Vietnam eyes building blue economy partnership group

Illustrative image (Photo: VNA)

Hanoi (VNA) – The Vietnam Administration of Sea and Islands (VASI) at the Ministry of Natural Resources and Environment and the World Bank have jointly held a virtual consultation workshop on the building of a Blue Economy partnership group.

At the event, VASI Deputy Director General Nguyen Que Lam said the proposal to build a partnership group on blue economy aims to mobilise the participation of stakeholders for the efficient management and sustainable development of Vietnam’s maritime economy.

Participants discussed and share information on programmes and projects related to the field.

According to the World Bank, the Blue Economy refers to the sustainable and integrated development of economic sectors for healthy oceans and seas. Nguyen Thi Tho, an expert at the VASI, said that the blue economy model aims to improve welfare and social fairness, as well as mitigate risks in environment and scarcity.

The annual Vietnam Blue Economy Forum is among major activities of the country’s seas and islands week. The forum helps the community understand the potential and challenges in the realisation of maritime economy development targets./.