Billions of dollars of investment in coastal economic development - Uong Bi is facing a once-in-a-lifetime opportunity

With a strategic vision in 2045, Vietnam clearly identifies the goal of developing the marine economy as the focus, so that coastal and neighboring cities like Uong Bi (Quang Ninh) face unprecedented opportunities.

Concentrate all efforts on developing key coastal economic zones

The Political Report of the 13th National Party Congress sets forth the need to continue "Implement well the strategy for sustainable development of the marine economy", on the basis of "Promoting development and improving the efficiency of marine industries". Marine economics." According to the orientation, there will be 6 marine economic sectors identified in order of priority: (1) Tourism and marine services; (2) Maritime economy; (3) Exploiting oil and gas and other marine mineral resources; (4) Aquaculture and fishing; (5) Coastal industry; (6) Renewable energy and new marine economic sectors.

In particular, the coastal economic zone of Quang Ninh - Hai Phong and the North will focus on developing high-tech industry and port and industrial service zones. This will be a key spearhead to attract billions of dollars of domestic and foreign economic groups to develop the economy, tourism, services, promote trade and production development.

According to Brand Finance (UK), a firm specializing in international brand valuation, in 2020, Vietnam's national brand value will reach 319 billion USD, up 29% compared to 2019 - the fastest increase in the world. As a result, Vietnam's brand value has increased nine places over the same period and ranked 33rd in the world. This is the basis for affirming the potential for coastal economic development in attracting investment from world economies to Vietnam as well as other coastal cities.

Uong Bi welcomes the key development of the Northern coastal economic zone

Quang Yen - Uong Bi coastal economic zone will be built and developed into a multi-sectoral coastal economic zone in the period of 2020 - 2035, forming an industrial, service, port logistics and modern urban center through of Quang Ninh province and the Red River Delta region.