The Van Phong Special Economic Zone is envisioned as an international maritime transshipment hub, a center for energy and marine industries, and a high-end coastal tourism destination.
The Excellence in Design for Greater Efficiencies (EDGE) certification is used in more than 129 countries and territories to assess buildings' performance in energy efficiency, water conservation and sustainable building materials.
The project is designed with a planned capacity of 1.5 million passengers per year by 2030, rising to 2.5 million by 2050. The total investment is estimated at nearly $350 million.
Khanh Hoa province now hosts 192 foreign-invested projects with a total registered capital exceeding $7.21 billion, ranking 15th nationwide in terms of FDI attraction.
Provincial leaders awarded investment approval decisions for eight large and diverse projects across various sectors as urban development, industry and energy, healthcare and education, and tourism and resorts.
The industrial park benefits from its prime location near the Van Phong seaport system and key expressways, such as Van Phong - Nha Trang and Khanh Hoa - Buon Ma Thuot.
Under the latest adjustments to development planning for Nha Trang to 2040, the beach city will become a national and international marine tourism hub.