Ninh Thuan develops maritime economy

16:18 | 22/03/2017 Economy- Society

The People’s Committee of the south central coastal province of Ninh Thuan has just approved a project to develop local maritime economy by 2020 in a comprehensive and modern way.  

ninh thuan develops maritime economy
Ninh Thuan will focus its investments in key sectors such as aquatic farming and sea-based tourism (Source: VNA)

Under the plan, the locality will focus its investments in key sectors such as aquatic farming and sea-based tourism.

Chairman of the provincial People’s Committee Luu Xuan Vinh said Ninh Thuan aims to develop a legal framework and measures to mobilise resources for constructing socio-economic infrastructure, coastal urban areas, and implementing social welfare policies, vocational training, job generation and climate change adaptation.

By 2020, the sea-based economy is expected to account for 38-40 percent of the local GDP, generate 17 – 17.5 trillion VND (767.75 million USD) in production and service value, and make up 46-47 percent of the province’s total export values, according to Vinh.

The province also continues implementing the Government’s policies on support for local fishermen to work offshore and the development of high-capacity fishing vessels, while setting up offshore fishing teams to safeguard the country’s sea and islands sovereignty.

According to the provincial Department of Planning and Investment, over 10 trillion VND (438.7 million USD) has been mobilised from 2011 – 2016 for maritime economic development. Maritime economic sectors contributed 25.2 percent of the province’s GDP and created jobs for over 41,000 labourers. The province has 2,754 vessels with a combined capacity of 299.696 CV, including 159 offshore fishing ones.

As of March, 145 fishing teams with the involvement of 885 vessel owners have been set up to support each other during their offshore work. Ninh Thuan, with over 105 kilometres of coastline, is among the nation’s major fishing grounds, offering over 60,000 tonnes of aquatic products per year for processing and exports. The province also boasts its sea-based tourism potential thanks to favourable natural condition and such beautiful beaches as Vinh Hy, Binh Tien, Ninh Chu, Ca Na. It also has huge potential for wind-power and solar-power development

Theo VNA