What is the current progress of key projects in Khanh Hoa?

The series of large-scale projects currently underway in Khanh Hoa, once completed and operational, will contribute to a breakthrough in industrial and urban development, increasing production and service capacity for the locality.

The KN Paradise resort and entertainment complex is a massive project in Cam Ranh, Khanh Hoa province. As of June 2025, approximately 25,000 billion VND had been disbursed for this project.

The Khanh Hoa Provincial Department of Finance has just released information on the implementation status of key projects in the province in 2025. Accordingly, the Cam Lam New Urban Area Project has received investment approval from the Prime Minister in Decision No. 622/QD-TTg dated March 25, 2025.

The People's Committee of Khanh Hoa province has approved the results of the investor selection for the Cam Lam New Urban Area project in Decision No. 1461/QD-UBND dated June 2, 2025. Accordingly, the Cam Lam New Urban Area Company Joint Venture is the selected investor to implement the project.

Currently, the Department of Finance and the Cam Lam New Urban Development Company consortium are urgently completing the procedures to soon implement the project.

The Nha Trang City Mixed-Use Urban Area Project has been approved by the People's Committee of Khanh Hoa Province through Decision No. 339/QD-UBND dated February 12, 2025, which selected the investor to implement the project. Accordingly, the joint venture of Ha Long Sun Co., Ltd. and Ha Long Asean Tourism Joint Stock Company is the winning bidder for the project.

Currently, the consortium of investors is urgently completing the procedures to soon implement the project. According to the plan, the first phase of the project is expected to commence on August 19, 2025.

The Cam Ranh Bay Coastal Urban Area Project received investment approval from the Prime Minister in Decision No. 336/QD-TTg dated April 1, 2023, covering an area of ​​1,254.14 hectares; comprising 3 sub-areas; and with a total investment capital of VND 85,293.883 billion.

Following the investor selection process, on August 8, 2023, the Provincial People's Committee issued Decision No. 1867/QD-UBND approving the consortium of Cam Ranh Investment Joint Stock Company, Vinhomes Joint Stock Company, and Vines Energy Solutions Joint Stock Company as the investor to implement the Cam Ranh Bay Coastal Urban Area Project.

To date, the project has completed all procedures and has received approval for the detailed planning of the entire investment project; the consortium of investors has carried out procedures related to construction, environment, etc., and is actively completing land clearance procedures and preparing for the project's commencement.

The KN Paradise Resort and Entertainment Complex project received approval from the Prime Minister for investment in casino business in Decision No. 1038/QD-TTg dated August 16, 2019, and approval for investment in The Lotus Cam Ranh Golf Club in Official Letter No. 1142/VPCP-NN dated February 10, 2017, from the Government Office; the Provincial People's Committee issued Investment Policy Decisions No. 2466/QD-UBND dated September 9, 2015, No. 1222/QD-UBND dated May 11, 2016, and No. 2539/QD-UBND dated August 26, 2016.

The project has been granted a construction permit and has now completed over 85% of the project's technical infrastructure. As of June 2025, approximately VND 25,000 billion has been disbursed for this project, reaching about 50%.

Regarding the 27-hole golf course and 14 related facilities, they have been completed and are eligible for sports operations, officially commencing in 2019. For the urban area, the investor has completed approximately 57% of the construction. For other infrastructure and social facilities, the investor has completed approximately 30% of the construction.

In the first six months of 2025, Khanh Hoa province attracted 61 non-budgetary investment projects with a total registered investment capital of approximately 388.9 trillion VND.

These include large-scale projects in the industrial and urban sectors that drive growth, such as: Cam Lam New Urban Area (VND 283.3 trillion); Ca Na Industrial Park (VND 3.875 trillion); Ca Na LNG Thermal Power Plant (VND 56 trillion); Mui Co - Bai Ran Complex (VND 4.2 trillion); Vung Ngan Complex (VND 2.8 trillion); Dam Mon New Urban Area (VND 25.6 trillion); Tu Bong New Urban Area (VND 43 trillion)...

At the same time, Khanh Hoa province is actively implementing procedures to approve investment policies for the Ninh Diem Industrial Park, Ninh Diem 1 Industrial Park, Ninh Xuan Industrial Park, and the expansion of the Hyundai Shipyard (phase 2).

Mr. Chau Ngo Anh Nhan, Director of the Department of Finance of Khanh Hoa province, said: “When completed and put into operation, these projects will contribute to creating a breakthrough in industrial and urban development, increasing production and service capacity, attracting labor and creating a sustainable source of budget revenue for the province, affirming Khanh Hoa's role as a growth pole in the South Central coastal region.”

Source: https://baodautu.vn/tien-do-loat-du-an-trong-diem-o-khanh-hoa-hien-ra-sao-d340647.html