Focus on supporting investors.
In the first six months of the year, the Van Phong Economic Zone Management Board granted licenses to 6 new projects with a total investment capital of nearly VND 3,000 billion, while also increasing the capital of 2 existing projects by an additional VND 296.07 billion. Cumulatively to date, the Van Phong Economic Zone has attracted 155 investment projects (131 domestic projects and 24 foreign-invested projects), with a total registered capital of approximately USD 5.4 billion. Of this, implemented capital has reached USD 3.3 billion, equivalent to 61% of the registered capital, with 106 projects already in operation.
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| The northern Van Phong area is attracting a series of multi-billion dollar projects. |
Alongside attracting new investors, the Van Phong Economic Zone Management Board is paying special attention to supporting investors in completing construction and putting into operation on schedule for large projects. Notable examples include the Hon Ngang - Bai Cat Tham Beach Eco- tourism Area Project (455.23 hectares, total investment of approximately VND 25,253 billion); the Co Ma High-Class New Urban Area Project (VND 5,900 billion); and the Doc Let Phuong Mai Tourist Area Project (152.45 hectares, total investment of VND 4,072 billion), all of which are receiving active support for implementation.
Regarding industrial parks, the Ninh Thuy Industrial Park Infrastructure Construction and Business Investment Project (207.9 hectares, 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 operational and 12 projects are under construction, with an occupancy rate of approximately 55.5%.
Regarding the Dốc Đá Trắng Industrial Park infrastructure construction and operation project (288 hectares, total capital approximately VND 1,800 billion), the investor held a groundbreaking ceremony in April. However, the project is behind schedule in the land clearance phase. The Provincial People's Committee has directed the Ninh Hòa Town People's Committee to urgently accelerate the progress and complete land clearance work as soon as possible to ensure commencement in the third quarter of 2025. The Vân Phong Economic Zone Management Board is also actively coordinating with localities to speed up the land clearance process, helping the investor implement the projects as committed.
Strengthening investment promotion
Besides supporting investors, the Van Phong Economic Zone Management Board has also actively promoted investment in many aspects. The Management Board has welcomed and worked with businesses that came to research and explore investment opportunities in the Van Phong Economic Zone across various sectors. These include large corporations such as Sonadezi Corporation, Hoa Sen Group , Shinec Corporation, and Indel Investment and Development Corporation.
International promotion activities were also intensified. In February, the board's leaders attended a meeting with subcontractors of the HD Hyundai Group of South Korea. In April, the organizing committee took a delegation from Ulsan City (South Korea) on a field survey in the southern Van Phong area. Notably, in May, the board's leaders participated in a working group from Khanh Hoa province to Singapore to promote and seek potential investors interested in the province's investment projects and the Van Phong Economic Zone in the fields of seaports, energy, high-tech industries, and electronics. In June, the board continued to organize a working group 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.
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| North Van Phong General Port. |
Currently, the Van Phong Economic Zone is attracting many key projects such as: the Tu Bong high-end new urban area (approximately VND 39,000 billion) and the Dam Mon area (approximately VND 25,000 billion); the Ho Na high-end resort project; the Hon Lon high-end resort and entertainment complex with a golf course in subdivision 1; and the Khai Luong mountain high-end mixed-use service and tourism project in subdivision 2. The Ninh Diem 3 (phase 1: 135ha), Ninh Diem 1 (250ha), Ninh Xuan 1, and Ninh Xuan 2 industrial parks (498.3ha, total investment of VND 4,033 billion) are receiving active support in investment procedures, as well as in the implementation of project proposals and licensing.
Mr. Le Hong Phuong, Deputy Head of the Van Phong Economic Zone Management Board, said that in the last six months of the year, the board will continue to focus on attracting approximately two 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 will continue to monitor and urge investors to accelerate 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 several other projects. Actively support investors who have signed memoranda of understanding with the province in completing investment policy proposals and implementing investment policy 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 conditions are met.
In addition, the Van Phong Economic Zone Management Board will coordinate with relevant agencies to support and urge investors to accelerate land clearance and infrastructure construction progress to bring Ninh Thuy Industrial Park into operation in 2025, thereby creating favorable conditions to attract secondary projects and contribute to increasing new investment capital for the Van Phong Economic Zone. Simultaneously, they will review and address projects with delayed progress; strengthen inspection and supervision of investment projects that have received investment approval/investment certificates to accelerate construction progress and bring projects into operation as soon as possible.
DINH LAM
Source: https://baokhanhhoa.vn/kinh-te/202506/van-phong-tang-toc-thu-hut-dau-tu-bbc41eb/
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