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Vietnam strives to strengthen sea-borne economy (19/03)
06/08/2010 - 69 Lượt xem
Under Vietnam’s Ocean Strategy, by 2020, the maritime economy will account for 53-55% of the country’s Gross Domestic Product (GDP) and 55-60% of the nation’s combined export turnover.
According to the strategy, oil industry development is one of the main sectors of maritime economy, followed by fishing, shipping and services, which include tourism, finance and banking. However, environmental protection must be given top priority when developing sea-borne industries.
Vietnam’s 3,200-kilometre coastline, which lies in the gateway of the Indo-China peninsular, offers a tremendous potential for the country’s shipping industry. Thanks to sea routes, major industrial centres have emerged and developed, such as major economic zones in the country’s southern, northern and central parts.
Vietnam’s water territories and coastal areas are rich in natural resources, such as oil and gas, and various minerals like ilmenite and sand for making glass.
To fulfil the goal, the Government is working out a master plan and issuing policies to attract developmental investment, including the construction of a seaport system.
One of the measures designated to attract more investment capital into Vietnam’s maritime economy is to speed up the equitisation of enterprises and list their stocks in the securities market, in addition to training and human resource development.
During the last few years, the country has benefited from maritime economy, both socially and economically. Oil and gas exports brought in some US $3 billion, while the seaport system played an important role in forwarding hundreds of million tonnes of import-export goods with an annual growth rate of 17%.
The fishing industry catches nearly 3.7 million tonnes of seafood each year, US $earning 3.3 billion, which accounts for 70% of the country’s total aquatic production. The nation also counts on big profits from tourism sites along its seashore.
Source: VNAgency
