That could help Vietnam’s fishery sector remove the yellow card this year after the EC's third inspection in mid-2020, he said.
The Ministry of Agriculture and Rural Development (MARD) reported an inspection delegation of the European Commission’s Directorate-General for Maritime Affairs and Fisheries (DG-Mare) is scheduled to visit Vietnam from May 25 to June 5 to inspect implementation of the EC recommendations fighting IUU fishing.
If the EC inspection team continues to find illegal fishing in the third inspection this year, Vietnam will not be able to remove the yellow card and may even receive a "red card" (banning imports), according to MARD.
The fight against IUU fishing is an important factor for the EC's decision of removing the yellow card or not, the MARD reported.
Therefore, Minister Cường has requested the 28 coastal provinces to promote the fight against IUU fishing and effectively implement the Fisheries Law. The provinces must strictly control fishing vessels entering and leaving ports, product origin traceability, as well as fishing diaries and reports.
Nguyễn Quang Hùng, deputy director of MARD's General Department of Fisheries, said as of January this year, Vietnam had 13,150 ships with cruise monitoring equipment installed, including 2,372 ships with a length of over 24m and 10,778 ships with a length of 15m-24m.
That means 92 per cent of the total of over-24m-long ships have cruise monitoring equipment while only 37 per cent of ships with a length of 15m-24m have this equipment.
Cường said after two inspections in June 2018 and November 2019, the EC’s inspection team recognised Vietnam’s co-operation, transparency and honesty in providing and exchanging information during their time in Vietnam.
The country’s significant improvements in the monitoring, control and surveillance of fishing vessels have been noted, and the management process and organisation of fishing vessels through ports are carried out flexibly and effectively.
Vietnam has also made great efforts to install fishing vessel monitoring systems, disseminate regulations to vessel owners and implement gear marking fishing vessels based on the EC’s recommendations.
The EC’s inspection team also acknowledged Vietnam's efforts in increasing the management of fishing density through freezing offshore fishing fleets. Vietnam has completed a legal framework for fishing activities, including the Fisheries Law.
The sector has remained weak in managing foreign vessels visiting local ports to import fishery products. The traceability has not yet met the EC's requirements.
According to MARD, due to the EU yellow card for Vietnam's seafood products, Vietnam's exports to the EU fell by 6.5 per cent to US$390 million in 2018 and by 11.5 per cent to $345.2 million in 2019.
From being the second largest import market for Vietnam's seafood, after the yellow card, the EU has dropped to fifth, and its imports have decreased from 18 per cent to 13 per cent of Vietnam’s exports.
(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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