VOV.VN - The World Bank and the central coastal province of Phu Yen on June 12 signed a Memorandum of Understanding, establishing a partnership for strategic engagements during the 2020-25 period.
Prime Minister Nguyen Xuan Phuc has issued Decision 203/QD/TTg on the establishment of a national steering committee for the implementation of the strategy for the sustainable development of the Vietnamese marine economy until 2030 with a vision until 2045.
The Mekong Delta province of Ben Tre will develop its maritime economy over the next decade, focusing on fishing, tourism and renewable energy, according to the provincial People’s Committee.
Sea-based economic sectors contribute 10 percent of Vietnam’s gross domestic product (GDP), according to the Ministry of Natural Resources and Environment.
Human resources development has been seen as the key to developing the marine economy sustainably as well as managing, using and protecting maritime resources in Vietnam, as these sectors require a large and skilled labour force.
Vietnam has exerted efforts to tap into its immense maritime potential to become a strong, prosperous country based on its marine economy.
In 2017, the south central coastal province of Ninh Thuan is focusing on luring capable and strategic businesses and investors in the two key sectors of renewable energy and marine economy.
The marine economy has potential for the Mekong Delta province of Kien Giang financially and can contribute to protecting national sea and island sovereignty.
President Tran Dai Quang has suggested Can Gio district of Ho Chi Minh City look towards rapid and sustainable development with a focus on marine economy, agriculture, and ecological-historical-craft village tourism.
Maritime economic development has been important for Co To island district in the northern province of Quang Ninh as it boasts great potentials.
The south central coastal province of Khanh Hoa has advantageous nature and infrastructure to develop a marine economy as well as sea and island tourism.
Portugal wishes to invest in sectors of its strength such as tourism, infrastructure construction, renewable energy and particularly marine economy in Vietnam, a Portuguese senior official has said.
Co To island district in the northern province of Quang Ninh boasts great potential for developing its marine economy.
The marine economy in Mekong Delta’s Kien Giang province has developed rapidly over the past five years after local government investment of US$5 billion in the 2011 – 15 period.
Governor of the State Bank of Vietnam Nguyen Van Binh has pledged that the banking sector will assist fishermen by facilitating their access to credit to build modern boats for offshore fishing, thus ensuring fishermen’s livelihood and contributing to the marine economy.
A forum and exhibition on technology serving the development of Vietnam’s marine economy is taking place in the northern coastal city of Haiphong from May 7-8.
Vietnam is urgently seeking ways of sustaining its marine economy as climate change warms and raises sea levels and, together with massive pollution, continues to destroy the nation’s 110,000 hectares of coral reefs.