Khanh Hoa gets green light to build world-class urban area
The government approved Wednesday a project on the general planning of Cam Lam in Khanh Hoa province, with a desire to turn the coastal district into a world-class urban area and innovation hub.

Khanh Hoa province's Cam Lam district is adjacent to the East Sea, with a 13-kilometer coastline. Photo by The Investor/Viet Tung.
Under a document signed by Deputy Prime Minister Le Van Thanh, Cam Lam, Nha Trang, Cam Ranh and Van Phong Economic Zone will shape a world-class urban area in Khanh Hoa, attracting global citizens.
International-standard centers for science and technology, medical care and education will be formed in Cam Lam.
A sustainable, ecological and smart urban area will also be established in Cam Lam, which is close to the Thuy Trieu lagoon ecosystem, Northern Cam Ranh Peninsula Tourist Area, and Nha Trang Bay - one of the most beautiful in the world voted by National Geographic Magazine.
Cam Lam is also expected to become a quality living environment and an economic, tourism and service hub of the country, assisting Khanh Hoa’s endeavor to become a centrally managed city by 2030. Vietnam now has only five centrally managed cities, namely Hanoi, Haiphong, Da Nang, Ho Chi Minh City and Can Tho.
Cam Lam district covers nearly 55,000 hectares. Its population is projected to increase to 770,000 by 2045.
Last month, Vingroup, listed on the Ho Chi Minh City Stock Exchange as VIC, announced its desire to establish a “global intellectual connection center - a Silicon Valley” in Cam Lam over the next three years.
The center will gather experts who own patents and carry out in-depth studies, said CEO Nguyen Viet Quang.
Vingroup, Vietnam’s leading real estate developer, plans to build a mega urban area in Cam Lam from June 2023.
If approved by the prime minister, the project will take shape within two years, with prominent components being a global intelligenve center, medical and education centers, and high-end health care and resort facilities.
FPT Corporation, Vietnam’s leading IT company, is also proposing to develop three complex projects in Khanh Hoa that will include technology facilities, housing areas, resorts and services.
- Read More
$2.5 bln LNG power plant in northern Vietnam set for groundbreaking in late 2025
A $2.56 billion LNG-fueled power plant project in the northern Vietnam province of Thai Binh is slated to break ground later this year, aligning with the timeline set by the local government.
Energy - Sun, June 15, 2025 | 10:06 am GMT+7
Vietnam’s tech unicorn VNG expects 2025 loss to narrow by 47%, plans name change
VNG Corporation, Vietnam’s first tech unicorn, projects a net loss of VND620 billion ($2.38 million) in 2025, down 47% from last year.
Companies - Sun, June 15, 2025 | 8:00 am GMT+7
Prime Minister suggests AstraZeneca build pharma factory in Vietnam
Vietnam is willing to license AstraZeneca immediately to build vaccine and pharmaceutical factories, said Prime Minister Pham Minh Chinh.
Industries - Sat, June 14, 2025 | 10:59 pm GMT+7
Sugary drinks subject to excise tax in Vietnam from 2027
Sugary drinks in Vietnam will be subject to an 8% excise tax starting in early 2027 and 10% from 2028, according to the adjusted Excise Tax Law, passed by the parliament on Saturday.
Economy - Sat, June 14, 2025 | 4:56 pm GMT+7
Ericsson should focus on 6G research, build database for AI in Vietnam: Prime Minister
Prime Minister Pham Minh Chinh has suggested Ericsson's cooperation with Vietnam should focus on piloting innovation initiatives, 6G research, and building a database for AI in the country.
Economy - Sat, June 14, 2025 | 3:59 pm GMT+7
Swedish giants H&M, Syre to scale up operations in Vietnam
H&M, a globally renowned fashion brand from Sweden, plans to expand its network of stores in Vietnam to over 20 in the time to come, said CFO Adam Karlsson.
Industries - Sat, June 14, 2025 | 2:16 pm GMT+7
Leading industrial park developer Becamex to gain from Binh Duong province’s merger into HCMC: broker
Becamex IDC Corp, a leading urban and industrial park developer based in Binh Duong, is expected to benefit from the province’s merger into Ho Chi Minh City, with many new development opportunities, according to Vietcombank Securities (VCBS).
Companies - Sat, June 14, 2025 | 8:00 am GMT+7
Vietnam Airlines secures $1.5 bln funding from ING Bank for strategic expansion
Vietnam Airlines and ING Bank have signed an MoU for bilateral financial cooperation, securing capital funding of up to $1.5 billion.
Companies - Fri, June 13, 2025 | 10:56 pm GMT+7
Lawmakers scrutinize dual-city international financial center plan
Discussing a draft resolution on establishing an international financial center in Vietnam, some parliament members have proposed careful consideration of a dual-city model based on regional development strategies and investment efficiency.
Finance - Fri, June 13, 2025 | 10:49 pm GMT+7
Vietnam among world’s most food-self-sufficient nations: study
As concerns mount over the potential for disruptions to global trade, a new study published in the journal Nature Food has identified Vietnam as one of the few countries with a high level of food self-sufficiency, capable of withstanding major interruptions to food imports and exports worldwide.
Southeast Asia - Fri, June 13, 2025 | 10:41 pm GMT+7
Bad debts at Vietnamese commercial banks remain a concern
While the most challenging period for bad debts in Vietnam appears to have passed, potentially irrecoverable debts have reached a record high, accounting for 1.25% of total outstanding customer loans, or more than VND176 trillion ($6.74 billion), according to a new report by research firm Vietnam Report JSC.
Banking - Fri, June 13, 2025 | 7:58 pm GMT+7
Vietnam's galvanized steel major Ton Dong A to focus on domestic sales amid export market woes
Ton Dong A, a leading galvanized steel manufacturer in Vietnam, will focus more on the domestic market due to export difficulties, raising the ratio of domestic sales to 75%.
Companies - Fri, June 13, 2025 | 4:56 pm GMT+7
Vietnam's leading construction materials maker Viglacera appoints new chairman
The board of directors of Viglacera, Vietnam's leading construction materials maker, has appointed Tran Manh Huu as new chairman, succeeding Nguyen Van Tuan.
Companies - Fri, June 13, 2025 | 3:08 pm GMT+7
Vietnam urges Exxon Mobil to accelerate long-delayed Blue Whale gas field project
Vietnam expects the U.S.'s Exxon Mobil to speed up the long-delayed Blue Whale gas field project in line with the contract.
Energy - Fri, June 13, 2025 | 2:06 pm GMT+7
Prime Minister invites Swedish firms to invest in Vietnam's technology infrastructure, renewable energy
Prime Minister Pham Minh Chinh says he hopes Swedish companies will continue to expand their investment in Vietnam's information technology infrastructure, especially in remote areas.
Economy - Fri, June 13, 2025 | 11:28 am GMT+7
Singapore’s Keppel earns $76 mln from partial sale of property complex in southern Vietnam
Singapore-based Keppel Corporation brought in SGD98 million ($76.54 million) from selling a 22.6% stake in a property complex in Vietnam’s southern metropolis of Ho Chi Minh City.
Real Estate - Fri, June 13, 2025 | 8:28 am GMT+7