Soc Trang turns sea-borne economy into major pillar
The Soc Trang province would step up the implementation of the MoNRE's strategy for the general management of Vietnam’s coastal areas through 2020 to shift the sea-borne economy into focus.
🍒 The Mekong Delta province of Soc Trang said that it would step up the implementation of the Ministry of Natural Resources and Environment’s (MoNRE) strategy for the general management of Vietnam’s coastal areas through 2020 to shift the sea-borne economy into focus.
The strategy was launched by the MoNRE in early July in Soc Trang to properly exploit and use natural resources and protect the environment in Vietnam’s coastal areas.
As one of 28 provinces and cities with coastlines and with a fishing ground of 30,000 square kilometres and three coastal districts – Cu Lao Dung, Tran De and Vinh Chau town – Soc Trang has developed its coastal tourism, services, agriculture, forestry and seafood economy for years .
The province targets to make sea-borne and coastal economy account for 37-40 percent of its Gross Domestic Product (GDP) by 2020.
Le Thanh Tri, Vice Chairman of the provincial People’s Committee, said the province has always considered sustainable development as a high priority and taking climate change and rising sea level into account while developing infrastructures.
Soc Trang currently has 340 offshore and 800 near-shore fishing boats. The province has enacted measures to properly manage fishing activities.
With a 70-kilometre coastline, Soc Trang also has a large area of seaside buffer forest, ideal for reproducing natural seafood and creating oyster and arca fields.
🐼Tran Hoang Dung, Deputy Head of Soc Trang’s Department of Seafood Resources Exploitation and Protection said the agency has implemented a number of measures to ensure sustainable fishing activities and seafood resources.-VNA
The Mekong Delta province of Soc Trang has approved a ten-year plan to expand its large-scale rice field area to 29,010 hectares by 2025 with each field covering 300-1,000 hectares.
Deputy Prime Minister Vu Van Ninh called upon the Southwestern region to continue restructuring agriculture and building new-style rural areas, and strive towards sustainable poverty alleviation.
Officials from the Ministry of Environment & Natural Resources and stakeholders met on July 29 to share ideas for the 2016 regulatory framework for the Support Programme to Respond to Climate Change.
The Ministry of Agriculture and Rural Development has signed implementation agreements with German-based GIZ company for two projects on forest biodiversity conservation and coastal forest protection.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.