Khanh Hoa province appoints new planning & investment chief
Chau Ngo Anh Nhan was appointed director of Khanh Hoa province's Department of Planning and Investment on Tuesday for a five-year term.
Previously, he was standing vice director of the department. Nhan, born in 1978 in Khanh Hoa, holds a master's degree in economics and a bachelor's degree in construction engineering.
Khanh Hoa province in south-central Vietnam has been a magnet to investors in recent years. In the first half of 2023, the province lured eight non-state budget investment projects worth over VND4.08 billion ($172.5 million) in total. The province also signed memoranda of understanding with 16 strategic investors with total registered capital of more than VND80 trillion ($3.38 billion).
Many large firms have expressed an interest in investing in 27 projects in Khanh Hoa, an economic hub in south-central Vietnam. Among them are Sun Group, Novaland, FPT Corporation, Trung Nam Group, and Hoa Phat Group.
Standing Vice Chairman of the provincial People's Committee Le Huu Hoang (center) hands over the appointment decision to new director of the Department of Planning and Investment Chau Ngo Anh Nhan (left). Photo courtesy of Khanh Hoa newspaper.
In June 2022, the National Assembly, the country's highest legislative body, issued a resolution on distinct mechanisms and policies for Khanh Hoa to be implemented on a pilot basis to attract only mega projects. The coastal province is calling for private investments in 122 projects until 2025, with a vision to 2030.
Khanh Hoa recorded gross regional domestic product (GRDP) growth of 20.7% in 2022, the highest pace in Vietnam amid the country's post-pandemic recovery, according to provincial data.
The province attracted VND61.98 trillion ($2.63 billion) in investment for development last year, up 15% year-on-year. Construction accounted for 83.98% of the total, of which VND10.46 trillion ($441.74 million) was FDI capital.
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