The growth of seafood exports depends on removing the "yellow card"

VCN – If Vietnam removes the IUU "yellow card", seafood exporters will take advantage of the tariff incentives and institutional changes from the EVFTA, the opportunity to recover, meaning the aim to increase seafood exports to the EU market to US$1.2 - 1.4 billion in the coming years is completely feasible.
The growth of seafood exports depends on removing the The growth of seafood exports depends on removing the "yellow card"
Commodity export marked in 2011-2020: From trade deficit to trade surplus Commodity export marked in 2011-2020: From trade deficit to trade surplus
Green growth strategy promotes post-COVID-19 economic recovery Green growth strategy promotes post-COVID-19 economic recovery
The growth of seafood exports depends on removing the
Tuna exports to the EU were deeply affected. Photo: T.H

Imported seafood materials increased

On October 23, 2021 - four years after Vietnam's seafood was given the "yellow card" by the European Commission (EC) IUU- Vietnam Association of Seafood Exporters and Producers (VASEP) held a conference evaluating the implementation of yellow card removal measures by seafood enterprises.

At the conference, talking about seafood exports in the past five years from 2016 to 2021, Ms. Le Hang, Deputy Director of VASEP.PRO Center, said that the growth rate of seafood in 2017 increased by nearly 18%, but seafood export growth gradually decreased in the following years.

For seafood, in 2018 and previously, the negative growth was increasing day by day. From two markets in 2017 to four markets in 2018, so far, only the US market has grown positively. Tuna accounted for 23% of total seafood exports in 2017, so far this proportion is only 18%.

Notably, the source of raw materials for seafood imports increased year by year, from US$731 million in 2016, to US$1.4 billion in 2020 and US$1.2 billion in the first nine months of 2021. Of which, the import and export processing products with the highest increase are tuna and octopus.

According to experts, seafood exports are positive, but the source of imports is also very large. Thereby, the source of raw materials for processing and exporting seafood and seafood of Vietnamese enterprises are difficult.

Seafood exports to the EU from 2017-2021 will grow gradually, especially seafood. Therefore, in order to increase exports, enterprises must be proactive in the source of processing materials. For example, clam products are not imported, not included in the IUU, businesses have been proactive in domestic raw materials, so they still maintain a high export growth rate, with nearly 60% in the first nine months of 2021.

According to VASEP's forecast, in October 2021, seafood exports will continue to decrease compared to the same period in 2020, with a decrease of 20-25%. Seafood exports for the whole year will strive to reach the 2020 level of US$8.4 billion.

Businesses and regulatory agencies have all said that if Vietnam soon removes the IUU yellow card, seafood exporters will take advantage of tariff incentives and institutional changes from the EVFTA, giving them a chance to recover and aiming to increase seafood exports to the EU market to US$1.2 - 1.4 billion.

Strictly handle violating fishing vessels

Assessing the results after four years of overcoming the IUU yellow card, Mr. Nguyen Hoai Nam, Deputy Secretary General of VASEP, said that nearly 100 seafood processing factories have participated in the commitment to use processing materials that are legally exploited, especially the group of enterprises processing and exporting tuna; install cruise monitoring equipment on fishing vessels with a length of 15 meters or more with signals on the cruise monitoring system for over 27,000 ships.

With the results of the Government, ministries and branches, the efforts of seafood businesses, the Management Board of fishing ports, fishermen after nearly four years of implementation, the EC has recognized Vietnam's commitment, political determination and efforts in implementing solutions to combat IUU fishing. The EC also affirmed that Vietnam has made progress and is on the right track; recognized and highly appreciated Vietnam's goodwill, cooperative spirit, transparency and honesty in providing and exchanging information between the two sides on the results of the implementation of combating IUU fishing.

Ms. Phan Thi Hue, Director of the Legal Inspection Department, General Department of Fisheries, said that since giving the "yellow card", the EC has organized two visits to Vietnam in May 2018 and November 2019, with two online exchanges in 2020.

Through the above checks and exchanges, the EC highly appreciates Vietnam's goodwill and cooperation, providing transparent and honest information; the legal framework is completed in a timely manner. The results of the implementation of regulations on anti-IUU fishing have changed more than before, such as the results of installing cruise monitoring equipment on fishing vessels.

The EC's latest assessment said that Vietnam has completed a good legal framework, but law enforcement is a weakness. Because fishing vessels violating IUU fishing regulations are still abundant. In 2020, the management agencies have sanctioned 2,700 cases. From the beginning of 2021, there have been 1,500 violating fishing boats handled.

Colonel Nguyen Dinh Phuc, a representative of the Coast Guard Command, said that some fishermen have very limited knowledge of the law. There are even cases where fishermen intend to illegally exploit seafood in foreign waters, when warned and prevented by the Coast Guard, they turn to attack the Coast Guard. "In this case, we will consolidate the file, consider prosecuting to deal with it strictly," said Colonel Nguyen Dinh Phuc.

Ms. Phan Thi Hue said that in the future, it is necessary to overcome limitations in the chain of implementation of seafood production and processing from state management agencies, to businesses and people. Of which, business is the most important link. On October 27, the EC will continue to check the remedy of Vietnam's yellow card online.

Currently, relevant units are continuing to overcome the restrictions recommended by the EC, striving to remove the yellow card in 2022 in accordance with the direction of the Prime Minister.

By Le Thu/Phuong Thao

Related News

Latest News

VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - As one of Vietnam's strong export industries to the UK, especially when the Vietnam - United Kingdom of Great Britain and Northern Ireland Free Trade Agreement (UKVFTA) comes into effect, with a detailed information approach strategy, it has created a great driving force to promote the export of Vietnamese seafood products to this market.
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

VCN - By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN – In recent years, with the rapid development of cross-border e-commerce (CBEC) platforms, domestic enterprises in Vietnam have been facing numerous difficulties and challenges.

More News

Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.
Shrimp exports surge in 10 months, generating 3.2 billion USD

Shrimp exports surge in 10 months, generating 3.2 billion USD

Vietnam’s shrimp exports in October reached US$394 million, a strong 24% increase year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s exports to the U.S. near US$100 billion milestone

Vietnam’s exports to the U.S. near US$100 billion milestone

VCN - By the end of October, Vietnam's exports to the United States approached US$100 billion, reaffirming its position as Vietnam's largest export market.
From the “abnormal” coffee price, worries about the new crop

From the “abnormal” coffee price, worries about the new crop

VCN - The Vietnamese coffee industry enters the new crop with the question of what is a reasonable price to ensure benefits for coffee growers while still retaining international consumers.
What obstacles limit the market share of Vietnamese goods in the UK?

What obstacles limit the market share of Vietnamese goods in the UK?

VCN - Vietnamese goods account for only about 1% of total imports into the UK market. One of the reasons is that they have not yet built their own brands and have not focused on effective strategies and approaches to market information.
Why seafood exports to some Middle Eastern Countries are stalled

Why seafood exports to some Middle Eastern Countries are stalled

VCN - Several shipments of seafood exported to certain Middle Eastern countries have been delayed due to legal challenges related to consular legalization procedures. This has created significant bottlenecks in accessing these markets.
Storm No. 3 destroys profits of many insurance companies

Storm No. 3 destroys profits of many insurance companies

VCN - Due to the impact of storm No. 3, the business results of the third quarter and the first 9 months of 2024 of the insurance sector have been significantly affected. This requires more efforts from businesses for the results of the whole year 2024.
Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Cooperation in the Halal industry can help Vietnamese products reach nearly 2 billion Muslim consumers worldwide, representing over 24% of the global population, according to Malaysia’s Minister of Investment, Trade, and Industry Zafrul Abdul Aziz.
Tra fish sector aiming for production, processing greening for sustainable development

Tra fish sector aiming for production, processing greening for sustainable development

Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.
Read More

Your care

Latest Most read
VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - Mr. Nguyen Hoai Nam, Deputy General Secretary, Vietnam Association of Seafood Exporters and Producers (VASEP), said that the advantage that UKVFTA brings is that the main products of the seafood industry enjoy 0% import tax to the UK, especially key
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN - E-commerce platforms have emerged as crucial distribution channels, enabling goods to reach consumers quickly and conveniently.
Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.
Mobile Version