Le Van, Quang, Nguyen, Manh-Hung and Nguyen, Thanh-Viet (2018) Towards green growth in Vietnam: the case of marine capture fisheries. Biophysical Economics and Resource Quality, 3 (9).

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Abstract

The objective of this study is to assess sustainable development and the potential for green growth of the marine capture fisheries in Vietnam. We use “standard” bio-economic models with additional terms to correct some of ecosystem externalities and to define reference points for the fisheries. The results show that Vietnam’s marine capture fisheries are unsustainable and the fishing effort needs to be reduced about 0.35 and 0.39 of present effort in order to achieve the maximum sustainable yield and maximum economic yield, respectively. If ecosystem externalities are taken into account, the situation is even worse. The potential for green growth in the fisheries is estimated to be about 7.3 billion USD, higher than the export value for fisheries and aquaculture products in Vietnam in 2016. Green growth policies for the fisheries include public subsidies to environmentally friendly industries, reducing the “trash” fish catch and more efficient regulations more effectively enforced.