Central region breaks through potential, raises position

After merging with Ninh Thuan province on July 1, 2025, Khanh Hoa province has great potential for development, aiming to become a centrally-run city by 2030.

Accelerating investment attraction

After the merger, the Central provinces have turned challenges into opportunities, made the most of new space, and achieved many successes in attracting investment.

The event of Lam Dong province granting investment policy decisions and investment registration certificates to 9 enterprises, with a total investment capital of more than 35,000 billion VND recently, is considered an opening step, "stirring up" the province 's economy after the merger. The projects approved for investment policy are aimed at many fields such as tourism, agriculture, real estate...

At the same time, Lam Dong province signed a memorandum of understanding on investment cooperation with 12 large enterprises in many fields such as digital transformation, tourism, services; real estate, urban areas, high-tech agriculture , construction, renewable energy, bauxite, etc., contributing to creating a new step in attracting investment.

Currently, Lam Dong province has nearly 33,000 enterprises, more than 160,000 business households, nearly 3,000 valid projects with a total capital of over VND2 quadrillion, of which 235 projects have foreign direct investment (FDI). "These figures demonstrate the confidence of the business community and investors in Lam Dong's dynamic, transparent and potential investment environment," said Permanent Deputy Prime Minister Nguyen Hoa Binh at the Lam Dong Investment Promotion Conference 2025.

Quang Tri is also not out of the "race" to attract investment after the merger. According to the Provincial People's Committee, in the first 9 months of 2025, the socio-economic situation continued to improve. The gross regional domestic product (GRDP) at 2010 comparable prices is estimated to increase by 7.82% over the same period last year, exceeding the 9-month growth scenario. "This is an important result, affirming the efforts of the entire political system and the business community," a leader of Quang Tri province shared.

Notably, Quang Tri province's investment attraction activities have been promoted through improving transport infrastructure and economic potential of border gates and logistics. Quang Tri airport project is a specific example when phase I has started construction. Currently, the province is focusing on developing a synchronous and modern North-South and East-West transport system, including a deep-water port and 3 international border gates.

After the merger, Khanh Hoa province has great potential for development, aiming to become a centrally-run city by 2030. The expansion of administrative boundaries helps Khanh Hoa gain more potential, especially resources and advantages from Ninh Thuan, promoting key economic sectors.

In the first 9 months of 2025, Khanh Hoa achieved impressive results in attracting investment, with 17 new projects in economic zones and industrial parks, with a total registered capital of more than 76,800 billion VND. In addition, the province also attracted 62 non-budget projects with a total capital of more than 391,000 billion VND. Investment support policies and difficulties have contributed to creating a more favorable investment environment for investors.

In particular, Van Phong Economic Zone is planned to become a multi-industry, multi-functional economic zone with advantages in maritime economy, linked with international transit ports, industry, urban areas and tourism. Enjoying special mechanisms and policies from the Central Government, Van Phong Economic Zone has become a "magnet" strongly attracting investment capital of this province.

As evidence, many "huge" projects have been approved for investment and are being implemented in Van Phong Economic Zone such as Dam Mon high-end new urban area (total investment of more than 25,000 billion VND); Tu Bong high-end new urban area (more than 43,000 billion VND)...

Not stopping there, the Khanh Hoa Economic Zone and Industrial Park Management Board has just submitted to the Provincial People's Committee a list of 9 priority projects to attract investment in Van Phong Economic Zone with 4 groups of fields: urban - service - tourism; industry and clean energy; seaport - logistics, port logistics; investment in infrastructure of duty-free zones.

In addition, this agency proposed to add 14 new projects to update and complete the Investment Attraction List for the period 2025-2030 in the direction of developing Van Phong Economic Zone into a dynamic economic center of the province and the South Central region. Of which, the innovation, research and development, high technology group has 1 project; the urban - tourism - service group has 10 projects; the environmental technical infrastructure group has 3 projects. The above proposal was basically agreed by Chairman of Khanh Hoa Provincial People's Committee Nguyen Khac Toan, adding more motivation to attract investment to Van Phong Economic Zone.

Considered the economic "locomotive" of the Central region, Da Nang has made a significant change after merging with Quang Nam. As of September 20, 2025, Da Nang attracted 448.93 million USD in FDI capital, 228.72 million USD higher than the same period in 2024. Along with that, Da Nang granted 86 new projects, with a total registered capital of 251.6 million USD. This result shows Da Nang's positive recovery and ability to attract investment, especially after investment promotion efforts.

According to Vice Chairman of the People's Committee of Da Nang City Ho Ky Minh, with the orientation of attracting high-quality capital flows, the City aims to prioritize digital economic development, build smart cities and promote green growth. In the third quarter of 2025, the City organized the Free Trade Zone Investment Promotion Conference with the theme "Creating development space with Da Nang Free Trade Zone".

According to Mr. Minh, putting the Free Trade Zone into operation is not only an immediate key task, but also a strategic step, opening up new development space, creating sustainable momentum for the city's economy.

Create maximum conditions for businesses to do real work and do it quickly.

Enthusiasm, determination, and willingness to accompany businesses in production and business activities are the most noticeable things about Mr. Pham Duc An when he just took office as Chairman of the People's Committee of Da Nang City. Through visits, surveys, and direct work with investors, he has proposed many solutions to remove difficulties and create the best conditions for them to operate effectively.

Mr. An said that the economic scale of Da Nang is getting bigger and bigger, the contribution of enterprises must also be aimed at increasing according to the level of growth and economic development of the City. With the proposed growth target, the Chairman of the City People's Committee affirmed that creating conditions for enterprises with the capacity to do business and develop business is very important.

“Da Nang will focus on creating conditions for businesses to do things for real and quickly. This is the City’s number 1 priority,” Mr. An emphasized and committed that the City will accompany, listen and find ways to resolve difficulties for businesses; prioritize maximum support for businesses with real capacity, working effectively and quickly; improve the investment environment, create the most favorable conditions for businesses to operate and develop with peace of mind.

Right after Lam Dong welcomed many multi-sector projects that have just registered for investment, Mr. Ho Van Muoi, Chairman of the Provincial People's Committee, also said that the province is committed to actively improving the investment and business environment, gradually upgrading infrastructure, calling for, attracting, and creating the best conditions to welcome more and more large corporations and enterprises to survey, invest, and implement projects in the province.

The Chairman of Lam Dong Provincial People's Committee affirmed that the success of investors is the success of the province. With the motto of action "businesses need, the government is there; businesses have difficulties, the government is there", the province will continue to strongly improve the investment environment, promote administrative procedure reform, publicize information transparency and implement preferential policies and timely support mechanisms.

Not only calling for investment, but after the merger, Khanh Hoa province also proactively created an investment environment of companionship - sharing, together for sustainable development. "Khanh Hoa does not wait for opportunities, but proactively creates each opportunity, understands each investor, shares risks and together strives for success", Chairman of Khanh Hoa Provincial People's Committee Nguyen Khac Toan emphasized.

On the journey ahead, Khanh Hoa continues to take businesses as the center of service, with business satisfaction as the administrative measure. “The province is determined to transform from the mindset of 'management - inspection' to 'support - service'; from 'asking - giving' to 'accompanying - sharing', each process aims to be faster, stronger, and more suitable to keep up with the pace of development,” Mr. Toan shared.

The Chairman of Khanh Hoa Provincial People's Committee also affirmed that each enterprise is a nucleus of development, each entrepreneur is a companion in creating the future. Khanh Hoa today is opening a wide door for long-term cooperation and prosperous development. "Khanh Hoa will accompany enterprises with practical solutions - solving procedures faster, clearer, more transparent; creating the most favorable conditions for enterprises to do business with peace of mind and develop long-term", said Mr. Toan.

In addition, investment promotion work focuses on innovating content and implementation methods with focus and key points to best exploit internal resources and attract maximum external resources for investment and development.

Khanh Hoa Provincial Party Secretary Nghiem Xuan Thanh emphasized that departments, branches, sectors and localities must pay attention to removing difficulties and obstacles for businesses; proactively review and substantially reduce administrative procedures, shorten the time to process documents, and end harassment and inconvenience for businesses.

We believe that with its potential, special advantages, and strong aspirations, the Central region will become a livable, green, friendly, and affectionate land. The success of investors in this region is also the success of the locality and the country in the new era.

Source: https://baodautu.vn/mien-trung-but-pha-tiem-nang-nang-tam-vi-the-d415565.html