Kien Giang province seeks to develop sea-based economy

With 200 kilometers of coastline and 143 islands, the Mekong Delta province of Kien Giang holds great potential to develop a marine economy.
Kien Giang province seeks to develop sea-based economy ảnh 1An Thoi Port in Phu Quoc Island (Photo: VNA)

Kien Giang (VNA) – With 200 kilometers of coastline and 143 islands, the Mekong Delta province of Kien Giang holds great potential to develop a marine economy.

Proper investment was poured into seafood, tourism, marine transport, fishing services, and the seafood processing industry, thus helping the province rank 3rd in the delta in terms of maritime economic development.

The sea-based economic sector contributed to over 75 percent of the local gross domestic product (GDP) in 2015. The GDP per capita in the year doubled that of 2010 to reach around 3,000 USD.

As of 2015, the province drew over 300 investment projects into coastal and island regions, with a total registered capital of over 138 trillion VND (6.21 billion USD).

A number of projects were put into operation such as the Vinpearl Phu Quoc eco-tourism resort, Phu Quoc international airport, Bai Vong port, An Thoi international port, and waterway transport systems.

The province also launched new tours and international flights linking Phu Quoc island, which was approved to become a hi-end eco-tourism resort centre in the region and beyond, with foreign countries such as Russia, Singapore, Cambodia, China and the Republic of Korea.

In 2015, the tourism sector greeted 4.3 million visitors, up 50 percent against 2010.

The locality also focused on diversifying aquatic products. Its 23 aquactic processing plants were able to produce over 165,000 tonnes of products per year between 2011 and 2015.

The seafood export turnover in 2015 was valued at 137 million USD, up 20 million USD over 2010.

Despites achievements, Kien Giang needs to outline proper policies to further develop the marine economy. The current application of one common policy in the field has made it difficult to build a marine tourism environment.

In addition to setting up off-shore fishing groups, the province signed agreements with foreign partners to expand fishing grounds.

According to Vice Chairman of the provincial People’s Committee Mai Anh Nhin, the province will improve off-shore fishing activities over time.

The province will also devise more support policies for fishermen and call for investment in fishing logistics services at island communes to reduce transport costs.-VNA

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.