Speaking at a conference titled "Marine product enterprises commit to combating IUU fishing" in HCM City, Nguyen Thi Thu Sac, VASEP’s deputy chairwoman and chairwoman of the VASEP Marine Product Committee, said: “We are committed to buying raw materials only from legal fishing vessels with clear traceability and importing only legally caught seafood.
“We are resolute about not buying catches sourced from fishing vessels operating without a permit, logbook or report in accordance with regulations or fishing using prohibited gear.
“We say no to protected species and catches smaller than the minimum size.”
Nguyen Hoai Nam, VASEP’s deputy secretary, said its members are aware of the importance of the IUU regulations and realise that the fight against IUU would be a long-term process that needs active and regular participation by seafood businesses.
Strictly implementing the IUU regulations is an important step in preventing Vietnamese seafood from being warned or prohibited from selling to key markets such as the EU and US, he said.
Viet Nam could be penalised by the EU with a "yellow card" if it does not promptly and fully adhere to the requirements on fighting IUU fishing, which are related to the five recommendations made by a Directorate-General for Maritime Affairs and Fisheries (DG MARE) working group following a review last May in Viet Nam.
If a country gets a yellow card, it creates nervousness among EU retailers about seafood imported from that country, and they may look elsewhere to buy.
Other import markets will also strengthen checks of seafood exported by that country.
If the country gets a red card, its seafood products will be banned in the EU.
Sac said, “We are fully aware that it is vital for us to comply with all IUU regulations in various markets.”
This is an opportunity for official agencies, fishermen and seafood processors and exporters to take a deeper look into the issue and reorganise fishing activities in a sustainable and effective manner to emphasise the prestige of Vietnamese seafood exports, she said.
VASEP’s Steering Committee of fisheries enterprises on combating IUU was unveiled at the conference the same day.
The committee and the VASEP office would set up an IUU task force that would work closely with the Ministry of Agriculture and Rural Development, the Directorate of Fisheries and other State agencies to address short-term and long-term issues in the programme on combating IUU fishing, Sac said.
Viet Nam earns US$1.9-2.2 billion from exports of marine products annually, with the US and EU accounting for $350-400 million each.
Source: VNS
(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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