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Strategies for Maritime Development: A case in Vietnam

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  • Xuan Phuong Nguyen
  • Phuoc Quy Phong Nguyen

Abstract

Strategic assessors of the 21st century are "The Century of the Ocean," because, along with current economic and demographic growth, natural resources, especially non-renewable resources on land, will be exhausted after several decades. The world economy is increasingly dependent on the sea and the ocean. About 70% of the world's industrial potential is in the 500km wide area of ??the coast. The mineral, biological and marine resources of the oceans and oceans have an important implication for the world economy. Marine ecosystems are the most important resource with hundreds of thousands of animals, plants, and microorganisms. Sea is a diversified and abundant source of seafood, chemicals, salt, oil and gas, clean energy from the sea and oceans, wind, seawater, ocean currents, and the tide is being exploited for transportation, energy and countless other human benefits. The sea and the continental shelf are waterways that can develop tourism, sightseeing and recreation activities. The role of marine economics, including maritime economics, has become increasingly important and has been identified as a key sector for investment. This paper analyzes the advantages, limitations, and causes in maritime economic development, and draws on experiences to develop the maritime economy.

Suggested Citation

  • Xuan Phuong Nguyen & Phuoc Quy Phong Nguyen, 2018. "Strategies for Maritime Development: A case in Vietnam," European Journal of Engineering and Technology Research, European Open Science, vol. 3(12), pages 14-19, December.
    • Handle: RePEc:epw:ejeng0:v:3:y:2018:i:12:id:60986
    DOI: 10.24018/ejeng.2018.3.12.986
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    References listed on IDEAS

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