Fisheries sector striving to secure sustainable, responsible development
Under Vietnam’s fisheries development strategy to 2030 and vision to 2045, the fisheries sector is applying itself to become an important sector in the country, strongly integrate into the world, develop sustainably and responsibly, and proactively adapt to climate change.
People net fish onto a beach in Quang Xuong district of Thanh Hoa province (Photo: VNA)
Hanoi (VNA) - Under Vietnam’s fisheries developm♔ent strategy to 2030 and 💖vision to 2045, the fisheries sector is applying itself to become an important sector in the country, strongly integrate into the world, develop sustainably and responsibly, and proactively adapt to climate change.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that after continually posting rapid growth, the fisheries sector now has considerable production scale and value along with many products earning annual export turnover in excess of 1 billion USD.
Its product structure has changed strongly towards higher proportions of aquaculture and products with high added value, he noted, adding that aquatic products have been exported to about 160 countries and territories, in particular the EU, Japan, the US, the Republic of Korea, and Russia.
The presence of Vietnamese fishing boats and fishermen on the country’s seas has also greatly helped safeguard maritime sovereignty and security. The fisheries sector now provides jobs for about 3.9 million people, thus contributing to agricultural restructuring, according to Tien.
However, he acknowledged, there remain many problems facing the sector, which has yet to fully tap into its potential and advantages.
It is looking to earn 14-16 billion USD from exports and establish itself as a key national sector with sustainable development and proactive adaptation to climate change by 2030. Vietnam also targets becoming one of the three leading fisheries producers and exporters in the world by 2045.
Tran Dinh Luan, General Director of the Directorate of Fisheries, recommended localities re-organise production, exercise sound control over inputs, issue timely warnings on disease in farmed species, and boost technology transfer, which are both short and long-term tasks.
He also called on relevant agencies to immediately pay due regard to the fight against illegal, unreported, and unregulated (IUU) fishing, noting that the Ministry of Agriculture and Rural Development has requested relevant sectors and localities soon complete steering boards on anti-IUU fishing and send members to the national steering committee so as to take uniform action to carry out recommendations from the European Commission, which has issued a “yellow card” warning on the issue to Vietnam.
Former Minister of Agriculture and Rural Development Nguyen Xuan Cuong said that to achieve set targets, the fisheries sector should take concerted solutions such as reducing the number of inshore fishing vessels, increasing offshore fishing fleets, gradually downsizing exploitation, boosting aquaculture, and stepping up the conservation, recovery, and development of fisheries resources./.
Fisheries will be branched out into an important economic sector of the nation by 2030 under a fisheries development strategy to 2030 with vision until 2045, which has been recently approved by the Prime Minister.
All fishing ships in Binh Dinh must obtain food safety certificates by the end of June as part of efforts to enhance the quality of fishery products caught by the south-central province's fishing fleet, according to a local agricultural official.
The Prime Minister has approved a project on developing the agricultural biotechnology industry to 2030 with the aim of optimising the country’s potential in researching, applying, and mastering advanced biotechnologies in the agricultural sector.
The Mekong Delta province of Kien Giang has completed 98.6 percent of its plan to equip fishing vessels with cruise control devices as part of measures to fight illegal, unreported and unregulated (IUU) fishing.
The third VietShrimp Aquaculture International Fair, focusing on technology in Vietnam’s shrimp industry, opened in the Mekong Delta city of Can Tho on April 14.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.