Soc Trang province’s marine economic development: Potential, challenges and solutions

Marine economic development is a major policy of the Communist Party of Vietnam and the Government of Vietnam. In recent years, marine economic development has received deep attention throughout the country, especially in coastal localities. Soc Trang is one of Vietnam’s 28 coastal provinces. With a 72-kilometer coastline, accounting for 2.21% of the country’s coastline, Soc Trang province has great potential for developing marine economic sectors. However, these potentials have only been initially exploited with limited results. This paper analyzes the potential and challenges of marine economic development in Soc Trang province. Based on the paper’s findings, some specific and breakthrough solutions are proposed to help Soc Trang province develop its marine economy effectively.