Ninh Thuan Develops Sustainable Marine Economic Development Strategy | Business

The Ca Na seaport project underway in Ninh Thuan (Photo: VNA)

Ninh Thuan (VNA) – The south-central province of Ninh Thuan enjoys favorable conditions to attract investment in the maritime economy and coastal industriesbecause it is one of the main Fishing grounds with a coastline that stretches for 105 km.

Chairman of the Provincial People’s Committee Tran Quoc Nam said that through specialized mechanisms and policies, Ninh Thuan has attracted the attention of strategic investors, especially for coastal areas.

To create momentum for growth, Ninh Thuan took the initiative to draw up an energy development plan for 2016-25, with a reflection until 2035, and joined with ministries and sectors to add new fields. benefits to national planning, in particular coastal and offshore wind power. electricity, deep sea ports and logistics, with the aim of calling for investments.

Local authorities have placed offshore industries among the priorities to develop the marine economy. They have made efforts to attract investment in large-scale industrial projects applying advanced technologies.

By the end of 2021, Ninh Thuan had granted investment licenses to 47 marine industrial projects with a combined registered capital of over VND 2 trillion (USD 87.65 million). To date, 25 projects worth VND 651 billion have been commissioned.

The province is also calling for infrastructure investment in coastal industrial parks in line with the establishment and development of an ocean economic hub, especially in the southern key economic zone.

It endeavored to capitalize on the assets of the development of fishing and to carry out a project of reorganization of the activities of exploitation.

It should be noted that the province has become a center of shrimp farming in the country, meeting more than 30% of national demand every year and successfully building its brand.

Ninh Thuan develops a sustainable marine economic development strategy hinh anh 2Vinh Hy Bay in Vinh Hai Commune has huge potential for tourism development (Photo:

It issued a tourism development mechanism and promoted tourism investment in coastal localities. By the end of 2021, 23 projects totaling more than VND 16 trillion had received approval from the Provincial People’s Committee, which hopes to build a coastal tourism brand for the province.

Ninh Thuan has set a target to achieve a maritime economic growth rate of 15-16% per year by 2025, with sea-based economic sectors accounting for 41-42% of the province’s gross domestic product, and to mobilize up to 62 trillion VND for investment in the maritime economy.

To achieve this objective, priorities will be given to the fields of energy, renewable energies; Urban development;; coastal tourism and maritime services, among others.

The province will accelerate the first phase of the 1,500 MW Ca Na liquefied natural gas (LNG) complex project and move towards establishing the 6,000 MW Ca Na power center in the coming years.

It aims to welcome 3.5 million tourists by 2025, 13% of them foreigners, bringing in around VND 2.9 trillion./.

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