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Marine economy fails to reach potential, says forum

Update: June, 09/2012 - 07:38

HCM CITY— The domestic marine economy has not been exploited to its full potential, according to authorities at a forum on Viet Nam's Marine Brand Names, which was held on Thursday in Vung Tau city.

The forum, which was organised by the Ministry of Natural Resources and Environment and Vung Tau City People's Committee, heard more than 40 presentations on the commercial potential of Viet Nam's sea and islands.

Chu Pham Ngoc Hien, deputy minister of Natural Resources and Environment, said the potential of the domestic marine economy development was huge.

Revenue from the marine economy has contributed a large value to the country's economy, he said.

Last year, revenue from seafood exports reached US$5 billion. More than $4.4 billion from tourism and $12.1 billion from crude oil exports were recorded.

Viet Nam is considered to be one of 10 major centres with the highest sea biological diversity and one of 20 of the best areas in the world for seafood potential, according to Hien.

However, Dr Pham Anh Tuan, deputy head of General Directorate of Fisheries, said that exploiting effectiveness had not reached its full potential.

Localities have not co-operated with each other to develop a marine economy, leading to ineffectiveness in exploitation, according to Tuan.

Dr Nguyen Tac An, chairman of the National Committee on Oceanography of Viet Nam, said that to increase effectiveness in exploiting, Viet Nam should create a plan based on green development.

Asso.Pr and Dr Bui Tat Thang of Development Strategy Institute under the Ministry of Planning and Investment said that building infrastructure on the island should be given priority to attract investment and encourage people to live there.

He said the government should also choose several large islands that have large potential to develop economically, including Kien Giang Province's Phu Quoc Island.

Tran Minh Sanh, chairman of Ba Ria-Vung Tau Province People's Committee, said his province was building a system of ports, the best way to develop the marine economy. He recommended that the state government offer more investment incentives. — VNS

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