Ninh Thuan has ambitious plans to develop sea-based economy

The south-central province of Ninh Thuan, which is endowed with a 105km coastline and abundant aquatic resources, is focusing on developing its marine economy and coastal industries.
Ninh Thuan has ambitious plans to develop sea-based economy ảnh 1A view of Vinh Hy bay in Ninh Thuan province. (Photo: http://dulich24.com.vn/)
NinhThuan (VNS/VNA) - The south-central province of Ninh Thuan, whichis endowed with a 105km coastline and abundant aquatic resources, is focusingon developing its marine economy and coastal industries.

TranQuoc Nam, Chairman of the provincial People’s Committee, said the province hadmobilised capital from various sources to invest in coastal areas, especiallythe south.

Withprecise investment mechanisms and policies, it had managed to attract strategicinvestors, he said.

Atthe end of 2021 it granted investment certificates for 47 marine industrialprojects with a total registered capital of over 2 trillion VND (87.66 million USD),and 25 of them are already operational, according to the chairman.

Theprovince will continue to mobilise resources for investment to improveinfrastructure in coastal areas and areas zoned for developing key tourism,energy and coastal urban area projects.

Themaritime economy plays an important role in its economy, and is expected togrow by 15 - 16 percent annually until 2025 as the province works to achievebreakthroughs in sectors such as energy, renewable energy, urban areas, seatourism and marine services, coastal industry, fishing, and aquaculture.

Itis promoting investment in offshore and coastal wind power.

Itis currently speeding up construction of the Ca Na LNG power complex projectphase 1 and completing procedures for key transport projects.

Italso seeks to attract investment in large industrial projects, high-techindustries, supporting industries serving renewable energy, mechanicalengineering, seafood processing, salt production, and shipbuilding and repair.

Itis accelerating work on projects in the south such as the Ca Na seaportcomplex, an inland port, a logistics services centre, and routes linkingseaports with expressways.

Itis soliciting investment to help the tourism sector effectively use itsadvantages and become an attractive destination for domestic and foreigntourists.

Itexpects to receive 3.5 million visitors a year by 2025, with foreign visitorsaccounting for 12-13 percent, earning revenues of 2.9 trillion VND from them.

Fishingand aquaculture is another sector it is focused on, and targets having500-600ha of aquaculture farms on shore and 1,000ha offshore with an annualoutput of 110,000-150,000 tonnes by 2025.

Withmore than 105km of coastline, Ninh Thuan is one the country’s four largestfisheries producers, and its diverse range of species include high-value onessuch as tuna.

Theprovince is also among the country’s largest shrimp broodstock producers, withits annual volume of shrimp fry output increasing from 6.1 billion in 2007 to24.9 billion in 2017. It has a target of 41 billion by 2025.

Accordingto provincial authorities, Ninh Thuan will continue to invest in upgradinginfrastructure and encourage large enterprises to invest in the marine economicsector, especially key projects such as the Ca Na Industrial Park, offshorewind power plants, LNG power projects, inland ports, logistics centres, andothers to create a momentum for the marine economy to develop quickly./.
VNA

See more

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.

A high-tech corn, sorghum and grass farm in Nghe An province (Photo: VNA)

Realising circular economy to achieve sustainable development goals

Developing a circular economy has been recognised as one of the priority directions to achieve overarching goals such as waste management, efficient resources utilisation, environmental protection, disaster prevention, and climate change adaptation in the country's next development phase.

National Highway 61C (Photo; baohaugiang.com.vn)

Hau Giang, JICA to upgrade national highway

National Highway 61C linking Can Tho city with Hau Giang province will feature four lanes for motor vehicles and two for non-motorized traffic, with an estimated cost of over 5.17 trillion VND (206.8 million USD).

At the ceremony (Photo: nhandan.vn)

Ha Nam grants investment certificates for two key projects

Ha Nam province on February 13 licenced the high-precision circuit board manufacturing plant of Red Board Technology (Vietnam) Co., Ltd., and the kitchenware and related metal products manufacturing plant of Casla Kitchenware JSC.