Ocean accounting helps study sea’s value: workshop
Ocean accounting, which is built based on the System of Environmental-Economic Accounting (SEEA), helps experts and policy-makers evaluate the actual contribution the seas make to the economy, heard a workshop held in Hanoi on October 11.
Offshore fishing vessels of Phu Quy island (Photo: VNA)
Hanoi (VNA) – Ocean accounting, which is built based on the Systemof Environmental-Economic Accounting (SEEA), helps experts and policy-makersevaluate the actual contribution the seas make to the economy, heard a workshopheld in Hanoi on October 11.
The event was held by the Ministry of Natural Resources and Environment’sInstitute of Strategy and Policy on Natural Resources and Environment (ISPNRE) incollaboration with Germany’s Hanns Seidel Foundation and the United NationsEconomic and Social Commission for Asia and the Pacific (ESCAP).
Experts said that SEEA is a framework that integrates economic andenvironmental data to provide a more comprehensive and multi-purpose view ofthe interrelationships between the economy and the environment, and the stocksand changes in stocks of environmental assets. SEEA provides criteria to buildphysical data on the environment, and link it with the monetary data in theSystem of National Account (SNA).
Michael Bordt, an ESCAP expert, laid stress on the significance of ocean tolivelihoods, nutrition and economic growth in Asia-Pacific, saying oceanaccounting will help experts estimate exact statistics on the totalcontribution of the fishery sector to the economy as well as maximumsustainable yield.
Meanwhile, Nguyen The Chinh, ISPNRE director, said the institute is joininghands with ESCAP to carry out a pilot study on national ocean accounting tointegrate information from all scientific sectors, policy frameworks andmechanisms to follow the progress of implementing the Sustainable DevelopmentGoals (SDGs).
The move is also aimed at improving interdisciplinary policies to optimisesustainable ocean exploitation and reduce the risks of ecosystem degradationand natural disasters, he added.
Chinh said the workshop created opportunities for the institute to share andconsult related stakeholders on the initial findings of the pilot study inQuang Ninh province which focused on pollution from the mainland and theimpacts of tourism on the ocean.
At the event, experts shared their views on identifying mainland pollutionsources, the impacts of tourism on the ecosystem in the piloted areas, andopportunities to expand ocean accounting cooperation in other localities./.
Prime Minister Nguyen Xuan Phuc proposed an initiative to form a global network on sharing data on oceans and sea, towards a global framework on preventing marine plastic waste at a discussion on climate and environment within the framework of the G20 Summit in Osaka on June 29.
Tourism companies, who are benefiting enormously from the environmental values, should take further actions to stem the flow of plastic waste into the ocean, heard a workshop held in the northern port city of Hai Phong on July 25.
As a coastal city with considerable sea-related advantages, Da Nang is carrying out an action programme to boost development of blue economy, targeting to turn itself into sea-based economic hub in the future.
Vietnam has huge potential for ocean aquaculture but the lack of a proper development plan, preferential policies and application of high technology has hindered its development.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Offshore fishing vessels of Phu Quy island (Photo: VNA) 
