Agreement on the conservation and sustainable use of biodiversity in waters beyond national jurisdiction (BBNJ) and opportunities for Vietnam

Abstract

Vietnam’s signing of The Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ) marks a strategic commitment to protecting the marine environment and natural resources. This analysis aims to evaluate the significance of Vietnam’s participation in the BBNJ Agreement, particularly for a developing country, including access to advanced technology and knowledge, fair and equitable sharing of benefits (both monetary and non-monetary) from marine genetic resources in ABNJ, and enhanced cooperation in marine biodiversity protection. Additionally, this signing reaffirms Vietnam’s active contribution to global sustainable development goals, ensuring long-term benefits for both the nation and the world.