Becoming a strong maritime nation will require Việt Nam to move beyond exploiting marine resources to creating greater value through innovation, sustainability and globally competitive enterprises.
Việt Nam had yet to fully capitalise on its more than 3,200 km coastline because due to the lack of a mechanism strong enough to unlock the investment inflow.
Việt Nam is seeking an overhaul of its legal framework for marine resource management in a bid to unlock new growth opportunities in the blue economy while ensuring sustainable use of marine ecosystems.