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Final Exam AEG114 Government Intervention In Fishing Export UoG University Final Exam AEG114 Pass Government Intervention In Fishing Export UoG University 7 Page 7 Page 7 Page 7 Page Final Exam AEG114 Pass Government Intervention In Fishing Export UoG University 7 PageFinal Exam AEG114 Pass Government Intervention In Fishing Export UoG University 7 PageFinal Exam AEG114 Pass Government Intervention In Fishing Export UoG University 7 Page
GOVERNMENT INTERVENTION IN FISHING EXPORT GOVERNMENT INTERVENTION IN FISHING EXPORT University Of Greenwich ( Vietnam) GOVERNMENT INTERVENTION IN FISHING EXPORT Table of Contents Abstract: The seafood export business has grown to be a significant economic sector, benefiting the lives of people not only in coastal rural regions but also in coastal areas while also helping to restructure agriculture and rural areas, eradicate hunger, and reduce poverty This study aims at the current situation that seafood exporters are facing when there are still many shortcomings in the quality inspection process before exporting and learn about the intervention of government Facing the difficulties and challenges of the Covid-19 epidemic, the tension between Russia and Ukraine along with the energy crisis and food crisis in the world, Vietnam needs to take advantage of more opportunities to promote seafood export activities, showing an important role and irreplaceable position in the international arena In the end, the Vietnamese government has set a goal to boost seafood exports by 2030 and capture a share of the EU market Keywords: Fishing Exports, Challenge, Promoting, Market Share I INTRODUTION: Vietnam is a country with a coastal location and an exclusive economic zone of over million km2, with a coastline of more than 3,260 km and about 4,000 islands and archipelagos Since then, the development of Vietnam's trade or export industry has always been placed as one of the unique features of Vietnam's economic sector Besides, the seafood export industry with fish products is always an export industry that is considered a tradition sector in Vietnam Not only bringing economic value but also creating millions of jobs for millions of people in the whole country This article discusses challenges and opportunities and makes some recommendations to boost Vietnam's seafood exports in the coming time According to Bang Tam (2022), By the middle of the second quarter of 2022, Vietnam's seafood exports reached more than 3.6 billion dollars, up 47.3% over the same period in 2021 This is a positive sign that Vietnam's seafood industry is gradually recovering and grow up the terminal output According to VASEP, there are challenges for seafood exports in the last quarters of the year That is the scarcity of raw materials to ensure export production, increasing freight rates along with increased input costs In this study, the impact of the seafood export industry on the economy and how government intervention has brought development to the export industry will be presented The VASEP policy has brought strong success to the face of Vietnam's seafood export industry II RATIONALE: The fishing industry consistently views export as the driving force behind the trend of opening up and integrating the country and gives this sector priority when prioritizing investment A crucial foundation for the growth of the fisheries economy has been laid by the seafood industry's focus on increasing GOVERNMENT INTERVENTION IN FISHING EXPORT investment in the right places This has led to a significant shift in production and business, the creation of numerous jobs and higher wages for fishery workers nationwide, and the creation of a significant source of income for the state budget The fields of fishing and aquaculture are all oriented to be developed for export Export activity has become a major driver to promote fishing and aquaculture In recent years, the fisheries sector has actively promoted the application of advanced science and technology to production, linking raw material production with processing, and promoting trade in order to expand export markets to many countries more III IN-DEEP ANALYS: a Tremendous growth: Over time, Vietnam's seafood sector has taken advantage of favourable conditions to increase production and export, accomplishing numerous amazing accomplishments including significantly contributing to the country's GDP and providing jobs for products and services Numerous communities around the nation are seeing a change in growth thanks to hundreds of thousands of local employees, The fisheries industry has advanced significantly between 2011 and 2020.(Figure 1) Figure Vietnam's seafood exports from 1997 to 2020 According to Nguyen Anh (2021), The industry's efforts are also in efforts to build a key national brand such as pangasius, At the same time, always apply new-generation free trade agreements such as CPTPP, EVTFA, RCEP combined with promoting trade promotion activities, creating leverage to bring Vietnam's seafood exports to the international market b Situation: According to Duc Minh (2021), Vietnam has been warned by the European Commission (EC) for not complying with the Regulations against Legal, Unreported and Unregulated Fishing (IUU) since October 2017 Vietnam's "gold card" has been withdrawn, which means that seafood exported to the EU will be 100% inspected instead of export verification In addition, the seafood export market is said by many pangasius exporters to China, this market still pursues the "Zero COVID" policy, providing very good imported seafood GOVERNMENT INTERVENTION IN FISHING EXPORT inspection services, but therefore, the number of returned goods is also very high, some enterprises in the industry have stopped exporting to this market In addition, also due to the heavy effects of the Covid-19 epidemic, many businesses said that although their orders are many, their replacement human resources are not enough to be able to complete those contracts The main challenge facing export businesses today is the high cost of delivery of raw materials, which causes a dramatic decline in corporate profit and weak and uncompetitive export items The state management agencies must thus have strategies to lower transportation costs and to rent out warehouses and yards as a result of the current pressing situation Although, Vietnam has expanded its seafood exports to more than 160 markets of other countries, in which the leading countries are: the US, EU, Japan, China, Korea, ASEAN, etc Australia, the UK, Canada, Russia, account for about 92-93% of the total seafood export value of Vietnam But our market share growth in the EU market has been slowed down for the sake of IUU's (Figure 2) Figure Vietnam's main seafood export market in 2020 c Government Intervention: What is VASEP? Vietnam Association of Seafood Exporters and Producers (VASEP) is a voluntary organization of seafood processing and exporting enterprises in Vietnam, aiming to coordinate and link the activities of enterprises, help each other to improve the value, quality, and competitiveness of Vietnamese seafood products, develop and create a source of raw materials for seafood processing and export, and represent and protect the legitimate and legitimate interests of seafood As far as I know, the provisions in Article of Decree 67/2014/ND-CP on investment policies for the fisheries sector For the essential infrastructure items of the fishing port, the anchorage area to avoid storms (including wharves; embankments, breakwaters, sand barriers; dredging channels in and out of the port, water areas for mooring ships); mooring works; systems of buoys, signals, signal lights; specialized communication systems) Set a common goal for the whole industry by 2030, develop fisheries into an important national economic sector, produce large commodities associated with industrialization modernization, sustainable development, and proactive adaptation with climate change; have a reasonable structure and organizational form of production, high productivity, quality and efficiency; has a prestigious brand name, competitiveness and international GOVERNMENT INTERVENTION IN FISHING EXPORT IV V integration; people's material and spiritual life is constantly improving, ensuring social security; contribute to ensuring national defense and security, maintaining the independence and sovereignty of the sea and islands of the Fatherland EVALUATED: Basically, the policies introduced by the government have changed the old face of a major economic sector of Vietnam The seafood export industry is being innovated towards industrialization and modernization and continues to develop comprehensively towards sustainability, becoming a large commodity production industry, with a structure and forms of production organization reasonable, bring high productivity, and quality products But the government is still neglecting in the race to remove the "yellow card" of IUU, many fishermen are still making mistakes in the process of fishing, but the law is still too loose The State also has to offer tax reduction policies for businesses on logistics technologies or related to export taxes CONLUSION: One of the goals of the renovation phase of Vietnam's seafood export industry is to promote the existing strengths of the industry more, through which not only pangasius exports are the mainstay, but there will also be adding other species Along with that, businesses and the government will continue to develop our country's market share in the EU Thereby with the new position and force, the export industry will certainly bring valuable benefits not only to the economy but also to many other aspects Reference: Anh, N.N et al (2022) Chính Sách đầu tư Của Nhà Nước hoạt động Thủy Sản, Luật Dương Gia Available at: https://luatduonggia.vn/chinh-sach-dau-tu-cua-nha-nuoc-doi-voinganh-thuy-san/ (Accessed: October 21, 2022) Băng Tâm (2022) Xuất Khẩu Thủy Sản, baochinhphu.vn baochinhphu.vn Available at: https://baochinhphu.vn/xuat-khau-thuy-san-but-pha-nhieu-mat-hang-tang-truong-ky-luc102220528230153312.htm (Accessed: October 21, 2022) Tcct, T.S.N.B.N (2022) Đẩy Mạnh Hoạt động Xuất Khẩu Thủy Sản Việt Nam Bối Cảnh Hiện Nay, Tạp chí Cơng Thương Available at: https://tapchicongthuong.vn/bai-viet/daymanh-hoat-dong-xuat-khau-thuy-san-viet-nam-trong-boi-canh-hien-nay-97816.htm (Accessed: October 21, 2022) Anh, N (no date) Chiến Lược phát triển Thủy Sản: Thế Và Lực Available at: https://thuysanvietnam.com.vn/chien-luoc-phat-trien-thuy-san-the-va-luc-moi/ (Accessed: October 21, 2022) Giới Thiệu (no date) Giới thiệu VASEP Available at: https://vasep.com.vn/gioi-thieu/gioi-thieuvasep (Accessed: October 21, 2022) GOVERNMENT INTERVENTION IN FISHING EXPORT An Hoa (2022) Xuất Khẩu Thủy Sản đối mặt nhiều Khó Khăn, Nhà đầu tư – Thơng tin để thịnh vượng Available at: https://nhadautu.vn/xuat-khau-thuy-san-doi-mat-nhieu-kho-khand67186.html (Accessed: October 21, 2022) Figures Figure 1:https://tapchicongthuong.vn/bai-viet/day-manh-hoat-dong-xuat-khau-thuy-san-vietnam-trong-boi-canh-hien-nay-97816.htm Figure 2: https://vasep.com.vn/gioi-thieu/tong-quan-nganh ... industry has advanced significantly between 2 011 and 2020.(Figure 1) Figure Vietnam''s seafood exports from 19 97 to 2020 According to Nguyen Anh (20 21) , The industry''s efforts are also in efforts... 21, 2022) Băng Tâm (2022) Xuất Khẩu Thủy Sản, baochinhphu.vn baochinhphu.vn Available at: https://baochinhphu.vn/xuat-khau-thuy-san-but-pha-nhieu-mat-hang-tang-truong-ky-luc10222052823 015 3 312 .htm... https://nhadautu.vn/xuat-khau-thuy-san-doi-mat-nhieu-kho-khand6 718 6.html (Accessed: October 21, 2022) Figures Figure 1: https://tapchicongthuong.vn/bai-viet/day-manh-hoat-dong-xuat-khau-thuy-san-vietnam-trong-boi-canh-hien-nay-97 816 .htm Figure