Meeting with businesses and investors organized by Khanh Hoa Province - Photo: VGP/HT
Khanh Hoa enters a phase of accelerated development
The Business and Investor Meeting organized by Khanh Hoa province was attended by more than 300 leading businesses operating in key areas that Khanh Hoa prioritizes for development: Industry, energy, tourism - services - logistics and high-tech agriculture .
Speaking at the Conference, Mr. Nghiem Xuan Thanh, Secretary of Khanh Hoa Provincial Party Committee, emphasized the province's determination to realize Resolution 09 of the Politburo on building and developing Khanh Hoa. At the same time, he affirmed: "Khanh Hoa is determined to enter a decade of improving development with the requirement of economic growth, increasing budget revenue and raising per capita income to continuously reach double digits in the next ten years".
The province's goal is that by 2030, or sooner if conditions are favorable, Khanh Hoa will become a centrally-governed city. The province aims for a living and development environment where people have a high standard of living, a rich cultural and spiritual life, and a harmonious and happy society. Secretary Nghiem Xuan Thanh emphasized: "Khanh Hoa's determination is to reach the finish line early, in parallel with the country's goals but always proactively going first."
According to the Provincial Party Secretary, Khanh Hoa currently has all the elements of "heavenly time, favorable terrain, and harmonious people". Enterprises and businessmen, through speeches and clips at the conference, clearly recognized the special potential of the locality after the merger, including the area that used to belong to Ninh Thuan. Deputy Prime Minister Nguyen Tri Dung - who has a deep understanding of the region - also affirmed that Khanh Hoa possesses unprecedented advantages in terms of location, natural conditions, and human resources.
According to Resolution 09, Khanh Hoa considers the marine economy as the foundation for growth. The province focuses on developing tourism, services, logistics, resort tourism and renewable energy. Power Master Plan VIII determines that Khanh Hoa will have a capacity of 20,000 - 25,000 MW of electricity by 2030, mainly from clean energy sources such as solar power, wind power and gas power. Furthermore, two nuclear power plant projects, located in the area formerly belonging to Ninh Thuan, now belonging to the new Khanh Hoa, have also been approved by the Politburo and the National Assembly.
In addition, the province has identified four main development pillars: Industry, energy, tourism - services - logistics and high-tech agriculture. Deep sea areas, clean tidal water, no storms, no big waves create particularly favorable conditions for high-tech aquaculture, a direction that is being tested and is expected to become a new spearhead.
Mr. Nghiem Xuan Thanh, Secretary of Khanh Hoa Provincial Party Committee, speaks at the conference - Photo: VGP/HT
Breakthrough transport infrastructure, expanding connectivity
The head of Khanh Hoa province shared that in recent years, the province has received large investments from the central government in transport infrastructure, combined with local counterpart funds. The road, waterway, air and railway systems have all been upgraded and expanded, creating a breakthrough in connectivity.
In 2025, the Van Phong - Nha Trang expressway will be inaugurated, shortening the travel time within the province and connecting economic zones. In early 2026, the Nha Trang - Buon Ma Thuot route will be put into operation, reducing the distance from Nha Trang to the center of the Central Highlands to only 2 hours. In addition, the Nha Trang - Da Lat expressway project is being submitted to the Government, when completed, it will shorten the journey from Nha Trang beach to Da Lat plateau to only 60 minutes. This will be the most beautiful road in Vietnam, creating an important tourism - economic connection axis.
In addition, Khanh Hoa currently has 2 airports, according to the aviation planning until 2030, there will be 01 more international airport located in Van Phong, bringing the total to 3 airports. At the same time, the Central Government's policy on high-speed railway, implementing two routes Hanoi - Vinh and Ho Chi Minh City - Nha Trang, will shorten the travel time between Ho Chi Minh City and Nha Trang to 2 hours. Thereby, Khanh Hoa becomes a strategic transportation center of the country.
The conference was attended by many leading figures working in key areas that Khanh Hoa prioritizes for development. Photo: VGP/HT
According to the provincial leaders, Khanh Hoa's new industrial planning is expected to expand the area to 60,000 hectares. Currently, the total area of the province's industrial parks is only about 1,000 hectares, so there is still a lot of room for development and attracting investors. The presence of many leading investors at this conference shows the special attraction of Khanh Hoa in the industrial sector.
Not only that, Khanh Hoa is the only province to simultaneously enjoy two resolutions of the National Assembly on specific policy mechanisms, helping to create a legal framework and open, favorable mechanisms for businesses and investors.
Secretary Nghiem Xuan Thanh affirmed that Khanh Hoa will strongly shift from an administrative mindset to a service mindset, considering the success of businesses as the success of the province. The government is committed to cutting at least 50% of the time to handle administrative procedures, and establishing a set of KPIs to evaluate the service efficiency of each department, branch and each officer.
"Every week, the Chairman of the Provincial People's Committee and departments and branches maintain the "Business Coffee" program on Saturday mornings to directly resolve difficulties for businesses. Thanks to that, the province creates maximum conditions for projects to be implemented quickly and on schedule, while improving business satisfaction. The province is committed to thinking big, speaking the truth, doing the truth and being effective. The potential and opportunities are huge, we will act with real results," Secretary Nghiem Xuan Thanh affirmed.
According to the memorandum of understanding signed with the People's Committee of Khanh Hoa province, Vietcombank committed to providing a total credit scale of 50,000 billion VND, with preferential interest rates, for key projects - Photo: VGP/HT
50,000 billion VND preferential credit for large projects in Khanh Hoa
At the conference, many credit and investment cooperation contracts were signed, demonstrating the commitment of the financial system. From a banking perspective, Mr. Le Quang Vinh, General Director of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) said that Vietcombank is committed to always accompanying Khanh Hoa province and the business community in socio-economic development, while promoting the implementation of domestic and foreign investment promotion activities.
In the first 6 months of 2025, Vietcombank has implemented synchronous solutions to effectively increase credit growth at a reasonable rate, on the basis of ensuring liquidity and safety indicators. Credit focuses on production, infrastructure, industry and priority sectors in accordance with the Government's policy. By June 30, 2025, total credit of the entire Vietcombank system reached VND 1,601,922 billion, an increase of VND 159,489 billion (11.1%) compared to the end of 2024. Outstanding loan quality continues to be well controlled, with the bad debt ratio maintained below 1%.
With current development and planning orientations, Khanh Hoa will become the largest energy and clean energy center in the country. To date, Vietcombank has committed VND 8,000 billion in credit for power projects in the province such as Van Phong 1 Power, Song Giang Power, BP Solar 1, Thien Tan Solar and continues to accompany new energy projects...
Vietcombank also contributes to speeding up the progress of many key infrastructure projects such as highways and urban areas, in order to attract FDI capital and create a driving force for widespread growth...
In addition to its advantages in capital and experience in arranging key national projects, Vietcombank is also the leading bank in import-export market share with 20% of transactions and is a financial partner of more than 2,000 FDI enterprises, including many multinational financial corporations.
Thanks to a wide ecosystem (VCBS Securities Company, VCBF Fund Management Company associated with Franklin Templeton, VCB Leasing Financial Leasing Company, Remittance Transfer Company in the US and Vietnam, VVC Financial Company in Hong Kong), Vietcombank provides a closed chain of products and services from credit, guarantee, trade finance, bond issuance, payment, cash flow management, to IPO and M&A consulting for businesses investing in Khanh Hoa.
Vietcombank General Director said: In the coming time, Vietcombank will coordinate with Khanh Hoa province to synchronously deploy credit financing solutions. Notably, according to the memorandum of understanding signed with Khanh Hoa Provincial People's Committee, Vietcombank commits to providing credit with a total scale of 50,000 billion VND, with preferential interest rates, for key projects in industry, high technology, infrastructure, energy, transportation, seaports, agriculture, trade, services, tourism and real estate.
In addition, Vietcombank builds preferential policies for businesses and large customers when using products and services, and at the same time supports consulting and designing suitable financial solutions for each project, based on the introduction of the Provincial People's Committee.
Mr. Minh
Source: https://baochinhphu.vn/khanh-hoa-mo-rong-ket-noi-quyet-tam-tang-toc-phat-trien-102250727183142225.htm
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