Ten foreign investors and a large number of domestic businesses gathered in the northern port city of Hai Phong on July 9 for a conference to promote Vietnam ’s sea economy in 2010.

The participants said it is necessary to draw up a comprehensive strategy on sea environment and natural resources and combine sea economy activities with ensuring security and sea and island sovereignty.

Localities should enhance international and regional cooperation, devise concrete projects to mobilise official development assistance and encourage foreign investors with financial, management and advanced technology capability for coastal regions’ development, they said

Sea economy is estimated to make up 47-48 percent of the country’s gross domestic product (GDP). The arrival of a number of the world’s leading sea port and shipping groups has helped modernise the country’s sea port system.

Hai Phong, a main gateway to the sea in northern Vietnam , is now home to more than 30 seaport service businesses.

The city’s Lach Huyen port is planned to become an international gateway port in the country’s northern region by 2030 which will be capable of receiving 6,000 TEU vessels./.