Van Phong accelerates investment attraction

Van Phong Economic Zone (EZ) is showing strong signs of recovery as it continuously welcomes trillion-dollar projects. With the drastic participation of local authorities and the Van Phong EZ Management Board, this area is confident on its journey to realize the goal of becoming a dynamic economic growth pole of the province.

Focus on supporting investors

In the first 6 months of the year, the Van Phong Economic Zone Management Board has granted 6 new projects, with a total investment capital of nearly 3,000 billion VND, and adjusted the capital increase for 2 existing projects by 296.07 billion VND. Accumulated to the present time, Van Phong Economic Zone has attracted 155 investment projects (131 domestic projects and 24 foreign-invested projects), with a total registered capital of about 5.4 billion USD. Of this, the implemented capital has reached 3.3 billion USD, equivalent to 61% of the registered capital, with 106 projects already in operation.

North Van Phong area - attracting a series of trillion-dollar projects.

Along with attracting new projects, Van Phong Economic Zone Management Board pays special attention to supporting investors to complete construction and put into operation on schedule for large projects. Notably, Hon Ngang - Bai Cat Tham Marine Eco -tourism Area Project (455.23ha, total investment of about 25,253 billion VND); Co Ma New High-class Urban Area (5,900 billion VND); Doc Let Phuong Mai Tourist Area Project (area of ​​152.45ha, total investment of 4,072 billion VND) are all being actively supported for implementation.

Regarding industrial parks (IPs), the Ninh Thuy IP Infrastructure Construction and Business Investment Project (207.9ha, capital of VND 294.7 billion) has so far attracted 29 investment projects (5 foreign-invested projects and 24 domestic projects), with a total registered capital of VND 5,891.21 billion. To date, the implemented investment capital is VND 2,222.3 billion, of which 16 projects are in operation and 12 projects are under investment and construction, with an occupancy rate of about 55.5%.

As for the Doc Da Trang Industrial Park Infrastructure Investment and Construction Project (288ha, total capital of about 1,800 billion VND), the investor held a groundbreaking ceremony in April. However, the project is behind schedule in the site clearance step. The Provincial People's Committee has directed the Ninh Hoa Town People's Committee to urgently speed up the progress and complete the site clearance work soon to ensure the commencement of construction in the third quarter of 2025. The Van Phong Economic Zone Management Board is also actively coordinating with localities to speed up the site clearance process, helping investors implement projects as committed.

Strengthening investment promotion

In addition to supporting investors, in recent times, the Van Phong Economic Zone Management Board has also actively promoted investment in many aspects. The Management Board has welcomed and worked with businesses to research and learn about investment in Van Phong Economic Zone in many fields. Among them, there are large corporations such as: Sonadezi Corporation, Hoa Sen Group Joint Stock Company, Shinec Joint Stock Company, Indel Investment and Development Joint Stock Company...

International promotion activities were also promoted. In February, the board's leaders attended a meeting with subcontractors of the Korean HD Hyundai Group. In April, the organizing committee sent a delegation from Ulsan City (Korea) to conduct a field survey in the southern Van Phong area. Notably, in May, the board's leaders joined a working delegation from Khanh Hoa Province to Singapore to promote and seek potential investors interested in investment projects calling for investment in the province and Van Phong Economic Zone in the fields of seaports, energy, high-tech industry, and electronics. In June, the board continued to organize a working delegation from the Vietnam - Korea Business and Investment Association (VKBIA) to conduct a field survey in the southern Van Phong area to seek investment cooperation opportunities.

Bac Van Phong General Port.

Currently, Van Phong Economic Zone is implementing to attract many key projects such as: Tu Bong high-end new urban area (about 39,000 billion VND) and Dam Mon (about 25,000 billion VND); Ho Na high-end resort project; Hon Lon high-end resort, tourism and entertainment complex project with golf course in subdivision 1; Khai Luong mountain high-end service and tourism complex project in subdivision 2. Ninh Diem 3 Industrial Park projects (phase 1: 135ha), Ninh Diem 1 (250ha); Ninh Xuan 1; Ninh Xuan 2 (area 498.3ha, total investment capital 4,033 billion VND) ... are being actively supported in investment procedures, as well as implementing project proposal and licensing steps.

Mr. Le Hong Phuong - Deputy Head of Van Phong Economic Zone Management Board said that in the last 6 months of the year, the board will continue to focus on attracting about 2 investment projects in priority sectors and fields according to Resolution No. 55/2022/QH15 of the National Assembly and other projects according to the approved zoning plan with a total new investment capital of about 30,000 - 50,000 billion VND. The board continues to monitor and urge investors to speed up the construction progress of licensed projects such as: Hon Ngang - Bai Cat Tham Tourist Area, Doc Da Trang Industrial Park, Ninh Thuy Industrial Park, Doc Let Phuong Mai Tourist Area and a number of other projects. Actively support investors who have signed memorandums of understanding with the province to complete investment proposal documents and implement investment approval procedures according to regulations for large industrial park projects such as: Ninh Xuan 1 (499ha), Ninh Xuan 2 (498.3ha), Ninh Son (480ha), Ninh Diem 3 (290ha), Nam Cam Ranh (350ha)... when qualified.

In addition, the Van Phong Economic Zone Management Board will coordinate with relevant agencies to support and urge investors to accelerate site clearance and infrastructure construction progress to put Ninh Thuy Industrial Park into operation in 2025, in order to create conditions to attract secondary projects, contributing to increasing new investment capital for Van Phong Economic Zone. Along with support, it is necessary to review and handle slow-progressing projects; strengthen inspection and supervision of investment projects that have been approved for investment policies/investment certificates to accelerate construction progress and soon put projects into operation.

DINH LAM

Source: https://baokhanhhoa.vn/kinh-te/202506/van-phong-tang-toc-thu-hut-dau-tu-bbc41eb/