Draft of Amended Fisheries Law: Enterprises confuse about business conditions
![]() |
Enterprises said that business conditions in the draft of Fisheries Law should be stated more clearly. Photo: Nguyen Thanh. |
Carefully review the Fisheries and Resources Protection Fund
One of the contents of the draft of Fisheries Law has received much attention from enterprises to set up a fund for protection and development of fisheries resources.
Ms. Tran Hoang Yen, the representative of the Vietnam Association of Seafood Exporters and Producers (VASEP), said that the establishment of the fund is necessary, but it should be added more. Currently, the United States, Japan, and the EU are the three big markets, accounting for 60% of Vietnam's seafood export market share. In particular, the US and the EU have implemented anti-illegal, undeclared and unregulated (IUU) fishing. However, the draft of Fisheries Law did mention to this content.
"At the moment, when exporting seafood to the EU, Vietnam is standing at the level that can receive the yellow card (warning) under the IUU regulations. If receiving the yellow card, 100% export seafood shipments will be controlled. Not only that, the goods are kept at the port for 2-3 weeks, causing small losses for our enterprises.
Thailand seriously pays attention to meet IUU requirements. For example, Thailand has spent billions of dollars with a team of up to 1,000 people just to control IUU. In Vietnam, in order to avoid getting yellow cards from the countries that apply IUU regulations, it takes a lot of effort and a lot of money. However, the draft of Fisheries Law does not mention which fund will take responsibility for the issue. The Fisheries Resources Protection Fund may be accompanied by the anti-illegal content or a separate fund for IUU issues. That is necessary”, Ms. Yen stressed.
Regarding the issue of the Fisheries Resources Protection Fund, Mr. Dang Quang Vinh of the Business Environment and Competitiveness Department, Central Institute for Economic Management (CIEM): the Association should let the enterprises and association operate themselves. Because enterprises will understand what they need to add, how to make it fit. Only when there are meaningful activities, the state pays additional money with the enterprises and associations, rather than setting up funds managed and operated by state agencies that will be administratively heavy.
Some other companies have suggested that if the fund for protection and development of aquatic resources managed by state agencies, it is difficult to monitor spending activities. Therefore, the enterprises proposed that it should have mechanisms to allow associations and fishermen to co-ownership. In addition, the fund may not need to be permanently fixed, it is only to set up a temporary fund as there is a problem.
Clarify business investment conditions
Besides the issue of the establishment of the Fisheries Protection and Development Fund, the business investment conditions stated in the Draft of Fisheries Law are assessed that there many problems.
Mr. Nguyen Minh Duc of the Legal Department of Vietnam Chamber of Commerce and Industry (VCCI) said that many business conditions are unclear and abused. Typically, businesses must have appropriate facilities production lines, appropriate fishing lines... It is difficult to determine how is suitable and enough condition.
For the content of trading, imports of seafood products for environmental treatment, the conditions set out are also quite specific. For example, if a company sells, it must have a separate storehouse with pesticides, fertilizers, toxic chemicals; have equipment and tools for storage according to the manufacturer's instructions; there are solutions to pest animals... “This is the conditions of preservation, not conditions of purchase and sale of import goods. Whether, for each import of other manufacturers, enterprises must apply for another certificate? In this regard, it is possible to change to preservation guidelines instead of conditions”, Mr. Duc said.
About this issue, the representative of the Vietnam Fisheries Association added: The business investment conditions in the draft should be more clearly stated. Aquaculture is very important. Revenues from aquaculture are much higher than fisheries. If the regulation is unclear, bad many companies can also invest in the business, put their low-quality products into the market, cause serious consequences, eventually causing a bad impact on export goods when they are not able to overcome the technical barriers that the importing countries set out.
Answering the questions about the Draft of Fisheries Law, Ms. Phan Thi Hue, Director of Legal Department, Inspectorate (General Department of Fisheries, Ministry of Agriculture and Rural Development), said that, about the content of production and business conditions, the Fisheries Law cannot cite specifically. The law only sets out the basic conditions that must be met, and the detail can only be in government documents.
About the proposal of VASEP relating to the establishment of IUU Fund or to join with Fisheries Protection and Development Fund, according to Ms. Hue, the Drafting Board noted for further study. However, the possibility of adding more funds is difficult because the protection process to keep the Fisheries Protection and Development Fund in the draft of Fisheries Law is not simple.
Related News

Researching and proposing amendments to 2014 Customs Law to meet the requirements of innovation
11:18 | 20/01/2025 Customs

Flexible and proactive when exchange rates still fluctuate in 2025
11:03 | 30/12/2024 Finance

Enterprises focus on Tet care for employees
18:59 | 22/12/2024 Headlines

Numerous FDI enterprises face suspension of customs procedures due to tax debt
09:57 | 18/12/2024 Anti-Smuggling
Latest News

Embracing green exports: a pathway to enter global supply chains
10:33 | 20/02/2025 Import-Export

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises
10:32 | 20/02/2025 Import-Export

Việt Nam’s durian exports to China plummet by 80%
16:18 | 19/02/2025 Import-Export

Coconut exports reach 14-year high
15:29 | 18/02/2025 Import-Export
More News

Shrimp exports grow in the first month of 2025
15:28 | 18/02/2025 Import-Export

Rice export prices drop, but decline expected to be short-term
08:10 | 17/02/2025 Import-Export

Key agro products expected to maintain export growth this year
08:08 | 17/02/2025 Import-Export

EU issues 12 warnings against Việt Nam’s food and agricultural exports
08:07 | 17/02/2025 Import-Export

Việt Nam to impose VAT on low-value express-imported goods
08:06 | 17/02/2025 Import-Export

Exchange rate risks need attention in near future
16:31 | 15/02/2025 Import-Export

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month
16:30 | 15/02/2025 Import-Export

Import and export turnover reaches about US$29 billion in the second half of January 2025
14:52 | 14/02/2025 Import-Export

Market edges up slightly as liquidity remains low
14:48 | 14/02/2025 Import-Export
Your care

Embracing green exports: a pathway to enter global supply chains
10:33 | 20/02/2025 Import-Export

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises
10:32 | 20/02/2025 Import-Export

Việt Nam’s durian exports to China plummet by 80%
16:18 | 19/02/2025 Import-Export

Coconut exports reach 14-year high
15:29 | 18/02/2025 Import-Export

Shrimp exports grow in the first month of 2025
15:28 | 18/02/2025 Import-Export