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

Enterprises want clearer regulations on seafood production

Enterprises want clearer regulations on seafood production

There is a lack of consistency among existing legal documents on seafood production, making it difficult for enterprises to comply.
Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain

Linking businesses with cooperatives to increase the value chain

VCN - The issue of linking the value chain between domestic production units still has many "bottlenecks" that need to be resolved. In particular, solving the "problem" of linking businesses with cooperatives will help improve efficiency as well as meet the requirements of collective economic development.

More News

Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.
Tra fish export to UAE jumps 67% in Q1

Tra fish export to UAE jumps 67% in Q1

Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Pepper prices continue increase trend

Pepper prices continue increase trend

Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
More efforts needed to maintain export growth to China: Insiders

More efforts needed to maintain export growth to China: Insiders

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
It is expected that there are higher orders and revenue in the second quarter from European businesses

It is expected that there are higher orders and revenue in the second quarter from European businesses

VCN - The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European business community.
Vietnamese rice prices on the hike

Vietnamese rice prices on the hike

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).
FDI flow into garment and textile sector bounces back

FDI flow into garment and textile sector bounces back

The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial park successfully or not mainly depends on businesses, entrepreneurs - industrial park investors.
Find ways to a corporation for businesses in industrial parks

Find ways to a corporation for businesses in industrial parks

VCN - The country has nearly 300 industrial parks in operation, but with the requirement to join the global value chain, the issue of linkage and connection between businesses in industrial parks and industrial clusters needs to be concentrated on more.
Read More

Your care

Latest Most read
Enterprises want clearer regulations on seafood production

Enterprises want clearer regulations on seafood production

There is a lack of consistency among existing legal documents on seafood production, making it difficult for enterprises to comply.
Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain

Linking businesses with cooperatives to increase the value chain

VCN - According to experts, in value chain links, agricultural cooperatives both play a role in promoting links between farmer households through collective economic activities to organize production and promote vertical linkages with businesses along the
Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN - According to the latest statistics of the General Department of Customs, the import-export turnover between Vietnam and China in March reached US$ 16.32 billion, including Vietnam's exports achieved US$5.15 billion, imports reached US$11.17 billion.
Mobile Version