Topic: Khanh Hoa

South-central province’s Van Phong Economic Zone has 19 subdivisions with a focus on the sea-based economy.

The Khanh Hoa Department of Tourism has worked with others since the beginning of the year to hold a host events to restore the local tourist market. With the opening of direct flights from Cam Ranh to Almaty, Kazakhstan, on October 26, travel businesses in the south-central province will focus on that country’s tourist market and others in central Asia and Eastern Europe. The province welcomed nearly 2.3 million visitors in the first ten months of 2022, 4.6-fold higher than in the same period last year, of which international visitors reached nearly 190,000, or 9.2-fold higher.

According to the urban land use plan for the beach city of Nha Trang in south-central Khanh Hoa province, the area of agricultural land will decrease by 2030 as non-agricultural land increases sharply, of which commercial and service land will rise nearly four-fold. Of note, the land area for entertainment will expand nearly 14-fold.

The objective of planning for the Cam Lam New Urban Area on nearly 55,000 ha in south-central Khanh Hoa province is to develop an airport urban area in combination with a global financial-intelligence and innovation center, and to build the world’s leading entertainment and shopping center and paradise resort. The population in the Cam Lam New Urban Area is tipped to be 320,000 by 2030 and 770,000 by 2045.

The National Assembly (NA) passed a Resolution on June 16 on piloting a number of specific development mechanisms in south-central Khanh Hoa province, to be implemented over five years from August 1. Regarding the development of the Van Phong Economic Zone, the Resolution stipulates a list of industries and occupations prioritized to attract investment.