The Ministry of Agriculture and Rural Development has said that more than 95 per cent of Vietnamese fishing vessels have now installed vessel monitoring systems (VMS). However, efforts to remove the EU’s “yellow card” on Vietnam for illegal, unreported and unregulated (IUU) fishing face many difficulties, as some localities still neglect to supervise the local fleet, with the number of vessels violating international waters not falling significantly.
While the gas crisis in the EU is having a serious impact, severe drought in China has resulted in the country cutting production due to power shortages. VnDirect believes that the deterioration in China’s economic situation will benefit industrial real estate, the construction industry, and building materials in Vietnam.