The southern province of Kien Giang has grown by an average of 11.4percent over the past five years, with marine-based economy making up75.6 percent of its gross domestic product.
Since2011, Kien Giang has invested 111 trillion VND (5.2 billion USD) in itsmarine-based economy, 30 percent of which was sourced from the statebudget and 5 percent from foreign investment.
Theprovince has upgraded its transport and irrigational infrastructure,including fishing ports, storm-proof docks, industrial complexes, andtourism facilities, among others, said Deputy Chairman of the provincialPeople’s Committee Le Khac Ghi at a March 4 meeting reviewing the2011-2015 marine economy development.
It has thusfar attracted 312 projects in coastal areas worth over 138 trillion VND(6.5 billion USD), including 98 currently operational projects, such asthe Vinpearl Phu Quoc eco-tourism complex, Trung Son seafood processingfactory, and Metro Cash & Carry Vietnam.
Over 9trillion VND (428 million USD) has been channelled into socio-economicinfrastructure in coastal areas and islands, including seaports in PhuQuoc, Ha Tien and An Minh districts, the first stage of the Phu Quocinternational seaport, an 11-kilovolt submarine power cable linking HaTien with Phu Quoc, and a number of power facilities in island communes.
The coastal industrial parks Thach Loc (Chau Thanhdistrict) and Thuan Yen (Ha Tien district) have lured dozens ofproduction and processing projects.
The tourismsector attracted 242 investors with over 1.8 trillion VND (80 millionUSD) in capital, mostly in Phu Quoc island.
Theprovince developed a fleet of over 4,600 offshore fishing vessels,weaning its reliance on coastal fishing. The total output of sea catchand aquaculture averages over 600,000 tonnes annually.
Looking forward, the province will seek government funding to work on a200-plus kilometre system of embankments, roads and protective forestsalong the coastline in response to climate change.
It will also request additional assistance in adopting technologicaladvances in sustainable aquaculture development while offering Stateincentives to attract investors.-VNA
Since2011, Kien Giang has invested 111 trillion VND (5.2 billion USD) in itsmarine-based economy, 30 percent of which was sourced from the statebudget and 5 percent from foreign investment.
Theprovince has upgraded its transport and irrigational infrastructure,including fishing ports, storm-proof docks, industrial complexes, andtourism facilities, among others, said Deputy Chairman of the provincialPeople’s Committee Le Khac Ghi at a March 4 meeting reviewing the2011-2015 marine economy development.
It has thusfar attracted 312 projects in coastal areas worth over 138 trillion VND(6.5 billion USD), including 98 currently operational projects, such asthe Vinpearl Phu Quoc eco-tourism complex, Trung Son seafood processingfactory, and Metro Cash & Carry Vietnam.
Over 9trillion VND (428 million USD) has been channelled into socio-economicinfrastructure in coastal areas and islands, including seaports in PhuQuoc, Ha Tien and An Minh districts, the first stage of the Phu Quocinternational seaport, an 11-kilovolt submarine power cable linking HaTien with Phu Quoc, and a number of power facilities in island communes.
The coastal industrial parks Thach Loc (Chau Thanhdistrict) and Thuan Yen (Ha Tien district) have lured dozens ofproduction and processing projects.
The tourismsector attracted 242 investors with over 1.8 trillion VND (80 millionUSD) in capital, mostly in Phu Quoc island.
Theprovince developed a fleet of over 4,600 offshore fishing vessels,weaning its reliance on coastal fishing. The total output of sea catchand aquaculture averages over 600,000 tonnes annually.
Looking forward, the province will seek government funding to work on a200-plus kilometre system of embankments, roads and protective forestsalong the coastline in response to climate change.
It will also request additional assistance in adopting technologicaladvances in sustainable aquaculture development while offering Stateincentives to attract investors.-VNA
