Khanh Hoa province calls for investment in massive projects
The south-central coastal province of Khanh Hoa is set to call for investment worth billions of USD from foreign and domestic business giants at a conference slated for April 2.
An aerial view of Nha Trang city in Khanh Hoa province. (Photo: Shutterstock)
Khanh Hoa (VNA)🦋 – The south-central coastal province of Khanh Hoa is set to call for investment worth billions of USD fromforeign and domestic business giants at a conference slated for April 2.
The province is scheduled to announce in-principleapprovals for a 1,250-hectare urban project near Cam Ranh Bay with registeredcapital of nearly 85.3 trillion VND (3.6 billion USD) and the 89-hectare Dien Khanhadministrative urban area with registered capital of 2,012 trillion VND. Other real estate projects include a social housingproject in Cam Nghia ward, Cam Ranh city, with registered capital of 3.756 trillion VND; the 71.5-hectare VCN eco-urban area, withregistered capital nearly 9 trillion VND; and the HonNgang-Bai Cat Tham maritime eco-tourism resort in Van Phong Economic Zone, withregistered capital of 25 trillion VND. The Republic of Korea’s CS Wind Corporation is set to receive aninvestment registration certificate or sign a memorandum of understanding (MoU)for a 130 million USD wind tower and monopile factory, covering 32.22 hectares inNinh Thuy Industrial Park, Van Phong Economic Zone. Viglacera, Vietnam's leading manufacturer of buildingmaterials, is expected to receive an in-principle approval or sign a memorandumof understanding for its 1.8 trillion VND Doc Da TrangIndustrial Park project. Khanh Hoa province also said it would sign deals oninvestment promotions with FPT and Mckinsey & Company Vietnam, and an MoUon investment in Vinschool with private conglomerate Vingroup. The province will also sign MoUs on investment inindustrial parks, including a 350-hectare Nam Cam Ranh IP with Trung NamConstruction Investment Corp.; a 480-hectare Ninh Son IP with SSI JSC;300-hectare Xuan Son with Sinnec JSC; 250-hectare Ninh Diem 1 and 215-hectareNinh Diem 2 with Becamex IDC; and a 290-hectare Ninh Diem 3 with Sonadezi. Other key projects include the 750-hectare Ninh Tinhseaport with Saigon Newport Corporation, a 4,800-hectare Hon Lon tourism-urbancomplex and an airport in Van Thang commune with major realty developer SunGroup, a software-technology urban complex linked with FPT, green socialhousing with Capital House, and cooperation with Japanese retailer Aeon Mall./.
As 2023 brings new opportunities for tourism development, the south-central coastal province of Khanh Hoa is looking to establish itself as a key tourism hub in the country.
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An aerial view of Nha Trang city in Khanh Hoa province. (Photo: Shutterstock) 
