Removing the European Commission (EC)’s illegal, unreported and unregulated (IUU) fishing “yellow card” is not easy and cannot be done overnight, but the Vietnamese business community and associations are still determined to do, not only to meet EU requirements, but also for the sake of sustainable fishery development.
The message was delivered by leading officials of the Vietnam Association of Seafood Exporters and Producers (VASEP) at a workshop evaluating the three-year implementation of the “Vietnam Marine Product Companies Commit to Combat IUU Fishing” programme in Ho Chi Minh City on October 31.
VASEP statistics showed that the “yellow card” has made Vietnam’s seafood exports to the EU decrease continuously since 2018. The country’s export turnover of seafood declined by 6 percent in 2018, 15 percent in 2019, and 13 percent in the first nine months of this year.
From the second biggest importer of Vietnamese seafood with a value of 380-480 million USD a year, the EU now ranks fifth, after Japan, the US, the Republic of Korea and ASEAN.
Nguyen Thi Thu Sac, VASEP Vice President and head of its Seafood Committee, said that the EU, however, remains important partner of Vietnam’s fishery sector. Therefore, the association and the seafood business community are exerting every effort to maintain this market.
At present, 82 percent of fishing vessels are equipped with position monitoring devices, the trace for seafood origins has improved, and the legal framework has gradually completed.
Many delegates attending the workshop emphasised the need to raise fishermen’s awareness of abiding by EC recommendations.
Vietnam is exerting efforts to prevent IUU fishing so as to persuade the EC to remove the “yellow card” warning, which was issued in October 2017 as the country had failed to demonstrate sufficient progress in the fight against IUU fishing.
Countries that fail to meet EC standards are given a "yellow card", followed by a "green card" if the problems are resolved, or a "red card" if they are not. A red card can lead to a trade ban on aquatic products.
VNA
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
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.
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
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