Khanh Hoa builds solutions for double-digit growth

Motivation from key projects

Khanh Hoa is urging the implementation of a series of key projects after the merger. Currently, the Department of Finance and the Cam Lam New Urban Area Joint Venture are urgently completing procedures to soon implement the Cam Lam New Urban Area Project after the results of the investor selection are available.

Meanwhile, the joint venture of investors (Ha Long Sun Company Limited and Asean Ha Long Tourism Joint Stock Company) is also speeding up procedures to implement the Nha Trang City Mixed Urban Area Project (old).

Mr. Chau Ngo Anh Nhan, Director of Khanh Hoa Department of Finance, said that on August 19, this project started phase I. Along with that, the Cam Ranh Bay Urban Area Project has completed procedures and had its detailed planning approved. The consortium of investors is actively completing site clearance and preparing to start construction.

Notably, the KN Paradise Resort and Entertainment Complex Project has been granted a construction permit and is currently more than 85% complete with technical infrastructure. As of June 2025, the project has disbursed about VND 25,000 billion, reaching 50% of the plan. Of which, the 27-hole golf course and 14 related works have been completed, qualified for sports business and are expected to be put into operation in 2029. For the urban area project, the progress is about 57%, while the technical and social infrastructure projects are about 30%.

Solutions to promote growth

According to Mr. Nhan, in the last months of 2025, Khanh Hoa will focus on a number of key tasks to complete the GRDP growth target in 2025 and prepare for double-digit growth from 2026.

Specifically, the province will review and adjust the Khanh Hoa Provincial Planning for the 2021-2030 period, with a vision to 2050, to ensure compliance with boundaries, space and development strategy; at the same time, maximize the potential of each region to create momentum for rapid and sustainable development.

Regarding industry, Khanh Hoa focuses on attracting high-tech, manufacturing, and supporting industries; promoting the filling of industrial parks and clusters. It is expected to complete site clearance to start construction of Doc Da Trang Industrial Park (288 hectares), Ca Na Industrial Park (378 hectares); at the same time, speeding up the selection of investors for Ninh Xuan Industrial Park (1,000 hectares).

Regarding energy, the province will focus resources on site clearance in 2025 to implement the construction of a nuclear power plant; continue to promote the Bac Ai pumped storage hydropower projects (1,200 MW), Phuoc Hoa (1,200 MW); and complete the selection of investors for the Ca Na LNG project (1,500 MW).

“We are accelerating the coverage of urban and construction planning to attract investment; vigorously implementing urban area projects and non-budget projects; and thoroughly handling backlog projects to free up resources. At the same time, the province is determined to accelerate the disbursement of public investment capital, remove bottlenecks in site clearance, and strive to achieve a disbursement rate of 100% in 2025,” emphasized Mr. Chau Ngo Anh Nhan.

Source: https://baodautu.vn/khanh-hoa-xay-dung-giai-phap-de-tang-truong-2-con-so-d364118.html