi Trang Nhung told nonnghiep.vn newspaper that 24 countries and territories had received penalty cards under the IUU regulation, including countries and territories with modern fishing fleets, of which 13 nations had their penalty cards withdrawn thanks to improved management systems, including Ghana, Guinea, Panama and Papua New Guinea, as well as the Philippines, South Korea and Sri Lanka.
Of the remainder, three nations were given red cards -- Cambodia, Conmoros, and Saint Vincent and Grenadines -- and eight nations and territories were given yellow cards, including Siera Leone, Taiwan, Thailand, Trinidad and Tobago, and Tuvalu.
As for the role of State management, Nhung said relevant agencies were taking urgent measures to prevent Vietnamese fishing vessels from illegally fishing in the waters of the Pacific islands. It would focus on strengthening controlling measures at ports in localities, increasing inspection and expanding the network of Vessel Monitoring System (VMS) for large vessels.
“The Vietnamese agencies will strengthen co-operation on fighting IUU fishing with countries in the region and the Pacific islands and join the Food and Agriculture Organisation’s Agreement on Port State Measures and the UN Fish Stocks Agreement," she said.
Source: VNS
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn