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Economic growth creates premise for merger

In the context of the domestic and world economies facing many challenges, Khanh Hoa province still strives to overcome the halfway point of 2025 with positive results, creating a solid momentum for long-term strategic goals, especially in the process of merging with Ninh Thuan province. Although the economic development in the first 6 months of the year was not really as expected, it partly demonstrated the determination in direction and management to achieve economic development goals by the end of the year.

Báo Khánh HòaBáo Khánh Hòa29/06/2025

Maintain steady momentum

In the first 6 months of the year, under the comprehensive and close leadership of the Provincial Party Committee; the coordination and support of the National Assembly Delegation and the Provincial People's Council; the participation of the entire political system, along with the consensus and active participation of the people and the business community, the Provincial People's Committee has directed and operated all sectors in accordance with the set plan. Basic economic indicators maintained the growth rate compared to the same period last year. The total product in the province (GRDP) is estimated to increase by 7.01%; total social development investment capital increased by 15.5%; state budget revenue is estimated to reach 61.2% of the estimate, of which domestic revenue is estimated to reach 64.8% of the estimate. Total retail sales of goods and consumer service revenue is estimated to increase by 16.2%; total export turnover increased by 11% over the same period last year.

Tourism continues to have impressive growth. In the photo: Tourists at Orchid Island Tourist Area.
Tourism continues to have impressive growth. In the photo: Tourists at Orchid Island Tourist Area.

Going into each sector, the service industry continued to play a leading role in growth with an increase of 8.6%. In particular, tourism has had strong growth. Total tourism revenue in the first 6 months of the year is estimated at more than 31,031 billion VND, up 19.1%, attracting 6.2 million visitors, up 20.8% over the same period. In particular, the number of international visitors exceeded 2.6 million, up 12.3%. Other sectors also had remarkable growth. Total social development investment capital is estimated at 37,424 billion VND, up 15.5%, showing the confidence of investors in the province's business environment. State budget revenue is a bright spot, reaching 14,751.9 billion VND, up 54.9% over the same period. Notably, domestic revenue reached 13,901.9 billion VND, up 80.3%. These figures not only ensure resources for development projects, but also affirm the effectiveness of policies to attract investment and stimulate production and business in the area.

Planning work continues to receive attention and direction, striving to cover 100% of zoning, construction and urban planning in 2025. The province also focuses on reviewing and recommending the Central Government to remove and handle existing problems and obstacles related to investment projects. Tasks related to key investment projects are given attention and direction. Investment promotion activities, contacts, meetings and dialogues with foreign partners and potential investors are actively implemented.

Mr. Le Huu Hoang - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, Deputy Secretary of the Provincial Party Committee said that in the first 6 months of the year, all sectors had stable development. In particular, the high growth of tourism showed the strong attraction of Khanh Hoa sea and island tourism on the international tourism map. To achieve this result, the province has organized many large-scale trade promotion and tourism stimulus activities, creating a spillover effect, attracting a large number of domestic and foreign tourists, contributing directly to the vibrant development of related service sectors such as: Accommodation, food and beverage, transportation and shopping. In the sectors, industry alone had an increase of 1.7%. Although the increase was more modest than that of service sectors, the processing and manufacturing industry still maintained a growth rate of 6.7%, contributing to the diversification of the economic structure. Along with economic development, international cooperation, trade promotion and investment promotion are also enhanced, opening the door to integration for Khanh Hoa.

Focus on new goals

With the solid foundations built in the first 6 months of the year, Khanh Hoa is confidently setting a growth target for the whole year of 2025 of 10% - 10.5%. This not only requires efforts to maintain existing growth drivers but also requires breakthroughs in strategic areas. In particular, in the context of administrative merger with Ninh Thuan province, Khanh Hoa is demonstrating high determination to ensure stability and sustainable development for the new economic zone. To ensure harmonious development after the merger, the province is urgently reviewing and adjusting the Khanh Hoa Provincial Planning for the period 2021 - 2030, with a vision to 2050. This adjustment aims to ensure that the planning is consistent with the boundaries, development space and general development strategy of the province after the merger, optimizing new resources and potentials. At the same time, promoting production and business activities; Focusing credit on production and business sectors, priority sectors, economic growth drivers; promoting the development of processing and manufacturing industries; promoting growth of key industries of the province such as: bird's nest, seafood, shipbuilding, electricity production, sugar, garment... These efforts are not only aimed at economic growth but also an important stepping stone for Khanh Hoa to successfully implement Resolution No. 09 of the Politburo on building and developing Khanh Hoa province to 2030, with a vision to 2045, striving to become a centrally-run city by 2030, worthy of the potential and position of a major economic - tourism center of the region and the whole country.

The processing industry has maintained steady growth. In the photo: Processing bird's nests at Khanh Hoa Salanganes Nest Beverage Joint Stock Company.
The processing industry has maintained steady growth. In the photo: Processing bird's nests at Khanh Hoa Salanganes Nest Beverage Joint Stock Company.

Mr. Nguyen Tan Tuan - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, Secretary of the Provincial Party Committee requested that in the last 6 months of 2025, all levels and sectors need to make efforts to overcome all shortcomings and limitations, focus on implementing tasks and solutions to promote socio-economic development; continue to promote socio-economic development after the merger of Khanh Hoa and Ninh Thuan provinces, ensuring that all sectors and fields of the new Khanh Hoa province will develop further; focus on assessing the situation, reviewing the growth drivers of the new province after the merger to adjust the economic growth targets and scenarios for 2025 to suit the actual situation, in order to create momentum to enter the 2026 - 2030 period with the target of "double-digit" growth. Along with that, effectively organize and implement important plans approved by competent authorities in the province; Review and adjust the Khanh Hoa Provincial Planning for the period 2021 - 2030, with a vision to 2050 to be consistent with the boundaries, development space, and development strategy of the province after the merger, in conjunction with maximizing the potential and strengths of each region and area to create momentum for rapid and sustainable development; urgently complete the coverage of zoning plans, construction plans, and urban plans, as a basis for attracting investment and implementing projects in accordance with the law. At the same time, effectively organize the implementation of the 2025 public investment plan, ensuring no interruption after the arrangement, striving for the disbursement rate of public investment capital in 2025 to reach 95% or more; focus on effectively and promptly implementing social security policies, improving the material and spiritual life and health of the people...

DINH LAM

Source: https://baokhanhhoa.vn/kinh-te/202506/kinh-te-tang-truong-tao-tien-de-cho-sap-nhap-26a53a2/


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