Seven maritime economic clusters to be shaped by 2030

Saturday, 13/08/2022 16:00
Vietnam set to take shape seven maritime economic clusters by 2030, aiming to turn Vietnam into a strong marine country, and promote sustainable development in relevant regions, sectors and fields, reported Vietnam News Agency.
Vietnam targets seven marine economic clusters by 2030. - Illustrative image (Photo: VNA) 

The information was stated in Decision 892/QD-TTg dated July 26, 2022 by the Prime Minister to approve a project on the development of marine economic clusters associated with building strong sea-based economic centres by 2030.

The project aims to build seven marine economic clusters in the next 10 years in advantageous coastal areas and develop three to four leading maritime economic centres in the Southeast Asian region.

The clusters will prioritise services, products with added value; attract large-scale enterprises and high-tech projects to contribute to green growth; and protect the marine ecological environment as well as the marine economy.

They are also expected to contribute to consolidating and strengthening national defence and security in seas and islands.

Illustrative image (Photo: VNA)

Notably, developing sea and island tourism is one of the priorities for effectively tapping the potential and strengths of tourism resources in each region and the entire coast of Vietnam.

In particular, the project spotlights the importance of tourism-based economy development with eco-tourism and leisure centres, complexes and sea and island resorts that meet international standards in the central region, the southwestern coastal area (Kien Giang - Ca Mau) and other areas with suitable conditions.

Hoa Binh exports first batch of Son Thuy fresh longan to Europe

The shipment of 1 ton of fresh longan was produced by Son Thuy Agricultural Service Cooperative in Xuan Thuy commune, Kim Boi district, the northern mountainous province of Hoa Binh, packed by FUSA Organic Agriculture Joint Stock Company and transported to the EU market by air.

Hoa Binh exports first batch of Son Thuy fresh longan to Europe. (Photo: 

The Hoa Binh Department of Agriculture and Rural Development, in collaboration with the Kim Boi People’s Committee and FUSA Organic Agriculture Joint Stock Company, has exported the first shipment of 1 ton of fresh longan to the EU market.

Earlier, in 2016, Son Thuy longan was granted protection by the National Office of Intellectual Property. After that, a series of certifications on food safety (2016), VietGAP (2019), and OCOP (2020) have helped the Son Thuy brand reach further to domestic and international markets.

Son Thuy longan is also the first product of Hoa Binh to be granted a planting area code in 2019 and this is a “passport” for this product to be officially exported to the international market, especially the EU.

The Hoa Binh Department of Agriculture and Rural Development said that all the technical requirements set by the EU market for fresh fruit and vegetable products have been strictly completed by Son Thuy longan growers from 2019 to now.

According to the analysis results at the laboratory designated under EU standards, 3 samples of Son Thuy longan all met the technical requirements of 821 EU food safety testing criteria.

Currently, the area of longan in Xuan Thuy commune is nearly 200 hectares, and the Son Thuy agricultural service cooperative has 34 hectares.

Hoa Binh has set a target of exporting 50 tons of Son Thuy longan to the EU market until the end of the longan crop in 2022.

Vietnam, Southeast Asia find ways to rise amid difficulties

Illustrative image (Source: VNA) 

Vietnam and the Southeast Asian region have managed to maintain economic stability and growth despite COVID-19 and the Russia-Ukraine conflict, reported Vietnam News Agency.

In the context of global disruption due to China’s border closure to pursue its “Zero COVID” policy, many semi-conductor producers have switched their operations to Southeast Asia to ease shortages.

Last year, chip producer GlobalFoundries announced an investment of about 4 billion USD in a Singapore-based factory, while Intel said it planned to pour more than 7 billion USD into a chip factory in Penang, Malaysia.

Foxconn Technology Group from Taiwan (China), a supplier of Apple, is building a 270 million USD factory to manufacture and process laptops and tablets near Hanoi, Vietnam.

With global supply chain adjustments, Vietnam boasts the advantages needed to tap into opportunities from the supply chain shift. In 2020, Vietnam received a significant portion of the investment shift wave from China. In 2021, despite being hard hit by COVID-19, FDI inflows into the country still reached 31.15 billion USD, up 9.2% compared to 2020.

Cargo ships at the Singaporean port (Photo: VNA) 

Rajiv Biswas, Executive Director and Asia-Pacific Chief Economist from S&P Global, said that Southeast Asia is an important part of the global manufacturing supply chain, especially for the electronics industry. Due to supply chain disruptions and severe delivery delays for key components in the global electronics industry during the pandemic outbreak, electronics companies are increasingly diversifying supply chains to Southeast Asia.

Mick Aw, senior adviser at Moore Stephens, said that Southeast Asian countries are increasingly playing a more important role in the global supply chain as businesses move away from China after the pandemic.

For Vietnam, the Central Institute for Economic Management (CIEM) gave two scenarios for economic growth in 2022. Accordingly, in the brighter scenario, CIEM forecast that Vietnam's economic growth in 2022 can reach 6.9%, relatively high compared to the base scenario of 6.7%. With this scenario, the growth rate in 2022 is close to the 7% the Government has set for this year.

Regarding solutions for the last six months of 2022, CIEM Director Tran Thi Hong Minh said that CIEM has proposed speeding up reforms even in the context of economic recovery, aiming to reduce pressure on inflation and create new space for businesses to develop./.