Keyword: "blue economy"

Indonesian authorities hope Banyuwangi regency’s experience will serve as a practical model that can be replicated across the region.

Indonesian President Prabowo Subianto has approved a preferential fuel price of 15,000 IDR (0.83 USD) per litre for fishing vessels with a gross tonnage of 30–200 GT.

The vision of a strong maritime nation will be reflected in green ports, offshore wind farms, thriving coastal communities, restored mangrove forests, sustainable coastal cities, resilient island outposts and generations of Vietnamese equipped with ocean knowledge and a deep sense of responsibility for the nation’s maritime future.

The National Blue Carbon Action Partnership (NBCAP) was officially launched on May 28 at a ceremony in Hanoi, alongside the inaugural meeting of a national working group tasked with guiding its implementation.

Through four rounds of bilateral “Track 1” Maritime Security Dialogue, the two sides have outlined priority areas of cooperation, including marine scientific research, blue economy development, humanitarian assistance and disaster relief, naval and coast guard cooperation, maritime law enforcement, capacity building, and maritime connectivity.

Vietnam is committed to being a responsible partner in addressing global environmental issues, and the country looks forward to working closely with France to build a green and sustainable future that harmonises economic growth with environmental stewardship.

To achieve its targets of reducing plastic leakage by more than 43% by 2030 and cutting marine plastic waste by 75%, Vietnam will need approximately 8-9 billion USD in funding over the next five years.

In Vietnam, aquaculture is highly developed, and related practices can be further improved, for example, by reducing the use of antibiotics, minimising pollution and waste discharge into the sea, including wastewater containing microplastics and other pollutants.

PM Pham Minh Chinh called on the international community to act faster, more strongly, and more decisively and to gather joint efforts by countries, regions, and the whole world in preserving and sustainably using the blue ocean.

Indonesian Maritime Affairs and Fisheries Minister Sakti Wahyu Trenggono and UK Ambassador to Indonesia and Timor Leste Dominic Jermey have discussed measures to strengthen cooperation in blue economy development to support marine and fisheries sustainability in their recent meeting.

The launch of the ASEAN Blue Economy Innovation Project to protect marine ecosystems, which are crucial for maintaining the bloc’s environment and economy, took place in Jakarta on May 14.

Phu Yen province plans to develop itself into a blue economy hub in the central coastal region with digital economy, industry-green energy, high-quality tourism and services, high-tech agriculture and maritime transport and logistics as pillars, under the provincial master plan until 2030 with a vision to 2050.

Indonesia wields enormous blue economic potential since the country's seas are home to almost 60% of the world's coral reefs and store abundant gas and fishery resources, said Indonesian Minister of National Development Planning Suharso Monoarfa.

Blue economy has big potential to become a new engine for the development of the Association of Southeast Asia Nations (ASEAN), an Indonesia’s senior official has said.

The governments of Indonesia and the Republic of Korea (RoK) held an annual Joint Commission meeting on March 14 to step up maritime and technological cooperation with discussions regarding climate change mitigation, blue economy, and marine aquaculture technology.

The Ministry of Natural Resources and Environment has assigned the Vietnam Administration of Seas and Islands (VASI) to work on building a blue sea economy partnership group to carry out a sustainable development strategy for Vietnam’s maritime economy to 2030, with a vision to 2045.

Indonesian President Joko Widodo has announced that his country will highlight the importance of the blue economy, blue carbon, and also the handling of marine debris during its Presidency of the G20.

The Vietnam Institute of Economics (VIE) on November 16 held a webinar named “Blue economy: Opportunities, challenges and solutions for sustainable development”, aiming to seek ways to develop the sea-based economy, build the blue economy, and ensure harmony between socio-economic development and environmental protection.

Blue economy is a combination of industries from different economic sectors closely linked with the marine environment without clear boundaries, and the development of one industry can have positive or negative impacts on others, said Dao Xuan Lai, head of United Nations Development Programme (UNDP) Climate Change and Environment Unit in Vietnam.

A consultation workshop on a report on Vietnam’s blue economy took place in Hanoi on November 5.