According to Spokesperson Le Thi Thu Hang, Vietnam's stance on the issue of illegal, unreported and unregulated fishing (IUU) is consistent and has been stated many times. Accordingly, Vietnam focuses on sustainable development of the blue economy, maintaining and developing the fishery industry with the suitable fishing vessels structures and occupations that allow exploitation of marine resources. This process must comply with full provisions on IUU fishing, relevant international conventions and agreements to which Vietnam is a signatory or a member; These include the Agreement on the Implementation of the Provisions of the United Nations Convention on the Law of the Sea (UNCLOS) of December 10, 1982 on the conservation and management of amphibian and migratory fish stocks, the Agreement on Port State Measures (PSMA) to prevent and eliminate IUU fishing by the Food and Agriculture Organization of the United Nations (FAO).
According to Spokesperson Le Thi Thu Hang, over the past time, Vietnam has built and completed the legal system on fisheries to ensure effectiveness and efficiency; at the same time, implementing many measures to reduce and limit IUU fishing activities; prevent and stop Vietnamese fishing vessels and fishermen from illegally catching in foreign waters.
The authorities as well as the coastal localities of Vietnam regularly manage, propagate, educate and implement specific measures for fishermen to comply with Vietnam's laws, respect the state waters, that are established in accordance with the 1982 UNCLOS.
Vietnam also actively and responsibly participates in combating IUU fishing, and is always ready to join forces with other stakeholders, countries in the region and the international community to strengthen cooperation and share experiences in combating illegal fishing. Along with that, promoting effective and sustainable fisheries management in accordance with international law.
Compiled by My Hanh
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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