A breakthrough in industrial development.

Strategically located in the South Central region, Khanh Hoa is taking strong steps to make industry the main pillar of its growth. By unlocking resources in the Van Phong Economic Zone and aggressively developing new industrial parks, Khanh Hoa aims not only for double-digit growth but also to position itself as a modern, green, and sustainable growth hub on the national economic map.

A boost for development

In 2025, the province's investment attraction will undergo a significant transformation. The most important highlight is the event on December 31, 2025, when the Provincial People's Committee granted investment approval for three industrial park projects: Ninh Xuan 1, Ninh Xuan 2, and Ninh Diem 1, with a total investment of nearly 11,500 billion VND, covering an area of ​​over 1,200 hectares. These are industrial park infrastructure projects expected to form a modern and integrated industrial system in the northern part of Khanh Hoa province. Among them, the Ninh Xuan 1 Industrial Park project, invested by the Industrial Development and Investment Corporation - JSC (Becamex IDC), has a total investment of over 4,600 billion VND and a scale of nearly 500 hectares (in Tan Dinh and Tay Ninh Hoa communes). The Ninh Xuan 2 Industrial Park project is invested by the Vietnam-Singapore Industrial Park Joint Venture Company Limited, with a total capital of over 4,000 billion VND and a scale of approximately 490 hectares (Tan Dinh commune and Tay Ninh Hoa commune). The Ninh Diem 1 Industrial Park project is invested by Ninh Khanh Land Development Joint Stock Company (a subsidiary of Shinec Joint Stock Company), with a total capital of over 2,800 billion VND and a scale of over 240 hectares.

A view of Tan Dinh commune - where the Ninh Xuan 1 and Ninh Xuan 2 industrial zones will be built.

Comrade Tran Phong - Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee - affirmed: “The Ninh Xuan 1, Ninh Xuan 2, and Ninh Diem 1 industrial park projects go beyond mere infrastructure investment, possessing a long-term vision in forming a modern, green, and sustainable industrial ecosystem. The province is not only expanding development space and creating large-scale land reserves to attract secondary projects, but also aiming to create stable jobs for workers, increase budget revenue, and promote economic restructuring. This is a crucial foundation for Khanh Hoa to soon become a centrally-governed city. With the spirit of a proactive and collaborative government, the province considers the success of businesses as the success of the province.”

Working together to achieve double-digit growth.

Currently, the province has 5 industrial parks with completed infrastructure investment and operating effectively, of which Suoi Dau and Thanh Hai industrial parks have achieved a 100% occupancy rate. By 2025, the revenue of Van Phong Economic Zone and other industrial parks is estimated to reach over 2.3 billion USD (a 6% increase compared to 2024), exports are estimated at nearly 1,300 million USD (a 5% increase), and budget contributions are estimated at 3,000 billion VND (a 28% increase); creating jobs for nearly 37,000 workers (an 18.7% increase compared to 2024). These are encouraging figures, but there is still a considerable gap compared to expectations. To make industry the main pillar in the decade of double-digit growth, the province is developing a roadmap for industrial development based on science , technology, and digital transformation. The province prioritizes attracting investment in modern sectors such as digital technology, artificial intelligence (AI), semiconductors, and processing and manufacturing industries.

A view of southern Vân Phong.

Mr. Truong Van Tien, Director of the Investment, Trade and Tourism Promotion Center, stated: “In the period 2026-2030, we have identified industry as the main driving force for growth, aiming for rapid but sustainable development, increasing revenue and creating jobs. With its strategic location and synchronized infrastructure, Khanh Hoa is focusing on attracting investment into key industrial parks including Ninh Xuan, Ninh Diem, Ca Na, and Cam Ranh. Our goal is to build a modern industrial ecosystem, enhance competitiveness to strongly attract capital from major markets such as South Korea, Japan, Singapore, China, and Taiwan (China). Science and technology play a key role in helping Khanh Hoa become an innovation center in the South Central region.”

Mr. Pham Hong Diep, Chairman of Shinec Joint Stock Company, stated: “To ensure the rapid development of Van Phong Economic Zone and other industrial parks, and to make a positive contribution to the province's growth, Khanh Hoa needs to pay special attention to training high-quality labor resources to meet the needs of modern industries. At the same time, it is necessary to focus on investing in infrastructure such as roads, electricity, and water directly connecting to the economic zone. To ensure resources, the province can consider mobilizing capital from the private sector to implement these projects.”

With an industrial production index projected to increase by 7% in 2025 compared to 2024 and the aspiration to achieve a per capita GRDP of 220 million VND by 2030, Khanh Hoa is firmly on its path to becoming a new growth pole for the country. The multi-billion dollar industrial projects in Van Phong and other industrial parks in the province today are not only significant in terms of statistics, but also represent the realization of a sustainable vision for the future.

DINH LAM

Source: https://baokhanhhoa.vn/kinh-te/cong-nghiep-nang-luong/202601/buoc-dot-pha-trong-phat-trien-cong-nghiep-6f5404d/