Vingroup eyes a megacity project in Khanh Hoa
An aerial view of Cam Lam district, Khanh Hoa province. Photo courtesy of Khanh Hoa Online.
Vingroup, Vietnam’s leading real estate developer, plans to build a mega urban area in Cam Lam district, Khanh Hoa province 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.
The project is expected to turn a rural and mountainous area into an international-class city, a leader of the corporation told Prime Minister Pham Minh Chinh when he led a government delegation to the site recently.
Cam Lam will 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, the representative said. Vietnam now has five centrally managed cities, namely Hanoi, Haiphong, Da Nang, Ho Chi Minh City and Can Tho.
PM Chinh asked Vingroup to consult with experts and local residents on the investment idea. “If implemented, it must be a green, smart city, a global intelligence center, while cultural space must be reserved. The investor should create a good model of resettlement for relocated residents, ensuring them to have a better life and long-term livelihood."
In related news, the prime minister has okayed Khanh Hoa People’s Committee’s proposal to draft an urban development plan for Cam Lam and a part of Cam Ranh town. The plan aims to develop the localities into an international-standard, eco-friendly and modern airport urban area.
- Read More
Taseco Group marks 20th anniversary, receives Second Class Labor Medal
Taseco Group in December 20 celebrated its 20th anniversary and received the Second Class Labor Medal – a prestigious award from the Party and State recognizing the company's outstanding contributions to socio-economic development.
Companies - Sun, December 28, 2025 | 12:55 pm GMT+7
Top 10 standout international events in 2025
The U.S.'s imposition of reciprocal tariffs, the Thailand-Cambodia border conflict, and the AI race are among the 10 prominent international events in 2025 as selected by Vietnam News Agency.
Politics - Sun, December 28, 2025 | 12:40 pm GMT+7
Vietnam’s jewelry major PNJ to pay cash dividend, seek share bonus as stock defies market slump
Phu Nhuan Jewelry JSC (HoSE: PNJ) said it will pay an interim cash dividend for 2025 at a rate of 10% and seek shareholder approval to issue bonus shares in January next year. Its stock has risen against a broader market correction.
Companies - Sun, December 28, 2025 | 11:12 am GMT+7
HCMC to launch Free Trade Zone linked to Cai Mep Ha Port
Ho Chi Minh City plans to establish a free trade zone (FTZ) linked to Cai Mep Ha Port, with future expansions to Can Gio, An Binh and Bau Bang, optimizing unique local advantages while maintaining a unified management model, according to a new resolution.
Infrastructure - Sun, December 28, 2025 | 8:00 am GMT+7
Vingroup's hospitality arm appoints new CEO
Vinpearl Joint Stock Company, a leading investor and operator of resorts and theme parks in Vietnam, has appointed Ngo Thi Huong as its new CEO, starting from Friday.
Companies - Sat, December 27, 2025 | 9:02 pm GMT+7
Advisory council recommends Vietnamese government not expand monetary policy in 2026, exercise more caution
Vietnam’s National Financial and Monetary Policy Advisory Council has recommended that the Government refrain from expanding monetary policy in 2026, adopt a more cautious approach, and coordinate monetary and fiscal policies in a balanced manner.
Consulting - Sat, December 27, 2025 | 4:01 pm GMT+7
Nguyen Thanh Phuong exits BVBank board, leads strategy board
Nguyen Thanh Phuong will step down from the board of directors at Vietnam’s private lender BVBank (BVB) for the 2025-2030 term, as decided at an extraordinary shareholders’ meeting on Friday.
Banking - Sat, December 27, 2025 | 12:03 pm GMT+7
PV Gas plans over $3.8 bln investment for 2026-2030, eyes LNG infrastructure, M&A as priorities
PV Gas, the investor of Thi Vai LNG terminal in Ho Chi Minh City, plans to invest more than VND100 trillion ($3.8 billion) in the 2026-2030 period, with LNG infrastructure and mergers and acquisitions (M&A) among its strategic priorities, said parent company Petrovietnam.
Industries - Sat, December 27, 2025 | 10:32 am GMT+7
HCMC proposes adding 5 metro lines connecting Long Thanh airport, Binh Duong, Vung Tau
The Ho Chi Minh City People’s Committee has proposed adding five metro lines to the appendix of the parliamentary Resolution No. 188 on piloting special mechanisms and policies to develop the urban railway network in Hanoi and HCMC.
Infrastructure - Sat, December 27, 2025 | 8:00 am GMT+7
Thaco enlarges charter capital by one-third ahead of Vingroup’s exit from high-speed rail bid
Vietnamese conglomerate Thaco Group has increased its charter capital by a third, just one day before rival Vingroup announced its withdrawal from the planned North-South high-speed railway project.
Companies - Fri, December 26, 2025 | 5:11 pm GMT+7
Le Ngoc Son appointed as Petrovietnam chairman
Petrovietnam's (PVN) CEO Le Ngoc Son has been appointed chairman of the state-owned group's members’ council.
Companies - Fri, December 26, 2025 | 4:54 pm GMT+7
Vietnamese fast food consumers spend average $5.5 per visit, chicken meals dominate
Vietnamese consumers are spending an average of VND144,500 ($5.5) per receipt at major fast-food chains, according to a December report by market research firm Q&Me.
Society - Fri, December 26, 2025 | 2:53 pm GMT+7
The aviation ecosystem game: Can Sun Group win?
Phu Quoc holds a rare advantage in having established a relatively comprehensive aviation ecosystem, comprising the expanded Phu Quoc International Airport and an airline bearing the island’s name – Sun PhuQuoc Airways.
Companies - Fri, December 26, 2025 | 2:44 pm GMT+7
Vingroup units, Idico sign strategic deal on clean energy, green transport
Four arms of Vingroup (HoSE: VIC) on Thursday signed a strategic cooperation agreement with major industrial park developer Idico, targeting clean energy supply and electrification of transport across the latter’s industrial zones.
Companies - Fri, December 26, 2025 | 2:19 pm GMT+7
Fueling Vietnam’s growth
Vietnam is heavily investing in large-scale, long-term projects in energy and infrastructure sectors which require billions of dollars far more than can be easily raised through internal business profits or tight domestic loans, writes Tim Evans, CEO, HSBC Vietnam.
Economy - Fri, December 26, 2025 | 1:38 pm GMT+7
Visa, Sun Group partner to empower personalized, data-driven tourism
Sun Group last Saturday signed a comprehensive strategic partnership with Visa to elevate the travel experience of international visitors to Vietnam through digital innovation, seamless cashless payments, and data-driven marketing solutions.
Companies - Fri, December 26, 2025 | 12:21 pm GMT+7
