A workshop was held in the south-central province of Khanh Hoa on October 10 to promote tuna supply chain, and tuna exports to the EU under the EU-Vietnam Free Trade Agreement (EVFTA).
Khanh Hoa (VNA) – A workshop was held in thesouth-central province of Khanh Hoa on October 10 to promote tuna supply chain, and tunaexports to the EU under the EU-Vietnam Free Trade Agreement (EVFTA).
The event was co-held by the Ministry of Agriculture andRural Development (MARD) and the provincial People’s Committee.
According to the MARD, two months after the EVFTA enteredinto force, Vietnam’s fishery exports to EU markets have seen positive signs. Tunaexport value rose by 8.6 percent month-on-month to 11.4 million USD in August and13.3 percent to 11.9 million USD in September, adding hope for a rebound inVietnamese exports to the EU in the remaining months of this year.
Addressing the workshop, Deputy Minister of Agriculture andRural Development Phung Duc Tien said to sustain fishery production, localitiesmust continue instructing fishermen to comply with international commitments on fishing and stepping up the fight against IUU fishing while encouraging seafood producers to apply advanced technologyand diversify their products to match the EU markets’ taste and demand. Theymust also strictly adhere to regulations related to food safety and intellectualproperty, he said.
Tuna is among three Vietnamese seafood products favoured bythe EU markets, said Nguyen Thi Thu Sac, Vice Chairwoman of the VietnamAssociation of Seafood Exporters and Producers (VASEP). Under the EVFTA, tariffwill gradually reduce to 0 percent, providing a competitive edge for Vietnamesefishermen and businesses. However, they have to invest in improving technology, production lines and fishing practices inaccordance to current regulations in order to remove the EU Commission (EC)’s yellowcard warning and further develop the fishery sector, she noted.
Data from Khanh Hoa’s authority shows that as of the end ofSeptember, the province’s total sea catches were estimated at 69,760 tonnes,including over 20,380 tonnes of tuna. Its shipments of seafood exceeded 2,890tonnes, including more than 2,284 tonnes of tuna, a drop of about 20 percentfrom the same period last year.
The province has set up three local tuna supply chainsbetween seafood producers and fishing cooperatives, which own a total of morethan 150 fishing ships./.
Value chains, which involve fishing, processing and consumption of tuna, have helped Vietnamese tuna products gain competitive edge in more than 200 markets worldwide, according to insiders.
Expanding international cooperation will be a key to helping the Vietnamese tuna sector to create its brand in the global market, according to insiders.
Tuna-fishing boats in the central province of Khanh Hoa are busy with the ongoing season, as a vessel can earn nearly 100 million VND (4,300 USD) per trip, Dan Viet online newspaper reports.
In the difficult economic context caused by the novel coronavirus (COVID-19) pandemic, the Vietnam Association of Seafood Exporters and Producers (VASEP) suggested tuna processors and exporters tap the domestic market.
As many as 23,623 fishing boats or 77.1 percent of those at least 15 metres long nationwide had been equipped with vessel monitoring systems (VMS) as of June 22, said the Ministry of Agriculture and Rural Development (MARD).
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.