VASEP proposes urgent measures to regain EU’s “green card” on seafood
The Vietnam Association of Seafood Exporters and Producers (VASEP) has proposed urgent measures to avoid receiving the European Commission (EC)’s “red card” warning after six months of a “yellow card” it has applied on Vietnam’s seafood, towards re-winning the “green card”.
HCM City (VNA) – The Vietnam Association of SeafoodExporters and Producers (VASEP) has proposed urgent measures to avoid receivingthe European Commission (EC)’s “red card” warning after six months of a “yellowcard” it has applied on Vietnam’s seafood, towards re-winning the “green card”.
In a document recently sent to leaders of the National Assembly,Government and Ministry of Agriculture and Rural Development (MARD), the VASEPasked for double examination of the draft revised Law on Fisheries before it isapproved to ensure that the EU and experts’ recommendations are considered.
The association held that the revision, along with a letter sent byMinister of Agriculture and Rural Development Nguyen Xuan Cuong to the EU onOctober 20 asking for the clarification of the union’s recommendations, is themost important step and a chance for the bill to be completed, meeting the commontrend of the world and the EU.
VASEP also suggested the formation of a working team for unreported andunregulated (IUU) fishing to be headed by a MARD leader and involvedrepresentatives of some ministries and associations, including the VASEP,focusing on activities to avoid receiving a “red card”.
It also suggested Minister Nguyen Xuan Cuong heading a delegation towork with EU representatives in Brussels, Belgium on IUU issues in Novemberthis year.
At the same time, the VASEP also proposed the organisation of aconference on IUU “yellow card” and the building of a six-month plan, gatheringrepresentatives of some ministries, sectors and businesses.
In a recent release, the European Commission gave the six-month “yellowcard” warning to Vietnam’s seafood as it found that Vietnam is not doing enoughto fight illegal fishing.
As scheduled, the EU will re-evaluate Vietnam’s efforts and improvementin IUU fishing. If the results are positive, Vietnam will receive anothersix-month “yellow card” after granting the country a “green card”. Otherwise, a“red card” may be applied, which means Vietnamese seafood is banned in the EUmarket.-VNA
The Vietnam Association of Seafood Exporters and Producers (VASEP) and the Vietnam Coast Guard High Command will join hands to fight illegal, unreported and unregulated (IUU) fishing, per a Memorandum of Understanding inked between the two sides on October 24.
The Directorate of Fisheries held a press conference in Hanoi on October 25 regarding the European Union (EU)’s issuance of yellow card warning to Vietnam over its fisheries exploitation.
After Vietnam received a “yellow card” from the European Commission because of its failure to meet standards against illegal, unreported and unregulated (IUU) fishing, stakeholders are preparing a national action plan to prevent, minimise and eliminate IUU fishing by 2025.
Corporate social responsibility to ensure the sustainable growth of the Vietnamese fishery sector was discussed at a seminar held in the Mekong Delta city of Can Tho on October 26.
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.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Illustrative photo (Source: VNA) 
