Within the framework of support from the Global Environment Fund (GEF), the Ministry of Natural Resources and Environment, in collaboration with the United Nations Environment Programme (UNEP), has recently developed and commenced the implementation of the project “Integrating the assessment and accounting of marine and coastal natural capital into Vietnam’s development plans towards a sustainable blue marine economy in several sectors” (2024-2026). The Institute of Strategy, Policy and Resources and Environment, under the Ministry of Natural Resources and Environment, is the Project Lead. On February 28, 2025, the Institute of Strategy, Policy and Resources and Environment/Ministry of Natural Resources and Environment organized a workshop to launch the project “Integrating the assessment and accounting of marine and coastal natural capital into Vietnam’s development plans towards a sustainable blue marine economy in several sectors”. The workshop was attended by representatives from ministries/agencies, research institutes, universities, international organizations, and experts who contributed their opinions. The workshop was chaired by the Director, Assoc. Prof. Dr. Nguyen Dinh Tho. The project aims to integrate the values of natural capital and the protection of marine and coastal ecosystems into development plans and improve habitat management to support sustainable blue economy policies in Vietnam.

Vietnam possesses a significant competitive advantage in marine economic development, with a diverse marine and coastal ecosystem providing crucial services for economic growth. However, the development of marine economic sectors in recent years has raised the risk of conflicts of interest and conflicting uses of marine and coastal ecosystems.
Recognizing the importance of the marine economy to the country’s development, the Vietnamese Government approved the National Strategy for Sustainable Development of Vietnam’s Marine Economy to 2030 and Vision to 2045 (Resolution No. 36-NQ/TW dated October 22, 2018). Accordingly, the Vietnamese Government has developed and issued a Master Plan and a Five-Year Plan (Resolution No. 26/NQ-CP dated March 2020) to implement Resolution No. 36-NQ/TW of the Party. In addition, the Prime Minister also approved the Project on International Cooperation for Sustainable Development of Vietnam’s Marine Economy to 2030 (Decision No. 647/QĐ-TTg dated May 2020).

The assessment of marine and coastal natural capital is the process of identifying, measuring, and valuing marine and coastal resources in terms of economic, environmental, and social value. Applying the assessment and accounting of marine and coastal natural capital will support the development of policies related to the blue economy, contributing to the sustainable development of the marine economy in Vietnam.
Today’s kick-off workshop aims to introduce the Project’s activities and consult on the Project implementation plan. The workshop also provides an opportunity to identify opportunities for collaboration and coordination with stakeholders during the implementation process.
At this conference, I propose that delegates exchange and discuss the following topics:
With the aim of promoting the integration of assessment and accounting of marine and coastal natural capital into Vietnam’s development plans, the workshop is a good opportunity for the Institute of Strategy, Policy and Resources and Environment/Ministry of Natural Resources and Environment to receive practical feedback from delegates to successfully implement the Project’s activities.

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