Vietnam must put an end to illegal, unreported and unregulated (IUU) fishing in a bid to have the European Commission (EC)’s “yellow card” removed by the end of 2021, Prime Minister Pham Minh Chinh said at a virtual meeting on the issue on September 7.

VOV.VN - Prime Minister Pham Minh Chinh has approved a scheme which aims to develop the Vietnamese seafood processing industry and turn Vietnam into a global seafood processing hub by the year 2030.

A consultation session about agricultural and seafood exports to Algeria and Senegal was held on August 11, with the participation of over 100 Vietnamese firms.

VOV.VN - Vietnam is willing to share with Tanzania its socio-economic development experiences and lessons, especially in attracting foreign investment and developing its key garment, footwear, and seafood industries.

Many businesses from Guangzhou city of China have shown their interest in importing Vietnamese aquatic products, according to Le Hoang Tai, Vice Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.

The Vietnam Association of Seafood Exporters and Producers (VASEP) and the World Bank (WB) in Vietnam on August 10 released “A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing: The Case of Vietnam”.

VOV.VN - With a large network of Asian food distributors, Germany represents a potential market for Vietnamese products to penetrate and gain a firm foothold there in the long run, according to Bui Vuong Anh, Vietnamese Trade Counsellor to Germany.

The Vietnam Association of Seafood Producers and Exporters forecasts that seafood exports would increase by an average of 7% yearly between 2021 and 2025, reaching US$12 billion in 2025.

VOV.VN - Vietnamese shrimp exports are anticipated to increase by 12% to reach US$4.2 billion this year compared to last year’s figures, accounting for more than 40% of the domestic seafood industry’s export value, according to industry insiders.

The Vietnamese market with a population of nearly 100 million is attracting both foreign and local food suppliers, with many local exporters turning to the domestic market to overcome this difficult COVID-19 period.