This paper experimentally demonstrates the ability of a bismuth-erbium-vanadium co-doped optical fiber as a saturable absorber (BEV-FSA) to generate stable Q-switched pulses in the 1550 nm region. The laser cavity delivered passively Q-switched pulses exploiting an erbium-ytterbium co-doped double-clad fiber (DC-EYDF) as the laser gain medium while maintaining an all-fiber cavity configuration. The output parameters of the laser such as output power, repetition rate, pulse duration, and pulse energy have been studied in detail with the variation of pump power. The output spectrum centered at 1550.86 nm throughout the experiment. The system produced stable pulses with a minimum pulse width of 1.83 µs with a pulse energy≈0.4µJ at the highest pump power of 2.31 W. The highest achievable repetition rate was 47.5 kHz with an of SNR≈53dB.