How economic policies and development impact marine fisheries: Lessons learned from a transitional economy

This article examines the impact of economic growth on Vietnam’s marine fisheries and the effectiveness of government policies in promoting sustainability. Despite impressive economic growth, environmental concerns have become urgent and require serious consideration in Vietnam. The Vietnamese government has implemented policies to reduce over-exploitation in coastal areas and improve the efficiency of offshore fishing, but unsustainable practices and illegal fishing remain significant problems. This study examines the effects of transitioning from a centrally-planned economy to a ‘socialist-oriented’ market economy on the productivity and efficiency of Vietnam’s marine fisheries. The main focus is on productivity changes, with additional consideration given to technical progress, environmental changes, and management practices. The findings shed light on the complex relationships between economic development, environmental sustainability, and marine fisheries in Vietnam. The study highlights the importance of sustainable practices and effective government policies in promoting the sustainability of the country’s marine fisheries. This article provides valuable insights for policymakers and stakeholders concerned with the sustainability of marine resources in Vietnam and beyond.