Vietnam determined to remove EC’s IUU fishing warning
Removing the European Commission (EC)’s illegal, unreported and unregulated (IUU) fishing “yellow card” is not easy and cannot be done overnight, but the Vietnamese business community and associations are still determined to do, not only to meet EU requirements, but also for the sake of sustainable fishery development.
Delegates share opinions at the workshop (Source: VNA)
HCM City (VNA) - Removing the European Commission (EC)’s illegal,unreported and unregulated (IUU) fishing “yellow card” is not easy and cannotbe done overnight, but the Vietnamese business community and associations arestill determined to do, not only to meet EU requirements, but also for the sakeof sustainable fishery development.
The message was delivered by leading officials of the VietnamAssociation of Seafood Exporters and Producers (VASEP) at a workshop evaluatingthe three-year implementation of the “Vietnam Marine Product Companies Committo Combat IUU Fishing” programme in Ho Chi Minh City on October 31.
VASEP statistics showed that the “yellow card” has madeVietnam’s seafood exports to the EU decrease continuously since 2018. The country’sexport turnover of seafood declined by 6 percent in 2018, 15 percent in 2019,and 13 percent in the first nine months of this year.
From the second biggest importer of Vietnamese seafood witha value of 380-480 million USD a year, the EU now ranks fifth, after Japan, theUS, the Republic of Korea and ASEAN.
Nguyen Thi Thu Sac, VASEP Vice President and head of itsSeafood Committee, said that the EU, however, remains important partner ofVietnam’s fishery sector. Therefore, the association and the seafood businesscommunity are exerting every effort to maintain this market.
At present, 82 percent of fishing vessels are equipped withposition monitoring devices, the trace for seafood origins has improved, andthe legal framework has gradually completed.
Many delegates attending the workshop emphasised the need toraise fishermen’s awareness of abiding by EC recommendations.
Vietnam is exerting efforts to prevent IUU fishing so as topersuade the EC to remove the “yellow card” warning, which was issued inOctober 2017 as the country had failed to demonstrate sufficient progress inthe fight against IUU fishing.
Countries that fail to meet EC standards are given a"yellow card", followed by a "green card" if the problemsare resolved, or a "red card" if they are not. A red card can lead toa trade ban on aquatic products./.
A workshop was held in the south-central province of Khanh Hoa on October 10 to promote tuna supply chain, and tuna exports to the EU under the EU-Vietnam Free Trade Agreement (EVFTA).
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.
ASEAN Today, a website based in Singapore, on October 26 ran an article entitled “Vietnam launded for efforts to combat illegal fishing”, hailing the country’s efforts in this sphere.
Vietnam aims to develop its fisheries sector into a large commodity production industry with competitive capacity and responsible and sustainable integration in line with international institutions, contributing to improving incomes for industry workers.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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.