Auspicious start for Vietnamese seafood exports to EU

Vietnam has enjoyed robust signs in seafood shipments to the EU market in January after a tough time caused by the “yellow card” issued by the EC over the problem of IUU fishing.
Auspicious start for Vietnamese seafood exports to EU ảnh 1Seafood processed for exports. Vietnam has enjoyed robust signs in seafood shipments to the EU market in January. (Photo: VNA)

HCM City (VNA)
– Vietnam has enjoyed robust signs in seafoodshipments to the EU market in January after a tough time caused by the “yellowcard” issued by the European Commission over the problem of illegal,unreported and unregulated (IUU) fishing.

Tuna shipments experienced a remarkable recovery as export revenue surged 21percent year-on-year to nearly 41 million USD in January, following an 18percent drop in December 2017.

The export ofcuttlefish and octopus to the EU recovered from a 3.6 percent decrease inQuarter 4 of 2017, picking up 5 percent on a yearly basis.

Meanwhile, theindustry pocketed 106 million USD from fish exports and over 8 million USD fromcrab and other crustaceans, up 24 percent and 7 percent, respectively.

However, seafoodexports are forecast to face formidable challenges when the EU is intensifyingthe examination of the catch certificate of Vietnamese seafood.

Currently, the Vietnamese authorities are striving to regain “green card” forthe seafood sector.

Vietnam was served with a yellow card warning by the EU in September and it hasbeen offered the opportunity to take measures to rectify the situation withinsix months.

To this end, the EChas proposed an action plan for the country. The "yellow card" isfollowed by a "green card" if issues are resolved or a "redcard" if they aren’t. A “red card” can lead to a trade ban on fisheryproducts.

TheMinistry of Agriculture and Rural Development is implementing urgent solutionsin response to the EU’s warning on IUU fishing with the focus on drafting adecree guiding the enforcement of the 2017 Law on Fisheries and submitting anew document replacing existing regulations on administrative fines in fishingactivities.

Seafood businesses have committed to fighting against IUU fishing to protectVietnamese seafood’s prestige and bolster sustainable seafood development inthe country.-VNA  
VNA

See more

At the second economic consultation meeting held in Warsaw (Photo: Ministry of Industry and Trade)

Vietnam, Poland discuss major measures to beef up economic ties

Vietnam and Poland discussed and agreed on major measures to beef up trade and economic partnership at the second economic consultation meeting held in Warsaw as part of Prime Minister Pham Minh Chinh’s ongoing official visit to the European country.

Executive President of the China - ASEAN Business Council (CABC) Xu Ningning. (Photo: VNA)

Broader space for Vietnam - China cooperation: Chinese expert

By working together on new challenges and business opportunities, the prospects for cooperation between China and Vietnam will be even broader, and there will certainly be more space for development, said Executive President of the China - ASEAN Business Council (CABC) Xu Ningning.

Illustrative image (Photo: VNA)

Vietnam, Algeria forge stronger economic bonds

The Vietnam Trade Office in Algeria held a meeting with representatives from several Algerian trade promotion organisations and businesses on January 15 to look back on bilateral trade and chart a course for future collaborations.

Swiss-Viet Economic Forum members (Photo: VNA)

Swiss-Viet Economic Forum helps boost bilateral collaboration

The Swiss-Viet Economic Forum (SVEF) set goals for 2025, focusing on continuing to serve as a bridge to strengthen economic and cultural relations between the two countries at an event on January 15 to celebrate the first anniversary of its establishment.

Workers at a Taiwanese company in An Duong industrial part, Hai Phong city. (Photo: VNA)

Hai Phong, Quang Ninh attract 7.82 billion USD in FDI in 2024

With 7.82 billion USD in foreign direct investment lured in 2024, the port city of Hai Phong and the northeastern province of Quang Ninh continued affirming their strong attraction as the two pillars of the northern economic triangle, that includes Hanoi.