New urban area fresh growth impetus for Khanh Hoa province: Deputy PM
A master plan for the Cam Lam urban area will create new space and motivation for Khanh Hoa province to develop quickly and sustainably, said Deputy Prime Minister Tran Hong Ha.
Ha was speaking at a Saturday ceremony announcing the Prime Minister’s approval of the master plan for Cam Lam until 2045.
With a unique location and a synchronous inter-regional transportation system including road, rail, air and marine transport, the province presents a convergence of all elements needed to become a large urban area, a logistics hub and a growth axis for the south-central and Central Highlands regions, he elaborated.
Ha noted that the National Assembly has also issued Resolution No. 55 piloting a number of distinct, breakthrough mechanisms and policies in terms of budgeting and planning, and creating land funds to unlock resources for Khanh Hoa to develop.
The Prime Minister has also approved a master plan of Khanh Hoa for the 2021-2030 period, with vision until 2050, which envisions the Van Phong-Nha Trang-Cam Lam-Cam Ranh urban chain as a driving force that will shape a modern central coastal city.
“In the near future, Cam Lam residents will enjoy high quality social services,” he added.

Deputy Prime Minister Tran Hong Ha speaks at a ceremony announcing the Prime Minister's decision approving a master plan for the Cam Lam new urban area in Khanh Hoa province, southern Vietnam by 2045, March 2, 2024. Photo by The Investor/Nguyen Tri.
The Deputy PM asked Khanh Hoa to make the most of breakthrough mechanisms and distinct policies stated in Resolution No. 55.
It should increase decentralization in planning and land management, and build urban development projects under the transit-oriented development (TOD) model, he suggested.
Ha said that developing a high-quality workforce was a prerequisite for making Cam Lam a center of innovation, research and application of new technology,
Therefore, the province needs to have a strategy to train and attract talent; improve the quality of urban services, especially education, medical and healthcare services to lure both domestic and foreign workers.
As a coastal urban area directly affected by climate change and sea level rise, development of the Cam Lam new urban needs to fix current shortcomings including surface water and groundwater pollution, traffic jams, erosion and flooding with a synchronous, multi-purpose technical infrastructure system and appropriate non-structural adaptation solutions, Ha noted.
According to the master plan, the Cam Lam new urban area will cover 54,719 hectares, or the whole of Cam Lam district, excluding the Thuy Trieu lagoon. Cam Lam will be developed into an axis of growth for Vietnam's south-central region, helping turn the province into a centrally-managed city.
The plan envisages a modern, world-class ecological urban area; a key hub for marine tourism, logistics and financial services; an international center for education, health, research and application of new technology; and an urban area with a high quality living environment. The new urban area is expected to have a population of about 320,000 by 2030 and 770,000 by 2045.
- Read More
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7
Vietnam seeks 8.3-8.5% economic expansion for 2025
The Government has requested the State Bank of Vietnam to proactively adjust the credit growth aim for this year in line with a GDP expansion target of 8.3-8.5%.
Economy - Wed, August 6, 2025 | 10:41 pm GMT+7
Japanese investment in Vietnam shifts toward service, trade, and technology: bank exec
Japanese investment in Vietnam is seeing a notable shift, with sharp increases in the services, trade, and technology sectors, while investment in manufacturing has slowed, said Abe Ryota, a senior economist at Sumitomo Mitsui Banking Corporation (SMBC).
Economy - Wed, August 6, 2025 | 4:06 pm GMT+7