Vietnam charts new course for maritime industrial ecosystem
In a significant move, Party General Secretary and State President To Lam recently issued Notice No.125-TB/VPTW on July 18, unveiling a new approach to the development of Vietnam’s maritime industry. The directive aims to establish a comprehensive maritime industrial ecosystem, enhance national self-reliance, and propel the country towards becoming a formidable maritime power.
Turning Point for Vietnam’s Maritime Industry
Director General of the Vietnam Maritime and Waterway Administration, Le Do Muoi, expressed his enthusiasm following the instructions from the Ministry of Construction (MoC) to explore the implementation of the conclusion set by Party General Secretary To Lam. Muoi described this development as a pivotal moment, ushering in a new chapter for Vietnam’s maritime sector.
Strategic Plan for Maritime Growth
The Vietnam Maritime and Waterway Administration, under the MoC’s guidance, has been tasked with spearheading a scheme to bolster the capabilities of domestic shipbuilding enterprises until 2030, with a forward-looking vision stretching to 2050. This initiative is anticipated to lay the groundwork for a comprehensive review and update of existing strategies in alignment with the fresh direction charted for the national maritime industry.
The implementation of Notice 125 signifies a landmark shift as it elevates the maritime industry to the status of a national strategic priority for the first time. Emphasizing shipbuilding as a key pillar, the directive underscores the industry’s role in supporting economic advancement, fortifying national defense and security, and enhancing logistical and supply chain resilience.
The directive also underscores the need to foster the shipbuilding industry within an integrated maritime ecosystem, encompassing various elements such as oceangoing vessels, inland waterway craft, seaports, logistics, supporting industries, technical services, training, research, ship registration, finance, and insurance. This holistic approach aims to create a robust value chain, ensuring market stability and bolstering industry efficiency.
As Vietnam sets its sights on the future, the drafted scheme envisions the country accounting for 0.8–0.9% of global shipbuilding output by 2030, meeting domestic demands for vessel construction and replacement while progressively enhancing production capacity. Looking ahead to 2050, the goal is to raise Vietnam’s share of global shipbuilding output to approximately 2%, alongside increasing the localization rate to over 50%.
In conclusion, the focus now shifts towards aligning the scheme with the vision of establishing a comprehensive national maritime industrial ecosystem. This entails integrating various sectors such as seaports, shipping fleets, logistics, supporting industries, and emerging marine economic segments to enhance competitiveness, quality, and efficiency within the industry. The journey towards a robust maritime sector in Vietnam is no longer confined to shipbuilding alone but extends to the creation of a flourishing maritime industrial landscape. such as “New Marine Technology Unveiled” or “Impact on Naval Architecture”).
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