Vice Chairman of the Spanish Chamber of Commerce in Vietnam Rubén Saornil Mínguez recently appreciated efforts by the Vietnamese Government, businesses and fishermen in fighting illegal, unreported and unregulated (IUU) fishing following the European Commission (EC)’s recommendations.
He made the assessment when attending a conference themed “Promoting Tuna Value Chain, Combating IUU Fishing and Exporting Tuna to EU in line with the EVFTA Commitments” in the central province of Khanh Hoa on October 10, the Nong nghiep (Newspaper of Agriculture) reported.
To implement EC recommendations, Vietnam issued the Fisheries Law 2017 and guiding documents towards sustainable aquaculture and fishery development. And to boost strict enforcement, the country set up a national steering committee for IUU fishing prevention and has required all fishing vessels to install position monitoring devices.
The moves show that the country has made a remarkable improvement compared to what it did in the previous inspection, he reportedly affirmed.
As of August 31, 24,851 out of the 30,851 fishing vessels, each with the length of 15m and above, or 80.61 percent of the total fleet had been equipped with the vessel monitoring systems.
Rubén also reportedly spoke highly of Vietnam’s moves to intensify the traceability of aquatic products in the supply chain, well control fishing vessels in and out of fishing ports, as well as the output of seafood handled at the ports, and build ships in accordance with Vietnamese and EU standards.
In addition, the country has also made a master plan for the exploitation and protection of aquatic resources so as to streamline the fishing vessel fleet in accordance with reserves as well as sustainable and responsible fisheries development.
The official acknowledged Vietnam’s efforts to contribute ideas for regional and international fisheries organisations, especially those involved in the sustainable fisheries development, for example the United Nations Fish Stocks Agreement (UNFSA), the Agreement on Port State Measures to Prevent, Deter and Eliminate Illegal, Unreported and Unregulated Fishing (PSMA), and the ASEAN IUU Network.
He stated that Vietnam currently ranks third in the world in terms of seafood exports, while the EU is a large seafood consuming market with around 22kg per person per year. Therefore, the EU-Vietnam Free Trade Agreement is a good chance for Vietnam’s aquatic products.
The official stressed the need for Vietnam to trace the origin of aquatic products and avoid IUU fishing.
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.
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