Kien Giang keen to become sea-based economic powerhouse by 2025

Mar 3rd at 12:23
03-03-2021 12:23:59+07:00

Kien Giang keen to become sea-based economic powerhouse by 2025

Boasting 200km of coastline and 143 islands, the Mekong Delta province of Kien Giang is striving to branch out its maritime sector and become a sea-based economic powerhouse by 2025.

 

The move aims to contribute to realising the 'Strategy for Sustainable Development of Viet Nam’s Marine Economy by 2030 with a Vision to 2045'.

According to Permanent Deputy Secretary of the provincial Party Committee Mai Van Huynh, the province is prioritising building its maritime sector to boost economic development while protecting the environment and strengthening national defence at sea and on islands.

Major investments have been made in several key industries, such as seafood, tourism-marine services, energy, and the maritime industry, among others, helping the province rank second among the 13 Mekong Delta localities in terms of maritime economic development in 2020.

The sea-based economy accounted for 79.75 per cent of the local gross regional domestic product (GRDP) in the year, he added.

High-capacity fishing vessels have been built to bolster offshore fishing, contributing to sustainable fisheries and the protection of the nation’s sovereignty over sea and islands.

With vast fishing grounds and a strong fleet, the province’s annual seafood output tops 500,000 tonnes and its aquaculture yield was estimated at more than 264,100 tonnes in 2020.

Kien Giang is working to secure a total seafood catch and aquaculture output of 800,000 tonnes by 2025.

According to the provincial Department of Agriculture and Rural Development, farming areas in Phu Quoc City, Kien Hai island district, the island commune of Tien Hai in Ha Tien City, and Son Hai and Hon Nghe in Kien Luong District will focus on farming groupers, cobias, yellow-fin pompanos, and seabass, as well as blue lobster, mantis shrimp, crab, and oysters for pearl farming.

Meanwhile, coastal areas in Ha Tien City and the districts of Kien Luong, Hon Dat, An Minh, and An Bien will develop zones for farming molluscs such as blood cockles, saltwater mussels, green mussels, and oysters.

Attention will be paid to high-tech aquaculture, the development of quality staples with high economic value, and measures to prevent illegal fishing.

Local maritime tourism has helped drive the tourism sector thanks to renowned destinations like Phu Quoc Island. A huge amount of capital has been injected into Phu Quoc City for years, most of which comes from strategic investors such as Vingroup, Sun Group, BIM Group, and CEO Group.

According to the provincial Department of Tourism, the province welcomed more than 5.2 million visitors in 2020, accounting for 55.8 per cent of the goal but down 40.7 per cent year-on-year. Revenue from tourism services was at more than VND7.8 trillion (US$339.8), or 39.3 per cent of the target, and down 57.7 per cent compared to 2019.

Local tourism is seeing a sound recovery thanks to stimulus measures.

The province will sharpen its focus on tourism infrastructure at key attractions, including Phu Quoc Island.

Vice Director of the Department of Tourism Bui Quoc Thai said the province encourages all economic sectors to build and diversify local tourism products, as well as join in efforts to form a major tourism centre.

Regarding energy development, the province prioritises investment in wind power, electrification, solar power, and many other sources of renewable energy.

It also plans to build coastal roads and improve logistics services, while working to preserve ocean biodiversity and restore ocean ecosystems, protecting mangrove forests in tandem with the effective and sustainable exploitation of marine resources.

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Vietnam exits top 10 in Covid-19 resilience ranking due to new outbreak

Vietnam has fallen eight spots to 18th out of 53 most resilient Covid-19 era economies in Bloomberg's ranking.

NATEC and Enterprise continue cooperation to unlock Vietnam's innovation potential

Vietnam’s National Agency for Technology Entrepreneurship and Commercialisation Development (NATEC) and Enterprise Singapore have intensified their cooperation with...

Vietnam to realize 6.5% growth target: PM

It is vital for Vietnam to further boost the development of private sector and public investment funds, in turn contributing to economic growth and creating the...

Da Nang city set to become special urban area

The central city of Da Nang is set to be part of the global supply chain network and a gateway on the East-West Economic Corridor by 2030, a meeting in Hanoi on...

Bilateral trade between UK and Vietnam surges thanks to UKVFTA

The initial results of the UK-Vietnam Free Trade Agreement promise to continue creating new impetus for economic and trade cooperation between the two countries in...

Consumer price rise at 8-year high

February saw consumer prices rise by 1.52 percent, the highest rate in eight years.

UKVFTA - a boost to Viet Nam-UK trade

After the UK-Viet Nam Free Trade Agreement (UKVFTA) took effect on December 31, 2020, both sides saw impressive growth in their two-way trade though exports faced...

CPI in February highest in 8 years

Viet Nam’s consumer price index (CPI) in February was up 1.52 per cent over the previous month and 0.7 per cent year on year, according to the General Statistics...

2021 economic census begins on Monday

The General Statistics Office (GSO) officially kicked off the 2021 economic census on Monay to have a comprehensive evaluation of the Vietnamese economy.

More than 18,000 new firms set up in first two months

More than 18,000 new businesses were established in the first two months of 2021, a year-on-year decline of 4 per cent, according to the Ministry of Planning and...


MOST READ


Back To Top