Log in
Econ

Vietnam sets sight on becoming strong maritime nation by 2030

The Party stressed the resolve and persistence to defend national independence, sovereignty, territorial integrity, national interests in waters and islands belonging to national sovereignty, sovereign rights and jurisdiction.

The Communist Party of Vietnam's Central Committee has issued a new resolution aiming for Vietnam to become a strong maritime nation by 2030, the government portal reported. 
 
Illustrative photo.
Illustrative photo.
The resolution, read by Party chief Nguyen Phu Trong at the closing session of the eighth plenum of the Central Committee last weekend, is in line with the Committee's strategy on sustainably developing Vietnam's sea-based economy to 2030, with a vision to 2045. 

Under the resolution, Vietnam is expected to achieve primary sustainable development goals for the country's sea-based economy by 2030, harmonizing economic development with ensuring social welfare and protecting the environment.

Specifically Vietnam will give priority to developing maritime tourism, maritime economy, petroleum and marine resources exploitation, aquaculture, fishing, shipbuilding, and renewable energy. 

Additionally, one of the focuses is to invest efficiently in coastal economic and industrial zones, serving as foundation for the country's gateway to the world. 

The Committee stressed the resolve and persistence to defend national independence, sovereignty, territorial integrity, national interests in waters and islands belonging to national sovereignty, sovereign rights and jurisdiction, while settling disputes by peaceful measures on the basis of international law including the 1982 UN Convention on the Law of the Sea, thus ensuring a peaceful, stable environment, national security and social order and safety in waters and islands for sustainable economic development.

The sea-based economy is targeted to contribute 10% of Vietnam's GDP, while GRDP of coastal cities and provinces will account for 65 - 70% of the country's GDP. The human development index of those provinces is also higher than the country's average. 

Vietnam boasts a 3,260km coastline and nearly 3,000 islands, 44 seaports with a designed capacity able to handle 470-500 million freights per year and six coastal economic zones incorporating a variety of sea-based industries, Vietnam News Agency reported in August 2016. 
Reactions:
Share:
Trending
Most Viewed
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.