Khanh Hoa opens to attract new investment

The People's Committee of Khanh Hoa Province has just approved the 2025 Investment Promotion Program with a focus on developing the digital economy, green economy and promoting innovation. Thereby, it aims to complete the goal of accelerating development and creating an attractive destination for domestic and foreign investors.

Strategic vision

2025 is not only the final year to complete the socio-economic goals for the period 2021 - 2025, but also an important stepping stone for Khanh Hoa to realize the vision of becoming one of the 15 provinces and cities with high per capita income in the country by 2030. Also starting from this year, the province is determined to enter a decade of continuous double-digit growth. To achieve this economic growth target, in the investment promotion program for 2025, the Provincial People's Committee's viewpoint is to promote investment in the fields of digital economic development, green economy, promoting innovation, digital transformation, strong application of science and technology, artificial intelligence, biotechnology, healthcare... to enhance the province's competitiveness in the long term. In particular, the province identifies green economy and digital economy as two main pillars. In the coming time, the province will focus on developing digital infrastructure, information technology, applying artificial intelligence and digital transformation solutions. At the same time, priority will be given to attracting investment in renewable energy, eco-tourism, high-tech agriculture and environmental protection projects. The construction of research and development centers, business incubators and encouraging startups are also promoted. The healthcare sector is focused on development through the construction of high-quality medical facilities, medical tourism and the application of technology in healthcare.

Cam Ranh Bay area is identified as one of key investment attraction areas.

At the same time, the province creates widespread connections between foreign investment areas and domestic economic areas, connecting global production and supply chains, promoting social responsibility, environmental protection; prioritizing inter-sectoral and inter-regional investment promotion activities; strengthening investment promotion activities combined with trade promotion, tourism, economic diplomacy, etc.

Chau Ngo Anh Nhan - Director of the Department of Finance said that recently, the province has established a Steering Committee for Investment Promotion and Enterprise Support headed by the Chairman of the Provincial People's Committee to focus on directing investment promotion activities, supporting investment procedures for key investment projects that the province attracts and supporting the resolution of difficulties and problems for enterprises. In addition to preferential and specific policy mechanisms according to Resolution No. 55 of the National Assembly, the province continues to improve administrative procedures, enhance the application of information technology in management and operation, make information on planning, land, environmental resources transparent and publicize the process of handling administrative procedures related to the investment and construction sectors, further enhancing the convenience and convenience for investors when coming to learn about investment opportunities, as well as implementing investment procedures.

Target markets

In the 2025 Investment Promotion Program, the Provincial People's Committee has identified 3 key economic zones to attract investment, including: Van Phong Economic Zone, Nha Trang City and Cam Ranh Bay area.

The province will implement a series of investment promotion activities, including market research and investment potential assessment, image building and investment environment promotion, investor support and guidance, information system and database development. In addition, the province also organizes domestic and foreign investment promotion events, while promoting on-site investment promotion activities, dialogues, seminars, and timely solutions to difficulties and problems of enterprises.

The Van Phong - Nha Trang expressway and the synchronous energy system will create investment attraction for Van Phong Economic Zone.

Nguyen Tan Tuan - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, Secretary of the Provincial People's Committee Party Committee said that in 2025, to achieve the target of double-digit growth, the province is strongly promoting cooperation in developing green economy, digital economy, green transformation, circular economy... to create green, environmentally friendly products that are competitive enough to participate deeply in global value chains. Khanh Hoa is opening a new chapter in its development journey, with attractive investment opportunities and strong growth potential.

In order to create favorable conditions for enterprises to invest in Khanh Hoa, Chairman of the Provincial People's Committee Nguyen Tan Tuan comfirms that Khanh Hoa will provide the best support for investors and enterprises in the process of implementing projects and doing business in the province. At the same time, the province will continue to strongly improve the investment and business environment and urgently accelerate the planning and completion of strategic transport infrastructure such as: Van Phong - Nha Trang expressway, Khanh Hoa - Buon Ma Thuot expressway to increase connectivity and investment attraction to draw leading enterprises in the world.

Dinh Lam

Translated by T.T