“The blue economy scenarios for Vietnam” report launched
Scenarios for Vietnam’s maritime economy are outlined in a report launched at a ceremony jointly held by the Vietnam Administration of Seas and Islands at the Ministry of Natural Resources and Environment and the UN Development Programme (UNDP) in Hanoi on May 12.
Hanoi (VNA) – Scenarios for Vietnam’smaritime economy are outlined in a report launched at a ceremony jointly heldby the Vietnam Administration of Seas and Islands at the Ministry of NaturalResources and Environment and the UN Development Programme (UNDP) in Hanoi onMay 12.
“The blue economy scenarios for Vietnam” report coversthe six major sectors of fishery, renewable energy, oil and gas, tourism,transport, environment, and eco-system.
UNDP Resident Representative in Vietnam CaitlinWiesen said Vietnam has huge potential for aquaculture, marine renewableenergy, especially offshore wind, biodiversity ecosystem services and tourism.
At the launching ceremony of the report (Photo: VNA)
She suggested the country speed up maritime spatialplanning and roll out policies to make use of the potential.
Research studies show that blue scenarios bringabout higher interests than basic ones in terms of GDP contributions byeconomic sectors.
Ta Dinh Thi, Vice Chairman of the NationalAssembly's Committee on Science, Technology and Environment, said the report isvaluable for managers, policymakers, scientists and those who are interested inthis sphere.
Vietnam’s 28 coastal cities and provinces accountfor more than 50 percent of the national population, and make up to 60percent to the national GDP.
Given impacts of the COVID-19 pandemic, the coastal and sea-basedeconomic sectors have played an increasingly important role in recovering socio-economicactivities and spurring the country’s economic growth.
The report also offers recommendations to promotethe maritime economy in Vietnam./.
The Vietnam Administration of Sea and Islands (VASI) at the Ministry of Natural Resources and Environment and the World Bank have jointly held a virtual consultation workshop on the building of a Blue Economy partnership group.
To successfully carry out the strategy for sustainable development of Vietnam’s maritime economy, due attention is needed to science - technology, overhaul of relevant laws and policies, and enhancement of international cooperation, according to experts.
The Ministry of Natural Resources and Environment has assigned the Vietnam Administration of Seas and Islands (VASI) to work on building a blue sea economy partnership group to carry out a sustainable development strategy for Vietnam’s maritime economy to 2030, with a vision to 2045.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
Illustrative image (Source: VNA) 
At the launching ceremony of the report (Photo: VNA) 
