How is the progress of a series of key projects in Khanh Hoa?

A series of major projects being implemented in Khanh Hoa, when completed and put into operation, will contribute to creating a breakthrough in industrial and urban development, increasing production and service capacity... for the locality.

KN Paradise resort and entertainment complex is a "huge" project in Cam Ranh, Khanh Hoa province. As of June 2025, this project has disbursed about 25,000 billion VND.

Khanh Hoa Provincial Department of Finance has just informed about the implementation status of key projects of the province in 2025. Accordingly, the Cam Lam New Urban Area Project was approved by the Prime Minister in Decision No. 622/QD-TTg dated March 25, 2025.

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

Currently, the Department of Finance and the Cam Lam New Urban Area Joint Venture are urgently completing procedures to soon implement the project.

The Nha Trang City Mixed-use Urban Area Project has been approved by the Khanh Hoa Provincial People's Committee in Decision No. 339/QD-UBND dated February 12, 2025, approving the results of selecting investors to implement the project. Accordingly, the consortium of Ha Long Sun Company Limited and Asean Ha Long Tourism Joint Stock Company is the winning investor to implement the project.

Currently, the Investor Consortium is urgently completing procedures to soon implement the project. As planned, the project will start phase 1 on August 19, 2025.

The Cam Ranh Bay Urban Area Project has been approved by the Prime Minister in Decision No. 336/QDTTg dated April 1, 2023 with an area of 1,254.14 hectares; 3 sub-zones and the total investment capital of the project is 85,293,883 billion VND.

Through the process of selecting investors, 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 Urban Area Project.

Up to now, the Project has completed the procedures and has approved the detailed planning for the entire investment project; The consortium of investors has carried out the procedures on construction, environment... is actively completing the procedures for site clearance... and preparing to start the project.

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

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

For the 27-hole golf course and 14 related construction items, they have been completed and qualified for sports business, and will be officially put into operation in 2019. For the urban area item, the investor has so far completed about 57% of the construction. For other items, technical infrastructure and social infrastructure, the investor has so far completed about 30% of the construction.

In the first 6 months of 2025, Khanh Hoa province attracted 61 non-budget investment projects with a total registered investment capital of about 388.9 trillion VND.

Including large-scale projects in the industrial and urban sectors that create growth momentum 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 projects of Ninh Diem Industrial Park, Ninh Diem 1, Ninh Xuan Industrial Park, and the expansion of Hyundai Shipyard Phase 2.

Mr. Chau Ngo Anh Nhan, Director of Khanh Hoa Province Department of Finance said: “When these projects are completed and put into operation, they 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 Coast region”.

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