Vietnam’s blue economy is a relatively new concept that embraces marine and sea-related economic activities while improving livelihoods and maintaining the health of marine ecosystems.
Vietnam’s sea and coastal areas account for about 47-48 percent of the country’s GDP. The Vietnam Briefing emphasizes some distinct features of the blue economy as well as opportunities for investors.
The development of Vietnam’s blue economy is a relatively new concept, but it is necessary to tackle environmental issues, carbon dioxide emissions and the development of natural resources along the coastline.
Blue economy is a relatively new term. This means ensuring economic growth and the development of marine ecosystems while ensuring the rational development of natural resources with less impact on the environment. It also means the construction and development of infrastructure that can adapt to climate change and extreme weather.
The World Bank describes the blue economy as the sustainable use of marine resources for economic growth while improving livelihoods and maintaining the health of marine ecosystems.
Thus, the Blue Economy is central to Vietnam’s achievement of the Sustainable Development Goals (SDGs) by 2030 and its vision by 2045, and the environment is one of the pillars of this development. is.
The Blue Economy also helps Vietnam achieve its climate change goals. A recent study shows that a 1 meter rise in sea level can affect 11% of Vietnam’s population and 7% of its agricultural land. Depending on the severity of sea level rise, climate change can ultimately flood 38-46 percent of Vietnam’s population.
However, the development of the blue economy needs to be based on the balanced growth of the six industries. Oil and gas; Marine renewable energy; Coastal and marine tourism; Maritime sector; And environment and ecosystems.
Vietnam’s long coastline is advantageous because it is located near international and regional maritime routes. Vietnam’s coastal region is located in a region of high economic growth and functions as a bridge between several regional trading partners and shipping lanes.
These are preferred for Vietnam to develop the maritime sector, shipbuilding and logistics industries, given 114 estuaries and 52 deep sea bays along the central coast (more than 60% of the coastline, bays, lagoons). It is a condition. Over 100 positions for the construction of large ports.
Vietnam has several natural resources, including about 35 minerals from different groups, including fuels, metals, building materials, precious and semi-precious stones, and liquid minerals. Undersea sand mines in Quang Ninh Province and Haiphong City have deposits of over 100 billion tonnes and nearly 9 billion tonnes, respectively.
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https://www.thailand-business-news.com/asean/vietnam/90409-vietnams-blue-economy-potential-and-opportunities-for-investors Vietnam’s Blue Economy Potential and Investor Opportunities