Prime Minister: General review of export enterprises to remove seafood yellow card in Vietnam

Published 2023년 11월 5일

Tridge summary

Vietnam's Prime Minister has urged efforts to combat illegal seafood exploitation and remove the yellow card warning from the European Commission. The yellow card, received in 2017, has significantly affected Vietnam's seafood export industry. Failure to address the issues may result in a loss of exports to the EU worth up to $518 million, along with a potential decrease in the seafood industry by at least 30%. The Prime Minister has assigned multiple ministries and localities to ensure certification and traceability of seafood origin, as well as strict handling of violations.

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Original content

Prime Minister Pham Minh Chinh has just sent a telegram to focus on finding ways to combat illegal, unreported, unregulated (IUU) seafood exploitation and remove the yellow card warning from the European Commission (EC). Since being slapped with the yellow card in 2017, seafood - one of Vietnam's important export industries - has been significantly affected. According to the Association of Seafood Exporters and Producers (VASEP), in 2022, after 5 years, the proportion of goods going to this market will decrease to 9.4%. The EU also dropped from second to fourth position in Vietnam's seafood import markets. If the yellow card turns red, the loss of exports to the EU alone could be up to 518 million USD. The seafood exploitation and processing industry is also likely to reduce by at least 30% compared to current capacity. Therefore, for many years now, Vietnam has made great efforts to remove the IUU yellow card. However, according to the Official Palace, up to now, the fight ...

Source: VNExpress