Ministry takes action in response to EU’s warning of IUU fishing

The Ministry of Agriculture and Rural Development has approved a plan to implement urgent solutions in response to the European Union’s (EU’s) warning about illegal, unreported and unregulated (IUU) fishing.

A processing line of frozen shrimp for exports. (Photo: VNA/VNS)

A processing line of frozen shrimp for exports. (Photo: VNA/VNS)

Many solutions have been devised according to the EU’s recommendations. They include aligning the legal framework with regional and international regulations, implementing effectively the amended legal regulations for IUU fishing, and implementing effectively the international regulations and management measures through strict punishment.
In addition to this, Vietnam will address the shortcomings in the monitoring system to serve the certification of the origin of aquatic products, improve the fishing boat management system, enhance cooperation with regional countries, and comply with regulations on fisheries data collection and report.
Vietnam was served with a yellow card warning by the EU in September for failing to combat IUU fishing, and it has been offered the opportunity to take measures to rectify the situation within six months.
To this end, the EC has proposed an action plan for the country. The yellow card is followed by a green card if issues are resolved or a red card if they are not. A red card can lead to a trade ban on fishery products.
The Ministry of Agriculture and Rural Development plans to organise a national conference with 28 coastal cities and provinces to discuss the IUU issue and provide them with technical guidance to ensure their compliance with IUU fishing regulations.
Vietnam has favourable geographical conditions to develop its seafood industry, thanks to its long coastline of over 3,260km and more than 3,000 islands and islets.
Fisheries is a key sector, whose output has been consistently rising in the recent years.
The country hopes to become a leading seafood exporter by 2020.
Last year, Vietnam earned US$1.2 billion by exporting aquatic products to the EU, $357.8 million of which was from seafood shipments. The figure hit nearly $1.05 billion in the first nine months this year.

Other news

Most view

Cao Lanh mango (Source: Internet)

Dong Thap strives to turn mango into key export product

The Mekong Delta province of Dong Thap, the largest mango producer in the region with 9,200 hectares of mangos and a annual output of nearly 100,000 tonnes, is working to turn mango into a sustainable hard currency earner by 2020.


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.