Vietnam looks to set up blue economy partnership group
The Ministry of Natural Resources and Environment has assigned the Vietnam Administration of Seas and Islands (VASI) to work on building a blue sea economy partnership group to carry out a sustainable development strategy for Vietnam’s maritime economy to 2030, with a vision to 2045.
Hanoi (VNA) - The Ministryof Natural Resources and Environment has assigned the Vietnam Administration ofSeas and Islands (VASI) to work on building a blue sea economy partnership group to carry out asustainable development strategy for Vietnam’s maritime economy to 2030, with a vision to 2045.
VASI DeputyDirector General Pham Thu Hang said the blue sea economy has developed rapidly inrecent years, but there is a threat to the sustainability of marine ecosystemswithout effective management and cooperation between partners.
She underlined the need to further promote cooperation between parties in orderto improve the efficiency of management in blue sea economy development inVietnam.
The Vietnamese government and relevant partners have supported theestablishment of a partnership in the form of an open and flexible framework,without legally commitments.
This partnership framework will operate as a model for cooperation andcoordination among stakeholders to participate and contribute effectively tothe marine economy development in Vietnam, Hang said.
It will also contribute to developing, revisingand implementing legislation on the blue sea economy through policy dialoguesand high-level meetings; while mobilising technical and financial resourcesfrom donors, institutes, research agencies and the business community, sheadded./.
Blue economy is a combination of industries from different economic sectors closely linked with the marine environment without clear boundaries, and the development of one industry can have positive or negative impacts on others, said Dao Xuan Lai, head of United Nations Development Programme (UNDP) Climate Change and Environment Unit in Vietnam.
The resolution of the 13th Party Congress has identified the marine economy as one of the important tasks and solutions to help Vietnam become a developing country with modern industry and upper-middle-income by 2030
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Illustrative image (Photo: VNA) 
