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(VOVWORLD) - To combat illegal, unreported, and unregulated (IUU) fishing, Vietnam is using the electronic catch documentation and traceability system (eCDT). This application monitors and ensures transparency and legality in line with regulations on certifying the origin of domestic fishing to satisfy the requirements of the European Commission.
Vietnam is expected to earn $9.2 billion from seafood shipments this year
Vietnam’s aquatic product exports are likely to suffer a drop in 2023 although market prospects are better than last year's end, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.
After more than five years since the European Commission (EC) issued a "yellow card" warning to Vietnam's illegal, unreported, and unregulated (IUU) fishing on October 23, 2017, and following three inspections, the EC has confirmed that Vietnam has been moving in the right direction and made improvements in the process of removing the IUU fishing yellow card.
Vietnamese shrimp production costs are too high, making them less competitive in the global market, the chairman of leading seafood export company Minh Phu Seafood Corp. has said. - VnExpress International