Khanh Hoa's economy makes growth

With the comprehensive leadership of Khanh Hoa Province Party Committee, the participation of the entire political system and the active participation of the people and the business community, the Provincial People's Committee has resolutely directed and managed to bring the province's economy to continue its strong growth momentum. This is an important premise for Khanh Hoa to complete the economic growth target of 8.1% in 2025 and aim to reach double digits in the coming years.

Bright spots

In the first 9 months of 2025, the socio-economic situation in the province achieved comprehensive results in all fields. The economy grew quite well compared to the same period, notably: Gross Regional Domestic Product (GRDP) increased by 7.0%; Industrial Production Index (IIP) increased by 6.42%; Total retail sales of goods and consumer service revenue increased by 15.6%; Total export turnover of goods increased by 8.7%...

Du Long Industrial Park, Thuan Bac commune.

In particular, by October, the total state budget revenue in the province has reached VND30,813 billion, exceeding the Prime Minister's estimate by 10.1%; exceeding the Provincial People's Council's estimate by 4.1% and increasing by 48.6% over the same period last year. Of which, domestic revenue is more than VND29,273 billion, exceeding the Prime Minister's estimate by 15.8%; exceeding the Provincial People's Council's estimate by 8.9% and increasing by 60.1% over the same period last year. In the tourism, the total number of visitors is estimated at more than 14.8 million, an increase of 16.1% over the same period in 2024, reaching 94.3% of the annual plan. Total revenue from tourists is estimated at nearly VND 60,319 billion, up 20.1% over the same period, reaching 90.8% of the annual plan. This shows that Khanh Hoa tourism is on track to complete the 2025 target early.

Along with solutions to improve the investment environment and enhance the provincial competitiveness index, Khanh Hoa continues to affirm itself as an attractive destination for domestic and foreign investors, especially large corporations in the world. Since the beginning of the year, the province has successfully organized many investment promotion delegations and cooperation connections in countries such as Russia, Korea, Australia, Poland, Czech Republic, Switzerland, Singapore, etc., welcoming and working with many investors interested in the investment environment and project development in the province; thereby, attracting strategic investors with capacity, reputation and experience to invest in the province. At the same time, the province continues to maintain dialogue conferences with enterprises and organize working delegations to visit and encourage enterprises to promptly remove difficulties and obstacles arising in the context of operating a two-level local government, as well as affirm the viewpoint of always accompanying enterprises, the development of enterprises is also the development of the province. Up to now, the province has attracted 66 non-budget investment projects with a total registered investment capital of about 458.6 trillion VND. Some large-scale projects in the industrial and urban sectors create driving forces for growth such as Ca Na Industrial Park (3,875 trillion VND); Ca Na LNG Thermal Power Plant (56 trillion VND); Cam Lam New Urban Area (283.3 trillion VND); Mui Co - Bai Ran Complex (4.2 trillion VND); Dam Mon New Urban Area (25.6 trillion VND); Tu Bong New Urban Area (VND 43 trillion)...

Social security has been focused on, implemented fully, promptly, publicly and transparently. The program to eliminate temporary and dilapidated houses has achieved good results and has been completed. Disease prevention and control, health care and protection for the people have been strengthened. The fields of culture - society, national defense, security and operation of the two-level local apparatus in the province have also achieved positive results. This is an optimistic signal, demonstrating the high determination and consensus of the whole province, creating an important foundation for a breakthrough in the fourth quarter and the whole year of 2025.

Solutions strengthened

To complete the target of GRDP growth in 2025 reaching 8.1%, the GRDP growth requirement in the fourth quarter of 2025 needs to reach 11%. Therefore, the Provincial People's Committee directs departments, branches, agencies, units and localities to seriously grasp, synchronously, resolutely and effectively implement tasks and solutions for socio-economic development according to the Conclusions of the Central Committee, the Politburo, resolutions of the National Assembly, the Government, the direction of the Prime Minister and resolutions and conclusions of the Provincial Party Committee; promptly develop and promulgate the Plan to implement the Provincial Party Committee's Action Program to implement the Resolution of the 1st Provincial Party Congress, term 2025 - 2030; continue to give maximum priority to promoting economic growth, focusing on promoting 4 economic growth drivers including industry, energy, tourism - services; urban - construction; organize working sessions, meetings and dialogues with enterprises to promptly grasp, remove difficulties, promote production and business activities.

Seafood processing of an enterprise in Suoi Dau Industrial Zone.

At the same time, departments, branches and investors need to prioritize focusing on accelerating the disbursement progress of public investment capital; strive to achieve 100% of the public investment plan by the end of 2025 in accordance with the Government's direction. In the state budget collection work, the province strives to collect 25% more than the Government's assigned estimate in 2025, associated with practicing thrift and combating waste in regular expenditure; speed up the implementation of important national infrastructure projects, inter-regional and key projects of the province; carry out well the work of site clearance, support and resettlement in accordance with the schedule set by the Central Government to implement the North-South High-Speed ​​Railway Project, Ninh Thuan Nuclear Power Plant Project 1 and 2; speed up the progress of investment in Bac Ai Pumped Storage Hydropower Project (1,200 MW) and Phuoc Hoa (1,200 MW), LNG Ca Na (1,500 MW)...

In addition, from the province to the grassroots level, it is necessary to continue to operate smoothly and effectively the activities of the two-level local government, avoiding congestion and interruptions that affect public service activities, handling administrative procedures, and providing online public services to people and businesses. In addition, the Provincial People's Committee requested departments and branches to strengthen the inspection and supervision of projects, especially projects with large investment capital; strengthen solutions to improve the investment environment, promote investment, create an open and transparent investment environment to attract domestic enterprises and FDI enterprises; Strengthening the attraction, filling and putting into operation of secondary investors in industrial parks and clusters, namely Ninh Thuy, Du Long, Phuoc Nam, Trang E 2, Song Cau...

The economy of the province in the first 9 months of 2025 has shown that the management of the Provincial People's Committee is very drastic, flexible and effective. The strong rebound from budget revenue, pillar industries such as industry, energy, tourism... growing strongly, not only affirms the province's internal strength, but also serves as a solid foundation for the province to complete and exceed the targets for 2025 and the following stages.

Dinh Lam

Translated by T.T