Steering committee set up to promote sea-based economic development
Prime Minister Nguyen Xuan Phuc has issued Decision 203/QD/TTg on the establishment of a national steering committee for the implementation of the strategy for the sustainable development of the Vietnamese marine economy until 2030 with a vision until 2045.
Vietnam moves to develop the sea-based economy. (Photo: VNA)
Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc has issued Decision 203/QD/TTgon the establishment of a national steering committee for the implementation of the strategy for thesustainable development of the Vietnamese marine economy until 2030 with a visionuntil 2045.
The steering committee isheaded by the PM, while the Minister of Natural Resources and Environmentserves as its standing vice chairperson, and the Ministers of Planning andInvestment and Finance are vice chairpersons of the committee.
The committee isresponsible for studying and recommending the Prime Minister solutions tohandling important and inter-sectoral issues related to the sustainabledevelopment of the Vietnam marine economy.
It is designed to help thePrime Minister to direct coordination among competent ministries, agencies andlocal authorities in the settlement of sea-based economic development issues inthe country.
In addition, the committeeis in charge of carrying out the key programme on basic investigation ofnatural resources and environment of seas and islands until 2030.
The Ministry of Natural Resources and Environment is the standing agency of thecommittee and responsible for ensuring its smooth operation. The office of thecommittee’s standing agency locates at the Vietnam Administration of Seas andIslands./.
Vietnam has paid due attention to the development of maritime transport, which is seen as a spearheaded sector in the country’s sea development strategy.
Together with hi-tech industry and sea-based economy, the central city of Da Nang has worked to make tourism one of its spearhead economic sectors, as set by a Politburo resolution.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Vietnam moves to develop the sea-based economy. (Photo: VNA) 
