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Is Green Growth Possible in Vietnam? The Case of Marine Capture Fisheries

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Listed:
  • Thanh Viet Nguyen

    (University of Economics and Business (UEB), Vietnam National University (VNU)
    Hanoi University of Natural Resources and Environment (HUNRE))

  • Manh Hung Nguyen

    (Toulouse School of Economics, INRA, University of Toulouse Capitole
    University of Economics and Law (UEL))

  • Quang Van

    (Institute of Research in Economics, Environment and Data Science (IREEDS)
    Rouen University)

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.

Suggested Citation

  • Thanh Viet Nguyen & Manh Hung Nguyen & Quang Van, 2018. "Is Green Growth Possible in Vietnam? The Case of Marine Capture Fisheries," Biophysical Economics and Resource Quality, Springer, vol. 3(3), pages 1-10, September.
    • Handle: RePEc:spr:bioerq:v:3:y:2018:i:3:d:10.1007_s41247-018-0044-5
    DOI: 10.1007/s41247-018-0044-5
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    References listed on IDEAS

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    1. Nielsen, Max & Ravensbeck, Lars & Nielsen, Rasmus, 2014. "Green growth in fisheries," Marine Policy, Elsevier, vol. 46(C), pages 43-52.
    2. Adrianto, Luky & Matsuda, Yoshiaki & Sakuma, Yoshiaki, 2005. "Assessing local sustainability of fisheries system: a multi-criteria participatory approach with the case of Yoron Island, Kagoshima prefecture, Japan," Marine Policy, Elsevier, vol. 29(1), pages 9-23, January.
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    4. Stéphane Hallegatte, 2012. "From Growth to Green Growth," Review of Environment, Energy and Economics - Re3, Fondazione Eni Enrico Mattei, August.
    5. Pomeroy, Robert & Thi Nguyen, Kim Anh & Thong, Ha Xuan, 2009. "Small-scale marine fisheries policy in Vietnam," Marine Policy, Elsevier, vol. 33(2), pages 419-428, March.
    6. Pascoe, Sean & Hutton, Trevor & Hoshino, Eriko, 2018. "Offsetting Externalities in Estimating MEY in Multispecies Fisheries," Ecological Economics, Elsevier, vol. 146(C), pages 304-311.
    7. Claire W. Armstrong & Viktoria Kahui & Godwin K. Vondolia & Margrethe Aanesen & Mikołaj Czajkowski, 2017. "Use and Non-Use Values in an Applied Bioeconomic Model of Fisheries and Habitat Connections," Marine Resource Economics, University of Chicago Press, vol. 32(4), pages 351-369.
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