• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Vietnam warns of $500 million seafood losses as US ban takes effect

by September 16, 2025
by September 16, 2025

Vietnam has raised alarm over a new US ruling that could strip the country’s seafood industry of $500 million in annual revenue, threatening thousands of jobs and disrupting bilateral trade.

The ban, which takes effect on 1 January, follows a decision by the US National Oceanic and Atmospheric Administration (NOAA) to block imports from 12 Vietnamese fisheries for failing to meet requirements under the Marine Mammal Protection Act.

The ruling casts uncertainty over Vietnam’s exports of tuna, swordfish, grouper, mackerel, and crab, while also complicating broader trade relations between Hanoi and Washington.

US ban on Vietnamese seafood exports from January 2025

NOAA confirmed in August that 12 fisheries in Vietnam had not complied with US marine mammal protection standards. This automatically disqualifies them from exporting to the US market starting from 1 January 2025.

The fisheries include exporters of high-demand species such as tuna and swordfish, which contribute significantly to Vietnam’s seafood trade balance.

The Vietnam Association of Seafood Exporters and Producers has said the ban could severely damage the country’s reputation in global markets. It warned that the decision risks undermining years of efforts to brand Vietnam as a sustainable fishing nation.

In a letter to members, the association noted that the move “will negatively affect the entire seafood supply chain,” from fishermen to processing plants, and impact Vietnam’s image in marine conservation.

Vietnam appeals to Washington amid trade tensions

Industry and Trade Minister Nguyen Hong Dien wrote to US Commerce Secretary Howard Lutnick, urging reconsideration of the ban.

His letter, published on the government’s official website, highlighted the livelihoods of thousands of Vietnamese fishermen and processing workers at stake.

He also stressed that the ruling would affect US importers and consumers, potentially raising seafood prices.

The appeal comes at a sensitive time in Vietnam-US trade relations. In July, President Donald Trump announced a new trade deal that imposes a 20% tariff on Vietnamese exports to the US and a 40% levy on goods deemed to be transshipped.

The tariff regime came into effect last month, forcing Vietnamese businesses to adjust while awaiting clarity on how enforcement will be carried out.

Partial clearance but compliance gaps remain

NOAA did approve 11 other Vietnamese fisheries, recognising that the country prohibits the intentional killing of marine mammals during commercial fishing. However, the agency’s comparability report found gaps in monitoring.

It stated that “not all vessel size classes are monitored and not all are required to report marine mammal bycatch.” This gap was a key reason behind the restrictions on the remaining 12 fisheries.

For Vietnam, the outcome signals that compliance remains inconsistent across the sector. The government now faces pressure to step up surveillance and introduce stricter reporting systems if it wants to protect its share of the lucrative US seafood market.

Shrimp exports also face scrutiny

Alongside the NOAA ruling, Vietnam is dealing with another trade challenge in the form of an ongoing US administrative review of anti-dumping taxes on shrimp imports.

Minister Nguyen Hong Dien has called for a fair outcome for Vietnamese shrimp exporters, who have been hit by tariffs in previous reviews.

A negative decision could add further strain on the seafood industry, which is already dealing with tariffs, compliance disputes, and shifting market dynamics.

The post Vietnam warns of $500 million seafood losses as US ban takes effect appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Europe markets in red: Fed rate cut hopes tempered by economic uncertainty
next post
Trump sues The New York Times for $15 billion over defamation

Related Posts

Looking back at 2025: the $3.2 billion Fintech...

December 28, 2025

What US GDP report means for Fed’s rate...

December 28, 2025

Why Southwest emerged as the top US airline...

December 28, 2025

Commerzbank anticipates wheat price recovery by end of...

December 28, 2025

Nvidia stock: how Groq deal removes the last...

December 28, 2025

From Walgreens to EA: 2025 marked a banner...

December 28, 2025

Looking ahead to 2026: why hyperscalers can’t slow...

December 27, 2025

Can Saudi Arabia really undercut the world on...

December 27, 2025

Best copper stocks to buy as prices continue...

December 27, 2025

QuantumScape stock price forecast for 2026: Will QS...

December 27, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Looking back at 2025: the $3.2 billion Fintech IPO comeback nobody predicted

    December 28, 2025
  • What US GDP report means for Fed’s rate decision in January

    December 28, 2025
  • Why Southwest emerged as the top US airline stock in 2025?

    December 28, 2025
  • Commerzbank anticipates wheat price recovery by end of 2026 on supply constraints

    December 28, 2025
  • Nvidia stock: how Groq deal removes the last remaining bear case

    December 28, 2025
  • From Walgreens to EA: 2025 marked a banner year for take-private deals

    December 28, 2025

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,628)
  • Editor's Pick (374)
  • Investing (318)
  • Stock (2,450)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Spotify stock price forms W pattern ahead...

April 28, 2025

Elon Musk challenges Wikipedia with Grokipedia, his...

October 28, 2025

What’s next for Paramount Skydance stock as...

December 6, 2025