In a new HCSS guest paper, Pham Ngoc Minh Trang examines how Vietnam’s long-running EU IUU “yellow card” — driven by gaps in vessel monitoring, enforcement, and traceability — continues to carry economic and reputational costs despite significant post-2017 legal reforms. As key shortcomings persist, especially in monitoring small-scale vessels and ensuring continuous VMS transmission, the paper outlines where EU–Vietnam cooperation remains essential. It highlights how European expertise and joint initiatives — from legal dialogue and VMS anomaly training to pilot tracking programmes — can help close remaining capacity gaps, support sustainable fisheries governance, and advance Vietnam’s compliance efforts in the South China Sea context.