An Overview of Sustainable Ocean Resources for Socio-economic Development in Vietnam

Abstract

Vietnam is one of the nation with long coastal with many valuable resources, which is the basis for the economy development from the ocean-based activities. This paper outlined the main maritime resources and their contribution to the socio-economic development in Vietnam. The raw data was collected from the readable sources such as General Statistics Office of Vietnam, Vietnam meteorological and meteorological data center…. as well as from the practical investigation. This raw data was processed and analyzed in order to have a general view on the majority marine resources in Vietnam. The results showed that there were 5 main resources (oil, fisheries, natural hydrate, green energy, and tourism) from the ocean, which significantly contribute to the economy development of Vietnam. The highest contribution of the oil value to the GDP was witnessed in 2011 with 26.6% of the GDP. While the value of the fisheries and tourism increased every year, the natural hydrate and energy from the ocean are still young areas, however, they come one step closer to the exploitation, which can greatly contribute to the Vietnam economy growth. With these valuable resources from the sea, Vietnam need to have reasonable policies and strategies for the management, exploitation, and export in order to able to effectively use of these resources for the sustainable economy development.

Keywords: Ocean resources, sustainable development, fisheries, crude oil exploitation

DOI: 10.7176/JRDM/69-05

Publication date:September 30^th 2020