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Vietnam: 2025 maritime industry and trade development plan approved

2025 maritime industry and trade development plan approved

Minister of Industry and Trade Tran Tuan Anh has approved a plan to develop Vietnam’s maritime industry and trade to 2025, with a vision to 2035.

Accordingly, the industry will be an important economic sector of the country with high and stable growth, contributing to shifting the maritime economic structure towards industrialisation, modernisation and high-quality service and commerce.

The total average growth of industrial production value in coastal areas is aimed to reach 9.0-9.5 percent/year in 2016-2020, and between 10.5-11.0 percent/year in the period of 2021-2025.

The project defined an orientation for developing potential sectors such as coal mining and processing, oil and gas, chemicals, thermal power and renewable energy production, mechanics, metallurgy, and aquatic product processing.

Special priority will be given to the development of products with high competitiveness, those in global production chains in the fields of mechanics, electricity, chemicals.

Attention will also be paid to promoting export-import activities through international cooperation programmes, and developing modern commerce forms to expand export markets.

Logistics systems, wholesale markets of aquatic and farm products, as well as maritime transshipment and warehouse centres will be upgraded and constructed to meet the demand of internal and external goods transport.-VNA