Business

Ocean accounting helps study sea’s value: workshop

Ocean accounting, which is built based on the System of Environmental-Economic Accounting (SEEA), helps experts and policy-makers evaluate the actual contribution the seas make to the economy, heard a workshop held in Hanoi on October 11.
Ocean accounting helps study sea’s value: workshop ảnh 1Offshore fishing vessels of Phu Quy island (Photo: VNA)

Hanoi (VNA) – Ocean accounting, which is built based on the Systemof Environmental-Economic Accounting (SEEA), helps experts and policy-makersevaluate the actual contribution the seas make to the economy, heard a workshopheld in Hanoi on October 11.

The event was held by the Ministry of Natural Resources and Environment’sInstitute of Strategy and Policy on Natural Resources and Environment (ISPNRE) incollaboration with Germany’s Hanns Seidel Foundation and the United NationsEconomic and Social Commission for Asia and the Pacific (ESCAP).

Experts said that SEEA is a framework that integrates economic andenvironmental data to provide a more comprehensive and multi-purpose view ofthe interrelationships between the economy and the environment, and the stocksand changes in stocks of environmental assets. SEEA provides criteria to buildphysical data on the environment, and link it with the monetary data in theSystem of National Account (SNA).

Michael Bordt, an ESCAP expert, laid stress on the significance of ocean tolivelihoods, nutrition and economic growth in Asia-Pacific, saying oceanaccounting will help experts estimate exact statistics on the totalcontribution of the fishery sector to the economy as well as maximumsustainable yield.

Meanwhile, Nguyen The Chinh, ISPNRE director, said the institute is joininghands with ESCAP to carry out a pilot study on national ocean accounting tointegrate information from all scientific sectors, policy frameworks andmechanisms to follow the progress of implementing the Sustainable DevelopmentGoals (SDGs).

The move is also aimed at improving interdisciplinary policies to optimisesustainable ocean exploitation and reduce the risks of ecosystem degradationand natural disasters, he added.

Chinh said the workshop created opportunities for the institute to share andconsult related stakeholders on the initial findings of the pilot study inQuang Ninh province which focused on pollution from the mainland and theimpacts of tourism on the ocean.

At the event, experts shared their views on identifying mainland pollutionsources, the impacts of tourism on the ecosystem in the piloted areas, andopportunities to expand ocean accounting cooperation in other localities./.
VNA
#Ocean accounting #actual contribution #seas #System of National Account (SNA) #maximum sustainable yield #ESCAP #Hanns Seidel Foundation #Sustainable Development Goals #Vietnam News Agency #Vietnamplus
Follow VietnamPlus

Related News

Vietnam proposes establishing global network on ocean-sea data sharing

Vietnam proposes establishing global network on ocean-sea data sharing

Prime Minister Nguyen Xuan Phuc proposed an initiative to form a global network on sharing data on oceans and sea, towards a global framework on preventing marine plastic waste at a discussion on climate and environment within the framework of the G20 Summit in Osaka on June 29.
Tourism firms play rising role in stemming ocean plastic

Tourism firms play rising role in stemming ocean plastic

Tourism companies, who are benefiting enormously from the environmental values, should take further actions to stem the flow of plastic waste into the ocean, heard a workshop held in the northern port city of Hai Phong on July 25.
Da Nang aims to become sea-based economic hub

Da Nang aims to become sea-based economic hub

As a coastal city with considerable sea-related advantages, Da Nang is carrying out an action programme to boost development of blue economy, targeting to turn itself into sea-based economic hub in the future.

See more

More than 4.1 million air passengers are forecast during the peak travel period of the Lunar New Year 2026. (Photo: VNA)

19 additional aircraft to be deployed to serve Lunar New Year peak period

During the pre-Tet peak, several routes from Ho Chi Minh City to destinations such as Hue, Thanh Hoa, Vinh, Pleiku, Tuy Hoa, Quy Nhon, Chu Lai and Dong Hoi have recorded booking rates above 90%, with some reaching 100%. In contrast, return flights from localities to Ho Chi Minh City remain low, with many flights reporting booking rates below 35% and several operating as ferry flights to return aircraft.

Shoppers at the first Glorious Spring Fair (Photo: VNA)

Spring Fair 2026: Opportunities for businesses to expand connections

Many businesses are doing more than presenting product functions; they are also telling the story of their raw-material regions, production processes, and social and environmental responsibility. This reflects a clear transition: companies are no longer competing solely on price, but increasingly on perceived value and consumer trust.

Vietnam Airlines will deploy wide-body Airbus A350 aircraft on its new nonstop Vietnam–Netherlands service starting June 16. (Photo: VNA)

Vietnam Airlines to launch first nonstop Hanoi–Amsterdam route

Nguyen Quang Trung, Deputy General Director of Vietnam Airlines, said that the nonstop Hanoi–Amsterdam route marks an important milestone in the carrier’s European network expansion strategy. Its presence at one of the world’s leading aviation hubs will not only broaden the airline’s business opportunities but also help strengthen economic, trade and investment connection, as well as people-to-people exchanges between Vietnam and the Netherlands, and Europe in general.

Central Highlands region's products on display at the first Glorious Spring Fair 2026 (Photo: VNA)

Spring Fair 2026: Traditional flavours find new pathways to market

Products rich in traditional flavours - from confectionery and processed agricultural goods to highland tea - are presented in refreshed designs that preserve cultural identity while meeting rising market standards, opening up prospects for expanded consumption and gradual entry into export markets.

Vietnamese fruits introduced to German consumers (Photo: VNA)

“Vietnamese Goods Day” promotes agricultural products in Germany

Vietnamese Ambassador to Germany Nguyen Dac Thanh said the event, held close to Vietnam’s Lunar New Year, helped promote Vietnamese tropical fruits while introducing Vietnamese cultural values to German consumers, and creating opportunities for Vietnamese businesses to connect directly with German importers.

Downtown area in Ho Chi Minh City. (Photo: VNA)

Vietnam's golden gateway: FDI poised for gains in 2026

More than just volume, the quality of FDI entering Vietnam has improved. The nation is evolving from a base for basic assembly and processing into a genuine contributor to hi-tech manufacturing and R&D across global value chains.