EC’s yellow card

The fishery sector needs to take actions to convince the European Commission (EC) to remove a “yellow card” warning on Vietnamese seafood so as to realise the set target of 9 billion USD in export turnover this year.

Last year, Vietnam earned 8.3 billion USD from seafood exports. But late last October, the European Commission (EC) imposed a yellow card warning on Vietnam’s seafood for failing to make progress in fighting illegal, unreported and unregulated (IUU) fishing.

Although the European Commission (EC)’s issuance of a yellow card warning has caused certain difficulties for fisheries businesses and fishermen of Vietnam, many experts said this is a chance for the country to restructure its fisheries sector.