In order to recover the economy in the current context and after the Covid-19 epidemic, People's Committee of Khanh Hoa province has proposed the Ministry of Planning and Investment to consider and solve a number of issues to open up opportunities to attract investment in socio-economic development of the province in the coming time.
In order to recover the economy in the current context and after the Covid-19 epidemic, People's Committee of Khanh Hoa province has proposed the Ministry of Planning and Investment to consider and solve a number of issues to open up opportunities to attract investment in socio-economic development of the province in the coming time.
Many big enterprises interested in Khanh Hoa
In 2021, the whole province attracted 22 new investment projects with a total registered capital of 5,844 billion VND, including 5 new projects in Van Phong Economic Zone, 1 new project in Ninh Thuy Industrial Zone and 1 new project in Suoi Dau Industrial Zone with a total registered capital of more than 1,321 billion VND… In the first 4 months of 2022, the province attracted 5 investment projects with a total registered capital of 436 billion VND. In addition, there is one investment project in industrial zone infrastructure with a total capital of 1,800 billion VND, which is being appraised by the Ministry of Planning and Investment and submitted to the Prime Minister for approval of the investment policy.
At present, many corporations are interested in the investment and proposing projects in the province. Specifically, General Electric Vietnam has worked with the province to find investment opportunities; McKinsey & Company Vietnam Co., Ltd. and FPT signed an agreement to make the planning of Khanh Hoa province for the period of 2021-2030, with a vision to 2050. Large corporations such as T&T, Vingroup, Sungroup, IIPG, Hoa Phat… have officially suggested investing in areas such as industrial zones, real estate, trade and tourism.
During the past time, the province has focused on attracting foreign direct investment into industries and projects with large spillover effects, developing industry, and attracting investment in Van Phong Economic Zone. Khanh Hoa's investment environment has also gradually improved, regaining investors' belief.
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New prospects
On January 28, 2022, the Politburo issued Resolution No. 09-NQ/TW on building and developing Khanh Hoa province to 2030, with a vision to 2045. The resolution sets the target for Khanh Hoa province to become a city directly under the Central Government by 2030 on the basis of upholding potentials and advantages of the sea, and being a smart, sustainable city with international connectivity. At the same time, Khanh Hoa will become a central growth pole of the South Central Coast - Central Highlands and the whole country in marine economy, high-tech industry, science and technology... This is a great opportunity for Khanh Hoa to attract investment. The province is proposing to the Central Government to pilot a number of specific mechanisms and policies for the province’s development; urgently formulate and adjust the general planning to serve as a basis for orienting investment attraction in the coming time.
Nguyen Tan Tuan - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee said that in order to recover the economy in the current context and after the Covid-19, the Provincial People's Committee has proposed to the Ministry of Planning and Investment to support Khanh Hoa in formulating and proposing specific mechanisms and policies for the province's development; support the province in the process of implementing and formulating the provincial planning project for the period of 2021-2030, with a vision to 2050; adjust the general planning of Van Phong Economic Zone and Nha Trang City to 2040 and formulate a new urban master plan in Cam Lam district as a basis for attracting development resources. The Provincial People's Committee also proposed the Ministry of Planning and Investment to consider supplementing gas power projects, large-scale liquefied gas terminal depots in the southern area of Van Phong Economic Zone into the planning to create a driving force for development of Van Phong Economic Zone in particular and Khanh Hoa province in general in order to have a basis to attract investment in developing Van Phong Economic Zone in accordance with the planning orientation approved by the Prime Minister.
It is known that in the investment promotion program for the period of 2021-2025, the provincial People's Committee will focus on attracting investment and developing three key economic regions, namely Van Phong Bay, Nha Trang City and Cam Ranh Bay; giving priority to building Van Phong Economic Zone into a coastal economic zone as multi-sector and multi-field feature as well as a dynamic economic region of the province and the South Central region. The province also continues to implement the goal of prioritizing investment attraction in large, important industrial projects with development motivation such as Ninh Hai Industrial Zone, Doc Da Trang Industrial Zone, Ninh Tinh Industrial Zone, Van Thang Industrial Zone, and South Cam Ranh Industrial Zone...
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From 2021 to 2025, the province aims to attract at least 250,000 billion VND in new registered investment capital, including at least VND 150,000 billion for Van Phong Economic Zone. The disbursed capital is at least 75,000 billion VND.
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Dinh Lam
Translated by T.T
