New urban area fresh growth impetus for Khanh Hoa province: Deputy PM

By Nguyen Tri, Minh Hue
Mon, March 4, 2024 | 8:11 am GMT+7

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.

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.

Comments (0)
  • Read More
Private lender VPBank targets 114% profit growth in 2024

Private lender VPBank targets 114% profit growth in 2024

Vietnam’s leading private lender VPBank targets to rake in VND23.17 trillion ($914.18 million) in pre-tax profit this year, a year-on-year increase of 114%, according to its 2024 business plan approved by shareholders at the AGM on Monday.

Banking - Mon, April 29, 2024 | 11:13 pm GMT+7

Construction firm Lizen to focus on transport infrastructure, suspend some renewables projects

Construction firm Lizen to focus on transport infrastructure, suspend some renewables projects

With real estate market remaining sluggish and renewable energy policies yet to be finalized, construction firm Lizen has decided to focus on transport infrastructure and electrical engineering.

Companies - Mon, April 29, 2024 | 10:39 pm GMT+7

Speculative groups stand behind Hanoi apartment fever: association

Speculative groups stand behind Hanoi apartment fever: association

The recent apartment fever that has swept in Hanoi shows signs of being impacted by speculative groups who have created virtual supply and demand to push prices up, according to the Vietnam Association of Realtors (VARS).

Real Estate - Mon, April 29, 2024 | 4:07 pm GMT+7

Vietnam industrial production expands 6% in Jan-April

Vietnam industrial production expands 6% in Jan-April

Vietnam's index of industrial production (IIP) remained on an upward trend, rising 6.3% year-on-year in April and 6% in January-April this year.

Economy - Mon, April 29, 2024 | 3:50 pm GMT+7

Industrial real estate still leads Vietnam market: experts

Industrial real estate still leads Vietnam market: experts

Despite difficulties, industrial park real estate still leads the market, attracting sustainable foreign direct investment (FDI) to Vietnam, said experts.

Industrial real estate - Mon, April 29, 2024 | 2:38 pm GMT+7

Hanoi photo exhibition depicts Vietnam’s significant victories in 20th century

Hanoi photo exhibition depicts Vietnam’s significant victories in 20th century

A photo exhibition highlighting Vietnam’s victories that changed the course of world history is being held at the pedestrian space around Hoan Kiem Lake downtown Hanoi.

Travel - Mon, April 29, 2024 | 1:41 pm GMT+7

Hanoi’s top painters exhibit their work dedicated to national flower

Hanoi’s top painters exhibit their work dedicated to national flower

The lotus – Vietnam’s national flower, is being honored at an art exhibition that opened in Hanoi on Sunday.

Travel - Mon, April 29, 2024 | 1:39 pm GMT+7

Thailand carries out cabinet reshuffle

Thailand carries out cabinet reshuffle

The new cabinet of Thai Prime Minister Srettha Thavisin was announced on Sunday.

Southeast Asia - Mon, April 29, 2024 | 1:37 pm GMT+7

Vietnam's M&A activity bounces back in Q1

Vietnam's M&A activity bounces back in Q1

After a rather gloomy 2023, merger & acquisition (M&A) activity in Vietnam recorded a significant recovery in the first quarter of 2024.

Finance - Mon, April 29, 2024 | 10:59 am GMT+7

Nam Cau Kien eco-industrial park - A circular economy pioneer

Nam Cau Kien eco-industrial park - A circular economy pioneer

Enterprises are encouraged to transform to the circular economy model, but they still face obstacles in accessing preferential policies. Procedures to receive credit packages from domestic and foreign organizations are complicated and have criteria that most businesses cannot meet, writes Pham Hong Diep, chairman of industrial real estate developer Shinec JSC.

Industrial real estate - Mon, April 29, 2024 | 9:11 am GMT+7

How tech empowers insurance agents in Vietnam

How tech empowers insurance agents in Vietnam

Vietnam's insurance industry stands at the threshold of a transformative era, one marked by significant potential and rapid digital evolution, writes Tri Nguyen, country manager for Vietnam at Singapore-based insurance firm Igloo.

Consulting - Mon, April 29, 2024 | 7:00 am GMT+7

Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam province

Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam province

Hoiana Resort & Golf has raised over VND1.2 billion ($473,000) from holding a charity golf tournament to support disadvantaged children in the central province of Quang Nam.

Travel - Sun, April 28, 2024 | 7:14 pm GMT+7

Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%

Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%

Six funds related to Dragon Capital, one of major fund management companies in Vietnam, have bought in a combined 4.66 million shares of leading Vietnamese retailer Mobile World Investment Corporation.

Companies - Sun, April 28, 2024 | 4:24 pm GMT+7

Vietnam real estate market can flourish again with shift in focus: experts

Vietnam real estate market can flourish again with shift in focus: experts

New policies, low interest rates, and projects serving real housing needs can see Vietnam’s real estate market recover by the end of 2025 and grow sustainably, experts said.

Real Estate - Sun, April 28, 2024 | 2:50 pm GMT+7

Real estate giant DIC Corp notches biggest quarterly loss since listing

Real estate giant DIC Corp notches biggest quarterly loss since listing

Development Investment Construction JSC (DIC Corp), among Vietnam’s top real estate developers, incurred a loss of VND117.2 billion ($4.62 million) in the first quarter of this year, marking its largest quarterly loss since floating shares in 2009.

Companies - Sun, April 28, 2024 | 2:30 pm GMT+7

Vietnam startup funding down 17% to $529 mln in 2023, 3rd in Southeast Asia

Vietnam startup funding down 17% to $529 mln in 2023, 3rd in Southeast Asia

Vietnamese startups secured $529 million in total funding in 2023, a 17% decline from the previous year, according to the 2024 Vietnam innovation and tech investment report released Friday.

Finance - Sun, April 28, 2024 | 10:04 am GMT+7