Becamex-VSIP consortium eyes mega urban-industrial projects in central Vietnam province
A consortium of Becamex, Vietnam-Singapore Industrial Park Co. (VSIP) and Vietnam Rubber Group (VRG) has shown interest in building two mega urban area-industrial park projects in the central coastal province of Khanh Hoa.
Becamex and VSIP are major industrial real estate developers, while the state-controlled VRG is the biggest rubber corporation in the country.
A corner of Khanh Hoa province, central Vietnam. Photo courtesy of Khanh Hoa newspaper.
According to a conclusion following a recent meeting between Khanh Hoa authorities and Becamex, the two projects are the 2,400-hectare Ninh Xuan eco urban area-industrial park and the 500.8-hectare Nha Trang New City urban complex.
The Ninh Xuan project, located in Ninh Hoa town and next to National Highway 26, has three urban areas and one industrial park. Meanwhile, the Nha Trang New City project has two metropolitan areas located in Dien Khanh district and next to National Highway 27C.
The provincial authorities back Becamex-VSIP’s proposal to develop the two projects. Khanh Hoa Chairman Nguyen Tan Tuan highlighted the projects’ advantages, including Khanh Hoa’s special development policy, prime locations, and traffic connectivity.
The two projects are in line with the Politburo’s resolution on developing Khanh Hoa province until 2030, he added.
Khanh Hoa authorities asked Becamex-VSIP to work with the provincial Department of Planning and Investment and relevant agencies to draft details and deploy the project properly.
Khanh Hoa, well-known for Nha Trang beach as a top tourism destination in Vietnam, is calling for private investments in 122 projects until 2025, with vision until 2030.
The province recorded a GRDP growth of 12.7% in the first half of 2024, the second-highest figure in Vietnam.
- Related News
- Read More
Central Vietnam province approves conversion of production forest land for Sun Group's $254 mln urban project
Authorities of Quang Ngai province have approved the conversion of nearly 83 hectares of production forest land for the development of an urban area project backed by real estate giant Sun Group.
Real Estate - Sun, April 26, 2026 | 1:46 pm GMT+7
Ex-banking tycoon Tram Be re-emerges in infrastructure projects in southern Vietnam
Tram Be, once a famous banking tycoon in Vietnam, has resurfaced in the corporate arena, appearing as a representative of Ham Giang Construction Co. Ltd. at a working session with Vinh Long province authorities on Thursday.
Companies - Sun, April 26, 2026 | 8:09 am GMT+7
Techcombank keeps real estate bad debt below 1%, fully recovers principal: chairman
The chairman of Techcombank said the lender has maintained non-performing loans (NPLs) in the real estate segment below 1%, with full principal recovery even on impaired loans.
Banking - Sun, April 26, 2026 | 8:00 am GMT+7
Posco invests $282 mln in battery materials plant in northern Vietnam
South Korean conglomerate Posco will invest a $282 million battery materials project in Vietnam's northern province of Thai Nguyen, marking its first overseas project in the artificial graphite segment.
Industries - Sat, April 25, 2026 | 10:13 pm GMT+7
Hyundai Rotem eyes Vietnam's North-South high-speed railway project
South Korea’s Hyundai Rotem is seeking to expand its footprint in Vietnam’s rail sector, including potential participation in the country’s planned North-South high-speed railway.
Infrastructure - Sat, April 25, 2026 | 6:58 pm GMT+7
Masan shares undervalued by 60%: CEO
Masan Group’s MSN shares are trading at a steep discount to intrinsic value and the corporation targets stronger cash generation over the next decade, said CEO Danny Le.
Companies - Sat, April 25, 2026 | 2:33 pm GMT+7
Vietcombank aims to complete private placement in 2026
The chairman of Vietcombank said the state-controlled lender is working with potential investors and is in detailed negotiations, with a view to executing a private placement in 2026, subject to market conditions.
Banking - Sat, April 25, 2026 | 9:35 am GMT+7
PVOIL targets 30% profit hike, expands into aviation fuel and EV charging
PVOIL, a subsidiary of state-owned Petrovietnam, has set a target of stronger profit growth in 2026 as it diversifies beyond traditional fuel retail into aviation fuel and electric vehicle (EV) charging infrastructure.
Companies - Sat, April 25, 2026 | 8:17 am GMT+7
Foxconn accelerates investment in Vietnam, moves toward humanoid robot manufacturing
Taiwan’s Hon Hai Precision Industry (Foxconn), a major Apple supplier, is signaling a deeper expansion in Vietnam as it pushes beyond traditional electronics manufacturing into higher-value automation, including industrial humanoid robots.
Industries - Fri, April 24, 2026 | 6:44 pm GMT+7
Century Synthetic Fiber Corp. targets 38% profit growth, bets on recycled fiber
Century Synthetic Fiber Corporation (HoSE: STK) aims for a 37.7% increase in 2026 pre-tax profit to VND128.5 billion ($4.88 million), driven primarily by its recycled fiber segment and a newly operational plant invested by its subsidiary Unitex.
Companies - Fri, April 24, 2026 | 5:31 pm GMT+7
Vietnam developer TTC Land eyes steady cash flow with sister firm acquisition
Saigon Thuong Tin Real Estate JSC (TTC Land), a subsidiary of multi-sector conglomerate TTC Group, is moving to secure stable, recurring revenue through the acquisition of Thanh Thanh Nam (TTN), another TTC Group member.
Companies - Fri, April 24, 2026 | 3:31 pm GMT+7
Vietnam, S Korea ink 12 deals, nuclear energy tie-up takes center stage
Vietnam and South Korea have signed 12 cooperation agreements spanning security, technology, energy and culture, with nuclear power collaboration a key highlight.
Economy - Fri, April 24, 2026 | 3:01 pm GMT+7
Thai SCG to halt Vietnam petrochemical plant in mid-May over Middle East conflict
Thai conglomerate Siam Cement Group (SCG) will suspend the operations of its Long Son Petrochemicals Complex in southern Vietnam, starting mid-May, as the Middle East conflict weighs on supply chain.
Energy - Fri, April 24, 2026 | 12:02 pm GMT+7
Vietnam licenses 10th wholly foreign bank after 9-year hiatus
Vietnam has allowed Industrial Bank of Korea (IBK) to establish a wholly foreign-owned, locally incorporated bank - the first such a license in nine years.
Banking - Fri, April 24, 2026 | 9:38 am GMT+7
Vissan falls short of public company criteria over concentrated ownership
Vietnam's leading meat producer Vissan has acknowledged that it fails to meet the requirements to qualify as a public company, citing its current shareholder structure and the absence of a divestment roadmap from state authorities.
Companies - Fri, April 24, 2026 | 8:17 am GMT+7
China's Su Shang seeks infras investment opportunities in northern Vietnam industrial hub
Su Shang Construction Group, a major Chinese infrastructure developer, is exploring investment opportunities in Bac Ninh as the northern Vietnam province steps up efforts to expand its transport and urban infrastructure network.
Infrastructure - Thu, April 23, 2026 | 9:09 pm GMT+7
