Vietnam's marine economy - Opportunities and challenges in the new era

Abstract

Vietnam, with a coastline of more than 3,260 km, an exclusive economic zone three times larger than its mainland area, and more than 3,000 large and small islands, has great potential for economic development along with abundant resources and a strategic position in regional and international maritime transport. In the context of the country entering an era of strong growth, with the goal of double-digit economic growth, the marine economy is identified as one of important pillars to realize this ambition. In particular, the merger of provinces, reducing from 65 coastal provinces to 34 provinces, of which 21/34 provinces have sea. Along with strong administrative reform, decentralization and delegation of power, it is opening up new opportunities and challenges for sustainable marine economic development.