Small-scale fisheries (SSF) support over 90% of the 120 million people engaged in capture fisheries globally. Despite their contributions, SSF communities are often economically and politically marginalised, are highly vulnerable to change, and until recently, remained largely invisible in policy debates in most countries and internationally. This paper undertakes a situational analysis of 12 countries with significant small-scale fisheries (i.e., Bangladesh, Ghana, India, Indonesia, Japan, Malawi, Malaysia, Nigeria, Senegal, South Africa, Tanzania, and Thailand) to better understand the context in which they might transition from vulnerability to viability. Several insights emerge from this analysis. First, we identify the social and ecological drivers of change that exacerbate vulnerability and undermine SSF viability by focusing on five key domains: economic/development, ecological and environmental, social and cultural, governance and management, and emerging issues. Second, we highlight several cross-cutting issues and challenges facing SSF, including increasing attention to gender and the impacts of the COVID-19 pandemic. Finally, the situational analysis highlights several key policy and governance dimensions that are being explored in countries as potential enablers of more viable SSF. These include community-centered approaches and gender inclusion initiatives. Such governance interventions can also catalyze unintended vulnerabilities as vulnerability and viability are linked and dynamic processes. This situational analysis was co-developed as part of a global network of SSF researchers and practitioners across Africa and Asia. Outcomes of the situational analysis can be used to catalyze additional country and regional scale assessments and leverage opportunities for governance of small-scale fisheries.