Central Vietnam province Khanh Hoa seeks growth momentum from FDI
The south-central coastal province of Khanh Hoa is diversifying approaches to attract foreign direct investment (FDI), with several major projects to be launched, according to the provincial mayor.
A sea area of Khanh Hoa province, south-central Vietnam. Photo by The Investor/Nguyen Tri.
According to Nguyen Tan Tuan, Chairman of the provincial People's Committee, 2024 was the most successful year in Khanh Hoa's investment promotion efforts.
In 2024, Khanh Hoa attracted 26 private investment projects with total registered capital of VND50.65 trillion ($2 billion). Seventeen others received capital hikes totaling VND3.9 trillion ($154.36 million), while five projects worth over VND5.35 trillion ($211.75 million) were scrapped.
Several major projects have received in-principle approvals or begun construction. The Department of Planning and Investment has evaluated and submitted investment proposals of large economic groups such as Vingroup, Sun Group, FPT, KN, and Becamex to the provincial People's Committee.
These projects align with the Politburo’s Resolution 09 on the development of Khanh Hoa until 2030, with a vision to 2045.
Tuan also mentioned that during a recent U.S. visit, a Khanh Hoa delegation signed a letter of intent with the Boston Global Forum to collaborate in attracting U.S. investors in investment, education, science-technology, innovation, and application of AI in healthcare. The delegation also organized an investment-tourism-trade promotion forum in the U.S., attended by over 120 businesses.
The visit led to Vietnam visits by several investors and organizations, including Mark Kennedy, director of the Wahba Institute for Strategic Competition at the Wilson Center, Moffatt & Nichol - a global infrastructure advising company, and the Green City Alliance (GCC), all of whom proposed sustainable development projects in Khanh Hoa.
In South Korea, the delegation met with diplomatic agencies and major groups such as Hyundai, SK, SBS Television, and Asiana Airlines to explore cooperation opportunities in economics, tourism, and education.
In 2024, Khanh Hoa received investment proposals from several major domestic and international enterprises. Notable projects include an LNG power plant in Van Phong by Japan’s Sumitomo Corporation, an LNG port in Nam Van Phong by multinational industrial group Stavian, the Ninh Xuan ecological industrial urban area project by the Becamex-VSIP joint venture, and the Nexif Energy Khanh Hoa 1 wind power project by Singapore-Thailand JV Nexif Ratch Energy SE Asia Pte. Ltd.
Several others are under evaluation for in-principle approval, such as the FPT Technology Urban Area project proposed by FPT Software Co. and FPT Danang Urban Development JSC, and the KN Cam Ranh passenger terminal project by KN Cam Ranh Co., Ltd.
Despite these achievements, Tuan acknowledged the slow progress of infrastructure investment in industrial parks and clusters, largely due to delays in land clearance. Challenges in land pricing, clearance, and fee collection have hindered the disbursement of public investment funds.
Notably, investments in the Van Phong Economic Zone have been limited, particularly for key projects under the National Assembly's Resolution No. 55, which outlines special policies for the development of Khanh Hoa.
However, the provincial chairman expressed optimism that several large projects would enter the bidding process in the first quarter of 2025, with implementation expected soon.
These projects include the VND17.33 trillion ($686 million) Nha Trang Mixed-Use Urban Area, the VND5.24 trillion ($207.43 million) Cam Hoa Mixed-Use Urban Area, the VND5.8 trillion Cam Thuong Mixed-Use Urban Area, the VND5.73 trillion Cam Tan Mixed-Use Urban Area, and the VND5.11 trillion Suoi Tan Mixed-Use Urban Area.
Khanh Hoa also plans to expand and upgrade National Highways 26B in 2025, widen the rovincial Road 1B (from Hyundai Vietnam Shipbuilding Co. to Ninh Hoa township), build a provincial children's cultural center, and carry out several resettlement area projects, he added.
- Read More
Vietnam's benchmark VN-Index records sharpest drop in 25-year history
VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), saw the sharpest decline in its 25-year history on Monday, down by 94.76 points, or 5.47%, to 1,636.43.
Finance - Mon, October 20, 2025 | 5:49 pm GMT+7
Construction contractor Coteccons sets record FY2026 targets, capital base hike via share issue
Coteccons Construction JSC (HoSE: CTD), one of Vietnam’s largest construction contractors, has set ambitious targets for its fiscal year 2026, driven by a record order backlog and its push into international markets.
Companies - Mon, October 20, 2025 | 4:50 pm GMT+7
Real estate, gold markets to be fully established by 2026: Prime Minister
Vietnam plans to complete comprehensive legal framework for its financial, real estate, and gold markets by 2026 as part of a broader effort to modernize market infrastructure and accelerate economic growth, said Prime Minister Pham Minh Chinh.
Finance - Mon, October 20, 2025 | 3:33 pm GMT+7
Vietnam breaks ground on nation’s most advanced domed stadium in Hung Yen province
Vietnam’s Ministry of Public Security has broken ground on a 60,000-seat domed stadium in the northern province of Hung Yen, set to become the country’s most technologically advanced sports venue.
Society - Mon, October 20, 2025 | 2:48 pm GMT+7
Workforce and logistics - keys to sustainable e-commerce growth in Vietnam: experts
Businesses and online shop owners in Vietnam should pay greater attention to human resources and logistics, considering these factors “keys” to competitive advantage in the increasingly volatile e-commerce market, according to experts.
Economy - Mon, October 20, 2025 | 10:54 am GMT+7
Construction stocks ignite Vietnam’s market rally by year-end
FDI inflows into Vietnam are hitting record highs, while faster public investment disbursement and stable construction material costs are fueling a late-year surge in construction stocks, analysts said.
Finance - Mon, October 20, 2025 | 10:44 am GMT+7
Vietnam's central bank struggles to rein in cross-ownership
Cross-ownership and bank manipulation in Vietnam have eased, yet control remains elusive as shareholders and related parties conceal ownership through nominees, the State Bank of Vietnam (SBV) said in a report to the country’s legislature.
Banking - Mon, October 20, 2025 | 8:34 am GMT+7
Viettel Post-invested $27 mln logistics center project breaks ground in central Vietnam
Viettel Post, a subsidiary of military-run Viettel Group, has broken ground on an over VND722 billion ($27.41 million) logistics center project in Danang city, which is expected to enhance the logistics capacity of Vietnam's central and Central Highlands regions.
Industries - Sun, October 19, 2025 | 7:35 pm GMT+7
Vietnam's stock market regulator introduces green bond disclosure handbook
By enhancing transparency and standardizing disclosures, the Green Bond Disclosure Handbook that the State Securities Commission of Vietnam (SSC) introduced will build investor trust, reduce greenwashing risks, and support the growth of a credible and resilient green finance market in Vietnam.
Finance - Sun, October 19, 2025 | 2:11 pm GMT+7
Central Vietnam province Lam Dong seeks investment for 72 projects
The Lam Dong province People's Committee has called for investment in 72 projects across various sectors which are set for implementation in 2025 and the 2026-2030 period.
Industries - Sun, October 19, 2025 | 1:31 pm GMT+7
Vietnam's leading conglomerate Vingroup ventures into senior living market
Vingroup JSC (HoSE: VIC) has unveiled Vin New Horizon, a network of premium retirement and wellness communities built to international standards, marking the Vietnamese conglomerate’s strategic entry into the senior living market.
Industries - Sun, October 19, 2025 | 12:28 pm GMT+7
Vietnam’s agri major HAGL makes surprise return to property, saying land plot forgotten for 15 years
Vietnam’s agri major Hoang Anh Gia Lai JSC's (HAGL) return to real estate is an accident, after discovering a plot of land the company had “forgotten for 15 years” during its boom years, said chairman Doan Nguyen Duc.
Companies - Sun, October 19, 2025 | 10:02 am GMT+7
REE to set up 2 subsidiaries for wind projects in southern Vietnam
Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (HoSE: REE) has decided to establish two wholly-owned subsidiaries to develop two wind power projects in Vinh Long province, expanding its renewable energy portfolio in southern Vietnam.
Energy - Sun, October 19, 2025 | 8:00 am GMT+7
Australian CEO detained, NSH Petro’s recovery hopes collapse
The recovery prospects of NSH Petro (PSH) have dimmed after its Australian CEO was detained on allegations of fraud involving false promises of billion-dollar financing that led to the misappropriation of nearly $4.9 million.
Companies - Sat, October 18, 2025 | 6:53 pm GMT+7
Maintaining market status upgrade a bigger challenge: official
Vietnam's stock market status will be upgraded by FTSE Russell from "frontier" to "secondary emerging" from September 21 next year, but continued reform is critical as the bigger challenge is to maintain the new classification, said a market watchdog official.
Finance - Sat, October 18, 2025 | 1:30 pm GMT+7
HCMC partners with Nasdaq to develop int’l financial center
The Finance Department of Vietnam’s southern metropolis Ho Chi Minh City has signed an MoU with the U.S.-based stock exchange Nasdaq on the development of an international financial center (IFC).
Top News - Sat, October 18, 2025 | 11:56 am GMT+7




















