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In recent years, Vietnam's seafood fishing has continuously declined due to various challenges, leading to a reduction in the production of fishing nets and gear supply for the fishing industry. Let's explore the difficulties currently faced by Vietnam's fishing industry and the solutions to overcome these challenges for companies producing fishing twine:
Details
In recent years, Vietnam's fisheries have faced a decline due to a combination of objective and subjective reasons:
October 23, 2017: EU issued a "yellow card" warning to Vietnam related to IUU fishing: Vietnam's receipt of the European Union's "yellow card" significantly impacted the country's seafood exports. The removal of this warning was scheduled by September 2021 to address the challenges, but as of the current date in September 2023, Vietnam has not been able to resolve the issue because there are still many fishing vessels violating foreign waters.
Large-scale conversion of seafood exploitation vessels: To safeguard seafood resources, the environment, and the ecosystem, the urgent need for a large-scale shift in seafood exploitation has been emphasized. Recently, this plan has been put into action following a decision by the Prime Minister. Further details on the shift can be found in the article "Large-scale Conversion of Seafood Exploitation Vessels."
Increasing scarcity of maritime labor: Despite being a high-value production and export industry, the seafood sector continually faces a shortage of labor, especially skilled labor. The scarcity is particularly pronounced in the challenging field of seafood exploitation. This presents a formidable challenge for the industry as the training input consistently falls short of demand, leaving the maritime labor force in a perpetual state of shortage and weakness.
Rise in aquaculture and reduction in fishing: Continuous and prolonged fishing has led to an inability of marine resources to replenish at a pace that matches the demand for fishing, resulting in a severe decline in aquatic resources. The government has implemented various policies to support and encourage aquaculture while reducing the number of fishing vessels.
The decline in seafood fishing in Vietnam, as highlighted in part 1, has impacted businesses involved in the fishing logistics sector. Below are some solutions for companies in the fishing logistics sector:
Exporting fishing twine: This is a suitable option for businesses seeking additional customers and new markets. However, exporting fishing twine is not an easy task, and companies need to research and thoroughly check to ensure effective business operations.
Diversification of sectors: Apart from fisheries that extensively use fishing twine, other sectors with high demand for twine include agriculture, aquaculture, construction, multipurpose applications, household use, etc.
Recycling old twine for new: Essentially, this involves purchasing old, damaged, or unusable twine, selling new twine at a lower price, and then recycling the old twine. This process requires investment in recycling machinery. Companies need substantial capital for this, but, in turn, it demonstrates responsibility to the community, aligns with sustainable values, and contributes to reducing waste generated by discarded twine.
Companies with needs for fishing twine in areas such as fisheries, agriculture, aquaculture, etc., are encouraged to contact Siam Brothers Vietnam for free consultations.
