Vietnam unlocks new development space from sea

As the country enters a new development phase with greater demands for stronger marine-economy growth, institutional bottlenecks have emerged and need to be addressed.

Australis Vietnam Seafood Co., Ltd.'s high-tech deep-water barramundi farming site in Van Phong Bay, Khanh Hoa province. (Photo: nhandan.vn)
Australis Vietnam Seafood Co., Ltd.'s high-tech deep-water barramundi farming site in Van Phong Bay, Khanh Hoa province. (Photo: nhandan.vn)

Hanoi (VNA) – Implementing Resolution No. 20-NQ/TW, dated July 28, 2026, of the Party Central Committee on building and developing Vietnam into a strong maritime-based nation and promoting high-tech marine aquaculture, Vietnam has a major opportunity to unlock the potential of the sea, generate prosperity from marine resources and enhance its competitiveness regionally and globally.

To turn offshore and deep-sea areas into new development space and a long-term growth driver, marine aquaculture will depend not only on natural advantages, but increasingly on institutional capacity, governance quality, mastery of science and technology, and business participation.

Awakening sea with high technology

Following the administrative reorganisation, the central province of Khanh Hoa has a vast marine area, with nearly 500km of coastline and bays such as Nha Trang, Cam Ranh and Van Phong, offering major advantages in tourism, fisheries, seaports and marine science and technology.

To promote modern marine aquaculture and a strong marine economy, the Khanh Hoa provincial People’s Council recently approved nearly 60 billion VND (2.31 million USD) in support to help local residents replace outdated marine farming cages with high-tech systems.

As a pioneer in AI-powered automation for aquaculture, including automated feeding systems and net-washing robots, STP Group has worked with Phat Co Fisheries Cooperative to develop an aquaculture farm combined with experiential tourism in Quang Ninh city.

Nguyen Thi Hai Binh, General Director of STP Group, said the company is researching and applying science and technology solutions to develop sustainable marine aquaculture while protecting the environment.

Marine aquaculture should be developed within a “multi-layered” marine space and closely linked with science and technology, she said. This approach creates multiple layers of value within the same marine space, from aquaculture and ecotourism to scientific research, environmental education and sustainable livelihoods.

When properly planned and organised, a marine area can generate multiple layers of value within the same space.

The success of modern barramundi farming systems in Van Phong or the aquaculture and tourism farm on Phat Co Island could serve as models for the future development of Vietnam’s marine aquaculture sector.

Unlocking institutional resources

A review of the implementation of the 2015 Law on Marine and Island Resources and Environment showed that many provisions have proved effective in integrated management of marine and island resources and environmental protection. However, as the country enters a new development phase with greater demands for stronger marine-economy growth, institutional bottlenecks have emerged and need to be addressed.

vnanet-khanhhoa.jpg
Farming fish in HDPE cages at Dam Bay, Khanh Hoa (Photo: VNA)

On August 7, 2026, the Government issued Resolution No. 218/NQ-CP on the action programme to implement Resolution No. 20-NQ/TW on building and developing Vietnam into a strong maritime nation. The programme identifies nine breakthrough groups of tasks for 2026-2030, with a vision to 2045, providing a basis for ministries, sectors and localities to formulate implementation plans.

Associate Professor and Dr Nguyen Huu Dung, Chairman of the Vietnam Marine Aquaculture Association, said that as room for land-based aquaculture continues to shrink, the ocean is the “last field” available to create new growth momentum.

However, Vietnam’s marine aquaculture potential has yet to be fully harnessed, he said. Bottlenecks lie not only in cage technology but also in production organisation. Policies on allocation of marine areas need to become clearer and more stable.

Residents, cooperatives and businesses need a solid, long-term legal basis to invest in modern farming cages, monitoring systems, seed, feed and logistics services. As offshore aquaculture requires substantial investment and faces considerable risks from natural disasters, long-term credit and marine aquaculture insurance are particularly important.

Resolution No. 218/NQ-CP identifies nine breakthrough groups of tasks for 2026-2030, with a vision to 2045. Among them, institutional improvement and reform of national marine spatial planning are identified as foundations for breakthroughs in developing Vietnam into a strong maritime nation.

The Vietnam Agency of Seas and Islands is currently tasked with leading the drafting of amendments to the Law on Marine and Island Resources and Environment, with the aim of institutionalising the major orientations set out in Resolution No. 20-NQ/TW.

Nguyen Quoc Toan, Director of the agency, said the sea is not merely a place for resource exploitation but also a strategic development space for the nation and therefore needs to be managed in a unified, modern and sustainable manner.

New policies will have positive impacts on most marine economic sectors, particularly those requiring stable, long-term access to marine space and involving large-scale investment, such as industrial marine aquaculture./.

VNA

See more

The MoU signing ceremony between the gency for Domestic Market Surveillance and Development and Procter & Gamble (P&G). (Photo: Ministry of Industry and Trade)

Vietnam steps up fight against counterfeits, IP violations

The renewed memorandum between Vietnam's domestic market surveillance force and Procter & Gamble (P&G) is expected to build on the results achieved since 2023, strengthen IP enforcement, safeguard the legitimate rights and interests of businesses and consumers, and contribute to a more transparent and fair business environment.

A Jatropha cultivation area of Star Japan Co., Ltd in My Son commune, Khanh Hoa province (Photo of Star Japan Co., Ltd)

Vietnam – a potential regional supply hub for Jatropha seed oil

Japan’s research on non-edible oil feedstocks showed that Jatropha is highly drought-tolerant and could grow well on wasteland, eroded sandy land and infertile soil. Given this, areas in central Vietnam, including Ninh Thuan, Binh Thuan and the Central Highlands, have climatic, sunlight and soil conditions suitable for achieving high seed yields and oil content.

Officials launch the Expo Platform on September 29. It will be officially put into use on October 20, two days before the opening of HCMC Export 2026. (Photo: VNA)

Technology opens new routes for Vietnamese exports

As global markets impose increasingly stringent requirements on standards, traceability, sustainability and green transformation, digitalising product data and bringing buyers closer to production sites can help Vietnamese businesses demonstrate their capabilities and meet market-specific requirements.

Phuong Dinh Anh, Deputy Chief of the Office of the Central Coordination Office for the National Target Programme, speaks at the event.( VNA)

Turning OCOP products into rural tourism experiences

Experts stressed that rural tourism can develop sustainably only when local communities actively participate and benefit from it. Investment in transport, accommodation and attractions must go hand in hand with clean water, waste treatment, hygiene, traditional craft preservation and environmental protection.

Prime Minister Le Minh Hung and his Cambodian counterpart Hun Manet witness the exchange of cooperation agreements between businesses of the two countries (Photo: VNA)

Vietnam, Cambodia look to elevate economic links

Prime Minister Le Minh Hung said that economic, trade and investment cooperation constitutes an important pillar of bilateral ties, which has achieved positive results. However, considerable room remains for further expansion to match the strong political ties and the potential of both countries.

An overview of the meeting (Photo: chinhphu.vn)

Deputy PM calls for tighter price management of essential goods

Deputy PM Thang, who is also head of the committee, urged ministries and agencies to coordinate closely to deliver effective fiscal and macroeconomic policies. The aim is to control inflation, stabilise the macroeconomy, ensure major economic balances, create room to support growth and bolster the economy’s resilience to external shocks.

 Khanh Binh International Land Border Gate in An Giang province.( Photo: VNA)

Vietnam-Cambodia trade gathers pace towards 20 billion USD target

After setting a record of more than 11.3 billion USD in 2025, bilateral trade reached about 8.7 billion USD in the first eight months of 2026, up 8.3% year on year. Vietnam is currently Cambodia’s third-largest trading partner, its second-largest source of imports and second-largest export market.

Vietnamese Ambassador to India Trinh Minh Manh discusses potential areas and strengths for cooperation between Vietnam and India’s Gujarat state. (Photo: VNA)

Vietnam, India’s Gujarat state seek to unlock cooperation potential

Vietnam attaches importance to strengthening cooperation with Indian states boasting strong economic potential, including Gujarat, to further advance the two countries’ Enhanced Comprehensive Strategic Partnership, particularly in the economy, trade and investment, said Ambassador Trinh Minh Manh.

At Nestlé Vietnam factory in Hung Yen province (Photo: VNA)

Vietnam seeks to build stronger ecosystem for FDI

The World Bank has stressed the need to connect global companies with domestic suppliers, improve the business climate and develop supply-chain finance solutions. Those steps will let domestic firms gradually meet requirements on quality, technology, costs and delivery times, and position them to become suppliers to multinational corporations.

Construction of technical infrastructure facilities serving APEC 2027 in Phu Quoc Special Zone, An Giang province. (Illustrative photo: VNA)

Vietnam enters investment grade credit rating category for first time

Vietnam has maintained robust growth, outperforming other Southeast Asian economies. Its ongoing government reforms aimed at streamlining the state apparatus, promoting the private sector, improving the institutional framework and developing capital markets will strengthen the country’s growth potential and economic resilience.