$13 bln needed to build Khanh Hoa province’s Cam Lam new urban area

By Nguyen Tri, Minh Hue
Sat, March 2, 2024 | 9:57 am GMT+7

The south-central province of Khanh Hoa is in need of VND320 trillion ($13 billion) to develop infrastructure for the Cam Lam new urban area by 2045.

According to a freshly approved plan, the area will cover 54,719 hectares, or the whole Cam Lam district, excluding Thuy Trieu lagoon.

Khanh Hoa plans to develop Cam Lam into a growth pole in the south of the province and Vietnam's south-central region, helping turn the province into a centrally-managed city.

An illustration of Cam Lam new urban area in Khanh Hoa province, south-central Vietnam. Photo courtesy of Thanh Nien (Young People) newspaper.

An illustration of Cam Lam new urban area in Khanh Hoa province, south-central Vietnam. Photo courtesy of Thanh Nien (Young People) newspaper.

The area will be built into a modern, world-class ecological airport urban area; a key global hub of marine tourism and logistics services, financial-intellectual services and innovation; an international center for education, health, research and application of new technology; and an urban area with a high quality living environment and synchronous and modern infrastructure.

Following a national smart, innovative urban model, it will become a national entertainment and leisure tourism center and a nucleus of tourism development in the region and the world.

It is also intended to be a sustainable urban development premise for developing environmentally friendly green and ecological technology that adapts to climate change.

This urban area is expected to have a population of about 320,000 by 2030 and 770,000 by 2045.

The Cam Lam new urban area will be developed under the model of a concentrated urban area in the delta region, focusing on promoting tourism in the eastern coastal strip associated with preserving the endemic landscape of Thuy Trieu lagoon - Cam Ranh bay, Bai Dai beach and the ecological values of the mountains and forests in the northern and western parts.

There will be four driving axes. The North-South Expressway corridor will link Cam Ranh port and Cam Ranh airport with national infrastructure, focusing on developing transit hubs, warehousing services, and multi-modal smart transport services.

The Bai Dai coastal axis will run from Cam Ranh airport to Nha Trang town, focusing on developing island entertainment and tourism services. The urban center axis, from the urban gateway to the center of Bai Dai area, will concentrate on key functions at regional and urban levels.

Finally, the water landscape axis will link Cam Ranh bay, through Thuy Trieu lagoon to Truong river, Cau stream and Cat stream. The focus is on protecting water sources, sustainably maintaining the structure of the hydrological system, developing biodiversity and an attractive green landscape with indigenous characteristics, and the "yacht urban" model.

In the master plan, there will be four new central areas, including a regional-level integrated central area, the eastern tourist central area, the northern urban center area, and the southern urban center area.

Comments (0)
  • Read More
Private firms eligible to invest in trans-Vietnam high-speed railway project

Private firms eligible to invest in trans-Vietnam high-speed railway project

The National Assembly, Vietnam's legislature, has allowed private companies to invest in the North-South high-speed railway project.

Economy - Fri, June 27, 2025 | 9:16 pm GMT+7

Vietnam legislature requests legal framework for pilot crypto asset market

Vietnam legislature requests legal framework for pilot crypto asset market

The parliament has requested prompt establishment of legal frameworks to pilot a crypto asset market in Vietnam, per a resolution adopted on Friday.

Investing - Fri, June 27, 2025 | 4:12 pm GMT+7

Vietnam parliament okays establishing one international financial center in HCMC-Danang

Vietnam parliament okays establishing one international financial center in HCMC-Danang

Vietnam will build one international financial center located in both Ho Chi Minh City and Danang, in which initiatives like digital assets and sandboxes will be tested under control, according to a newly-approved parliament resolution.

Economy - Fri, June 27, 2025 | 3:44 pm GMT+7

Businesses that want to survive must invest in quality governance: Sunhouse exec

Businesses that want to survive must invest in quality governance: Sunhouse exec

Vietnam is enjoying a huge advantage from the “China+1” wave given the U.S.-China trade war. The country is an alternative destination for many large corporations. No other country has the speed of building factories and growing exports as fast as Vietnam, says Nguyen Xuan Phu, chairman of Sunhouse, a leading home appliance manufacturer.

Executive Talk - Fri, June 27, 2025 | 1:50 pm GMT+7

Vietnam's consumer finance major F88 to trade on UPCoM in Q3

Vietnam's consumer finance major F88 to trade on UPCoM in Q3

F88 Investment JSC (F88), a leading consumer finance firm in Vietnam, will register its shares on the Unlisted Public Companies Market (UPCoM) in the third quarter of this year, said its leadership on Thursday.

Companies - Fri, June 27, 2025 | 11:37 am GMT+7

Chinese infrastructure, aviation giants wish to expand investment in Vietnam

Chinese infrastructure, aviation giants wish to expand investment in Vietnam

China Pacific Construction Group (CPCG) and Commercial Aircraft Corporation of China, Ltd. (COMAC) expressed their intention to expand operations in Vietnam while meeting with Prime Minister Pham Minh Chinh in Tianjin on Thursday.

Economy - Fri, June 27, 2025 | 11:19 am GMT+7

Viconship leaders join board of directors at Vietnam’s largest container fleet operator Hai An

Viconship leaders join board of directors at Vietnam’s largest container fleet operator Hai An

Hai An Transport and Stevedoring JSC's board of directors for the 2023-2028 term on Thursday received two new members - chairman Nguyen Xuan Dung and CEO Ta Cong Thong of Viconship, a leading seaport operator and service provider in Vietnam.

Companies - Fri, June 27, 2025 | 8:36 am GMT+7

Indonesia launches 1st health special economic zone in Bali

Indonesia launches 1st health special economic zone in Bali

Indonesian President Prabowo Subianto on Wednesday emphasized that Sanur Health Special Economic Zone (SEZ) is a breakthrough, marking the first time the country has established an SEZ specializing in the health sector.

Southeast Asia - Fri, June 27, 2025 | 12:00 am GMT+7

Indonesia begins $6 bln EV battery project

Indonesia begins $6 bln EV battery project

Indonesia is scheduled to break ground on an integrated electric vehicle (EV) battery project in East Halmahera, North Maluku, on June 29, as part of efforts to realize its commitment to reducing greenhouse gas emissions and protecting the environment.

Southeast Asia - Thu, June 26, 2025 | 11:57 pm GMT+7

Indonesia seeks cooperation in oil & gas, nuclear energy with Russia

Indonesia seeks cooperation in oil & gas, nuclear energy with Russia

Indonesia is seeking to strengthen energy cooperation with Russia and accelerate its nuclear energy development plan as part of a long-term energy security strategy amidst rising geopolitical tensions.

Southeast Asia - Thu, June 26, 2025 | 11:54 pm GMT+7

Vietnam’s Eximbank moves headquarters to Hanoi

Vietnam’s Eximbank moves headquarters to Hanoi

The State Bank of Vietnam (SBV), the country's central bank, on Tuesday okayed Eximbank's (HoSE: EIB) plan to move its headquarters from Ho Chi Minh City to Hanoi.

Banking - Thu, June 26, 2025 | 10:00 pm GMT+7

KFC dominates F&B brand rankings in Vietnam for 3rd running year

KFC dominates F&B brand rankings in Vietnam for 3rd running year

American fast food chain KFC, for third year in a row, has won the top spot in the Best F&B Rankings 2025 compiled by market research company Decision Lab.

Companies - Thu, June 26, 2025 | 6:22 pm GMT+7

Vietnamese consumers spend $16 bln on online platforms in 2024: report

Vietnamese consumers spend $16 bln on online platforms in 2024: report

Vietnam’s total gross merchandise value (GMV) on four major e-commerce platforms - Shopee, Lazada, TikTok Shop, and Tiki - reached $16 billion in 2024, a 15.9% increase compared to 2023.

Economy - Thu, June 26, 2025 | 5:11 pm GMT+7

Greenity consortium wins bid for $57.43 mln waste-to-energy plant in central Vietnam

Greenity consortium wins bid for $57.43 mln waste-to-energy plant in central Vietnam

A Hanoi-based energy consortium named Greenity has won a bid to develop the Long My domestic solid waste treatment plant project using waste-to-energy technology in the south-central province of Binh Dinh.

Companies - Thu, June 26, 2025 | 4:54 pm GMT+7

Vietnam Airlines plans launch of cargo carrier next year, fleet expansion

Vietnam Airlines plans launch of cargo carrier next year, fleet expansion

National flag carrier Vietnam Airlines (HoSE: HVN) plans to launch a dedicated cargo airline in 2026, using its existing Airbus A321 fleet, general director Le Hong Ha announced at the company’s 2025 AGM held on Wednesday.

Companies - Thu, June 26, 2025 | 4:43 pm GMT+7

Prison sentence reduced by 14 years for former FLC chairman Trinh Van Quyet

Prison sentence reduced by 14 years for former FLC chairman Trinh Van Quyet

Trinh Van Quyet, former chairman of FLC Group, has seen his prison sentence decreased from 21 years to 7 years for "fraudulent appropriation of property", while receiving a fine of VND4 billion ($153,000) for "stock market manipulation".

Economy - Thu, June 26, 2025 | 2:51 pm GMT+7