Resort real estate investment flows into Cam Ranh beach town
Resort real estate investors are gradually diverting their appetite from the world famous tourist destination Nha Trang to Cam Ranh town, both in the south-central province of Khanh Hoa, due to the latter's large potential to tap.
While Nha Trang is nearing condotel and villa saturation, Cam Ranh is undergoing a strong transformation with a series of big domestic and foreign investors flocking to develop large projects.

A corner of Cam Ranh Bay in Khanh Hoa province, south-central Vietnam. Photo courtesy of Kinh Te & Do Thi (Economy & Urban) newspaper.
Prominent among those is a mega urban area project near Cam Ranh Bay, stretching from Da Let Cape to the area bordering the province’s Cam Lam district.
Invested by a consortium made up of Cam Ranh Investment JSC, Vinhomes, and VinES Energy Solutions, the Urban Area by Cam Ranh Bay project will cover 1,254 hectares with an initial investment of VND85.29 trillion ($3.64 billion).
Approved by Prime Minister Pham Minh Chinh on April 1, 2023, it is set to feature a housing complex, a public service area, parks and green spaces, a trade center, resort facilities, a golf course, and a theme park. Its construction is scheduled for 2023-2027.
According to the Cam Ranh People's Committee, once completed, the project will help shift the socio-economic structure from fisheries and agriculture to urban services and tourism, promoting sustainable socio-economic development. Additionally, it will create a foundation for the town to attract foreign investments.
The project will focus on developing premium and distinctive tourism products and services to enhance the diversity and attractiveness of Cam Ranh’s tourism sector, aiming for 60% of international tourists and 40% of domestic holidaymakers.
The project also aims to convert inefficient aquaculture areas and salt fields into trade-service spaces and residential areas, bringing in higher value. It is expected to create jobs for over 11,400 laborers.
"In the coming time, there will be more quality and classier urban areas and resorts here, which is different from the simplicity of existing affordable accommodation establishments," said a representative of the town's People's Committee.
According to the provincial Department of Planning and Investment, about 40 investment projects in the Northern Cam Ranh Peninsula tourist area have been granted investment licenses, in-principle approval, and registration certificates.
Of these, 26 projects have obtained construction permits and started construction. Most of them are 4- or 5-star resorts and tourist complexes.
Local authorities attributed the transformation to Cam Ranh’s clean land fund of thousands of hectares and huge tourism potential. Meanwhile, in Nha Trang town, the land fund is running out and its tourism potential has almost been fully exploited.
Notably, Cam Ranh has mapped out specific plans to focus on infrastructure development.
The town is implementing a VND3 trillion ($122.5 million) project to upgrade Cam Ranh International Airport, aiming to improve service quality and capacity to 4-star standards. The airport is expected to serve 2.5 million passengers per year in phase 1 and a maximum of 8 million passengers in phase 2.
Since 2017, Cam Ranh International Airport has been serving direct flights to and from countries and territories around the world, including Thailand, China, Cambodia, South Korea, Hong Kong, Russia, Japan, and Malaysia.
The roads from Nguyen Tat Thanh street to Bai Dai beach have been enlarged by dozens of meters while investments have been made in upgrading the electricity, water, and wifi systems and urban embellishments.
- Read More
Vietnam developer Taseco Land plans private share placement following HCMC bourse debut
Shortly after its listing on the Ho Chi Minh Stock Exchange (HoSE) as TAL, Taseco Land, a subsidiary of Vietnam’s conglomerate Taseco Group, is seeking shareholder approval for a private share placement targeted at professional investors.
Companies - Sat, August 9, 2025 | 8:00 am GMT+7
Vietnam aims to finalize negotiations for Ninh Thuan 1 nuclear power plant by August
The Vietnamese government targets completing negotiations for Ninh Thuan 1 nuclear power plant in former Ninh Thuan province (now Khanh Hoa) by August 2025, and for Ninh Thuan 2 by May 2026 at the latest.
Energy - Fri, August 8, 2025 | 4:18 pm GMT+7
Software giant SAP invests $175 ml in R&D center in Vietnam
German software heavyweight SAP has officially launched a research & development center in Vietnam, with plans to invest more than €150 million ($175 million) over the next five years.
Industries - Fri, August 8, 2025 | 3:43 pm GMT+7
Carlsberg’s $130 mln plant expansion in central Vietnam set to start brewing next month
The expansion of Carlsberg’s brewery in Hue city, central Vietnam, with an investment of over VND3.4 trillion ($129.66 million), has entered trial runs and is scheduled to officially come into operation in September, according to a Carlsberg Vietnam report.
Industries - Fri, August 8, 2025 | 2:43 pm GMT+7
Indonesia promotes nickel-based EV battery production
Indonesia is advocating regulations to encourage electric vehicle (EV) manufacturers to switch from the commonly used lithium-based batteries to nickel-based ones.
Southeast Asia - Fri, August 8, 2025 | 1:54 pm GMT+7
BRICS countries account for over 35% of Malaysia’s total foreign trade turnover
Malaysia’s trade with BRICS nations climbed to RM818 billion ($193.47 billion) in 2024, making up 35.2% of the country’s total global trade, according to the Ministry of Investment, Trade and Industry (MITI).
Southeast Asia - Fri, August 8, 2025 | 1:52 pm GMT+7
Vietnam consumer finance major F88’s stock hits ceiling price on UPCoM debut
The stock of F88 Investment JSC (F88), a leading consumer finance company in Vietnam, hit its ceiling price of VND888,800 ($34) on Friday, the first day of trading on the Unlisted Public Companies Market (UPCoM).
Companies - Fri, August 8, 2025 | 1:32 pm GMT+7
US tariff unlikely to dent Vietnam’s long-term FDI appeal: broker
The U.S. tariff gap between Vietnamese goods and those from four other Southeast Asian countries would not erode Vietnam’s competitive edge in manufacturing and investment, said Hanoi-based Vietcombank Securities (VCBS).
Economy - Fri, August 8, 2025 | 12:24 pm GMT+7
Land clearance for Vietnam's North-South high-speed railway project to start on December 19
Prime Minister Pham Minh Chinh has requested localities to start land clearance en masse for the gigantic North-South high-speed railway project on December 19.
Economy - Fri, August 8, 2025 | 11:52 am GMT+7
Vietnam might launch pilot digital asset exchange in August
A digital asset exchange might be launched in August on a pilot basis, Deputy Minister of Finance Nguyen Duc Chi told a government press meeting on Thursday.
Finance - Fri, August 8, 2025 | 11:25 am GMT+7
Vietnam’s steel giant Hoa Sen spends $34 mln on land near Long Thanh airport for urban development
Hoa Sen Group (HoSE: HSG), Vietnam’s top producer of coated steel products, has spent VND900 billion ($34.3 million) acquiring land for a major urban development project in the southern province of Dong Nai.
Real Estate - Fri, August 8, 2025 | 8:22 am GMT+7
Halal market presents major opportunities for Vietnamese businesses
The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.
Economy - Thu, August 7, 2025 | 9:18 pm GMT+7
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
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