New decree promotes sustainable maritime economic development

Decree No. 11/2021/ND-CP officially replaced Decree No. 51/2014/ND-CP dated May 21, 2014 of the Government regulating the allocation of certain marine areas to organisations and individuals exploiting and using marine resources from March 30, 2021.
New decree promotes sustainable maritime economic development ảnh 1Boats docked at the An Thoi port in the Mekong Delta province of Kien Giang's Phu Quoc island (Photo: VNA)
Hanoi (VNA) - Decree No. 11/2021/ND-CP officially replaced DecreeNo. 51/2014/ND-CP dated May 21, 2014 of the Government regulating the allocationof certain marine areas to organisations and individuals exploiting and using marineresources from March 30, 2021.

Ta Dinh Thi, Director General of the Vietnam Administrationof Seas and Islands (VASI) under the Ministry of Natural Resources and Environment, said this is an important document that institutionalises the Party's guidelines andthe State's policies and laws on marine economic development associated with ensuringnational defence and security and the protection of environmental and marine andisland ecosystems in line with the Strategy for the SustainableDevelopment of Vietnam’s Marine Economy by 2030 and vision to2045.

It is expected to contribute to realising the goal of turning Vietnaminto a powerful marine nation, in which the marine economic sectors’contributionto GDP will represent 10 percent.

The new decree regulates that all activities of organisations and individualsexploiting and using marine resources must be implemented in marine areas they havebeen allocated, except the use of marine areas for defence and security purposes.

It states that sea areas allocated to organisations and individuals will be consideredand decided upon on a case-by-case basis. The time frame for using allocated marineareas will not exceed 30 years, and while this can be extended many times, the totalduration of such extensions must not exceed 20 years.
New decree promotes sustainable maritime economic development ảnh 2Offshore fishing ships of Phu Quoc island (Photo: VNA)
Under the decree, the four State agencies and competent authorities with the rightto allocate marine areas include the Prime Minister, the Ministry of Natural Resourcesand Environment, and the People’s Committees of coastal provinces and coastal districts.

Cases that are not required to allocate marine areas include scientific researchby Vietnamese organisations and individuals (except for scientific research usingfixed marine areas and those conducted by foreign organisations and individualsin Vietnam’s territorial waters), the measurement, observation, investigation, survey,and assessment of marine resources, and activities to resolve the direct consequencesof natural disasters or environmental incidents at sea.

Thi said marine areas for the construction, installation, and operation of worksserving the national and public interest and those for exploration and exploitationof oil and gas, transport oil, and gas resources taken ashore by pipelines underthe Prime Minister’s decision are not required to pay fees for the use of marineareas.

The Prime Minister will decide on exemptions of fees for using marine areas in othercases submitted by the Minister of Natural Resources and Environment.

Apart from the above-mentioned cases, activities usingmaritime areas allocated by relevant State management agencies must pay fees forthe use of marine areas in the regulated price bracket and level.

The Ministry of Natural Resources and Environment will coordinate with theMinistry of Finance to propose the Government make adjustments to the price bracketfor using maritime areas in each period, to suit the socio-economic conditions./.
VNA

See more

The 21st conference of the 17th Hanoi Party Committee on January 21 (Photo: VNA)

Hanoi sets ambitious growth targets for 2025-2030

Hanoi has set a goal of achieving an annual growth rate of 10.5-11% during the 2025-2030 period, focusing on bolstering traditional economic drivers while implementing innovative solutions to promote new ones.

Minister of Industry and Trade Nguyen Hong Dien (Photo: VNA)

Vietnam commits to supporting Czech investors: Minister

Minister of Industry and Trade Nguyen Hong Dien pledged Vietnam’s support to Czech businesses and investors while addressing the bilateral business forum held in Prague on January 20 as part of Prime Minister Pham Minh Chinh’s official visit to the European country.

Processing mango products for export at the factory of An Giang Fruit and Vegetables JSC. in Lam Dong province (Photo: VNA)

UNCTAD leader highlights Vietnam’s role in global trade

Vietnam has emerged as a remarkable example of how trade and investment can fuel inclusive growth and development, according to Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD).

Le Anh Quan, Standing Vice Chairman of the municipal People's Committee and Chairman of the Vietnam-Korea Friendship Association delivers speech at the event. (Photo: VNA)

Vietnam, RoK strengthen friendship, cooperation

The Vietnam-Korea Friendship Association (VKFA) and the Korean Association in the northern city of Hai Phong hosted a friendship exchange on January 20 during which the Vietnam-Korea Business Club in Hai Phong was launched.

2025 - Year of acceleration, breakthroughs

2025 - Year of acceleration, breakthroughs

Prime Minister Pham Minh Chinh has instructed ministries, agencies, and local authorities to drastically and effectively implement three strategic breakthroughs, six key tasks, and 12 primary solutions, striving for double-digit growth in 2025, set to be the year of acceleration and breakthroughs, and laying the foundation for the 2026-2030 socio-economic development plan.

Furusawa Yasuyuki, General Director of AEON Vietnam Company Limited, speaks at a meeting with Can Tho city's leaders. (Photo: VNA)

Can Tho creates enabling environment to attract Japanese investors

The Mekong Delta city of Can Tho is committed to creating the best possible conditions for Japanese companies to study, invest and develop projects, Standing Vice Chairman of the municipal People’s Commitee Duong Tan Hien said at a January 20 meeting with representatives from the Japanese Embassy and businesses in Vietnam.

Representatives of the Vietnamese Ministry of Industry and Trade and the Office of the US Trade Representative sign an agreement regarding anti-dumping on Vietnamese fish fillets on January 20 (Photo: moit.gov.vn)

US anti-dumping duty removed from Vietnamese fish fillets

A bilateral agreement between the Vietnamese and US Governments regarding anti-dumping duties on Vietnamese fish fillets was signed on January 20, marking the end of relevant disputes in Case DS536 at the World Trade Organisation (WTO).

The red carps for the ritual remain reasonably priced at 25,000-75,000 VND for three fish, depending on sizes. (Photo: VNA)

Hanoi markets bustle as residents prepare for Kitchen Gods’ Day

Markets across the capital city of Hanoi are teeming with fresh produce and traditional offerings as locals are preparing to bid farewell to the ong Cong (Land Genie) and ong Tao (Kitchen Gods) to the heaven, an important precursor to the Tet (Lunar New Year) celebrations.

Illustrative image (Photo: cafef.vn)

Banks step up capital mobilisation policies

Many banks have promoted capital mobilisation policies right from the beginning of 2025 to improve financial strength and meet the credit demand that is forecast to increase sharply this year.

Illustrative image (Photo: VinFast)

VinFast officially enters India market, unveils two EVs

Vietnamese electric vehicle manufacturer VinFast has unveiled two all-electric B-segment and C-segment SUVs, VF6 and VF 7, that will be sold in the Indian market within the framework of the Bharat Mobility Global Expo 2025 on January 18.

WEF’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee. (Photo: VNA)

WEF expert believes in Vietnam’s new era

As the world transitions into a new era, Vietnam is emerging as a key player in multilateral cooperation mechanisms and a beacon of growth and development, said the World Economic Forum (WEF)’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee.