Ca Mau to focus on sea-based economic development

Oct 5th at 08:00
05-10-2021 08:00:50+07:00

Ca Mau to focus on sea-based economic development

Endowed with a 254-km coastline and an abundance of aquatic resources, the southernmost province of Ca Mau is focusing on the development of the marine economy.

 

The aim is to have the sector contribute about 30-35 per cent of the province’s total budget revenue by 2030.

By that time, the average per capita income in coastal areas will be higher than the province’s average per capita income, which is expected to be about US$3,320 in the 2021-25 period and about $4,500 – 4,700 in the 2026-30 period, according to provincial authorities.

The province aims at becoming one of the localities in the Mekong Delta region with strong and sustainable sea-based economic development.

It will develop the sector towards modernisation and as a driving force for the province’s socio-economic growth.

The living standards and cultural and spiritual life of people in coastal districts, communes and towns will continue to improve, and marine and island resources will be managed and exploited appropriately and sustainably.

In addition to investing in electricity, fresh water, healthcare and schools, the province will continue to invest in the transport sector to ensure daily connections from the mainland to the island clusters of Hon Khoai and Hon Chuoi.

Total seafood output is expected to increase from 3.3 million tonnes in the 2021-25 period to 7.1 million tonnes in 2030. This would increase seafood export revenue from $5.65 billion in the 2021-25 period to $7 billion in the 2026-30 period.

The province would lead the country in terms of the number of seafood processing plants and shrimp export revenue.

The province has identified a number of important breakthroughs to realise its targets as well as boost marine economic development in the future in line with its potential and strengths.

Specifically, the province will focus on developing Song Doc and Nam Can urban areas into grade-III urban centres by 2025, with Song Doc urban area to become the province’ s services, trade and marine economic centre.

Besides developing a robust marine economic sector, the province will promote industrial development, especially renewable energy, ecotourism, sea tourism, fishing and aquaculture.

According to the provincial People’ Committee, the province has faced difficulties developing infrastructure in coastal areas due to limited local resources, increasingly serious climate change impact, and coastal erosion, among others.

Taking advantage of capital sources in the coming time, the province will focus on investing and building infrastructure systems in coastal areas, including in coastal urban areas, roads to connect coastal corridor traffic routes, sea transport routes connecting Ca Mau with economic centres in the Mekong Delta region, as well as economic zones and island clusters, to create favourable conditions for marine and island economic development.

As the only locality with three sides facing the sea, a coastal protection forest stretching from east to west, and clusters of islands and one of the country’s four key fishing grounds, Ca Mau has favourable conditions for fostering marine economic development. 

bizhub



NEWS SAME CATEGORY

PM wants to begin economic recovery plan this month

Government agencies are working on new stimulus packages to channel the capital flows into priority fields.

HCM City businesses propose support policies

Businesses in HCM City have called for support policies to help them revive operations after disruption caused by the COVID-19 pandemic.

Vietnam, Singapore cooperate to tap potential of trade pacts with EU, UK

As members of ASEAN (Association of Southeast Asian Nations), Vietnam and Singapore are signatories to various free trade agreements (FTAs), presenting them with...

Vaccines the ‘game-changer’ for effective reopening: foreign firms

Prioritized vaccination, sufficient workers, a streamlined “green pass” policy and the lifting of transport restrictions are key to an effective economic reopening...

Government resolved to create new momentum for economic growth: PM

Government is committed to step up measures to create new momentum, and speed up the disbursement of public investments to spur economic growth in the last quarter...

10,000 businesses a month close their doors permanently in 2021

In the first 9 months of 2021, the number of businesses closing their doors permanently reached 90,300, up 15.3 per cent from the last same term, said the General...

Green light for blue collar workers: HCMC readies return-to-work plans

Factories in Ho Chi Minh City are preparing plans to bring employees living in neighboring provinces back to work after prolonged disruptions and lockdowns.

Vietnam GDP growth forecast at 3-3.5 pct this year

The Ministry of Planning and Investment estimates the country's GDP growth in 2021 at 3-3.5 percent, down 0.5 percentage points from the forecast in September.

UOB lowers Vietnam’s growth forecast to 3 pct in 2021

Singapore-headquartered United Overseas Bank (UOB) has cut its 2021 growth forecast for Vietnam from five percent to three percent after the country’s gross...

President Phuc promises business support for Covid recovery

President Nguyen Xuan Phuc on Saturday said there would be specific polices to help businesses recover amid the Covid-19 pandemic.


MOST READ


Back To Top