Khanh Hoa takes advantage of special mechanisms to effectively exploit marine economic potential

The positive results achieved by Khanh Hoa in 2024 show that the special mechanisms and policies granted by the Central Government to this locality have been effective, especially creating an effect to help effectively exploit the marine economic potential of Van Phong Economic Zone.

Khanh Hoa takes advantage of special mechanisms to effectively exploit marine economic potential

The positive results achieved by Khanh Hoa in 2024 show that the special mechanisms and policies granted by the Central Government to this locality have been effective, especially creating an effect to help effectively exploit the marine economic potential of Van Phong Economic Zone.

Khanh Hoa is building Nha Trang City into a core urban area, the economic center of the province.

Painting with bright colors

Chairman of Khanh Hoa Provincial People's Committee, Mr. Nguyen Tan Tuan said that in 2024, the province has completed and exceeded 22/22 socio-economic targets according to the Resolution of the Provincial People's Council set out at the beginning of the year. In particular, some important targets such as the total product in the province (GRDP) is estimated to increase by 10.16% compared to 2023, ranking 7th in the country and 2nd in the North Central and Central coastal regions; total export turnover is estimated at 2,044.7 million USD, up 16.5% compared to 2023; state budget revenue reaches 20,100 billion VND, up 11.3% compared to 2023, of which domestic revenue reaches 17,321.8 billion VND, up 12.5% ​​compared to 2023; Total social development investment capital is estimated at 80,569 billion VND, an increase of 13.1% compared to 2023...

In 2024, many important plans were approved by competent authorities, serving as a basis for managing, attracting and effectively using resources such as: Cam Lam New Urban Master Plan to 2045, Adjustment of Nha Trang City Master Plan to 2040, Project to Adjust Cam Ranh City Master Plan to 2045, Project to Adjust Dien Khanh Urban Master Plan to 2040, Project to Plan Construction of Khanh Vinh District to 2030, vision to 2050.

The province also speeds up the progress of covering zoning plans (currently, 4/19 zoning plans in Van Phong Economic Zone, 3 zoning plans in Cam Lam district and 2 zoning plans in Nha Trang city have been approved). Adjusting district-level land use plans and plans to ensure consistency and uniformity according to regulations.

Many key, large-scale investment projects have been accelerated to be completed and put into operation, creating momentum for the province's socio-economic development. In 2024, the Van Phong 1 BOT Thermal Power Plant Project of Sumimoto Group (Japan) will officially come into operation.

“This is the largest foreign investment project in Khanh Hoa province to date, with a total investment of nearly 2.58 billion USD, including 2 units with an installed capacity of 1,432 MW, contributing to increasing the total value of industrial products in 2024 of the province by 18.5% compared to 2023,” said Mr. Tuan.

In addition, many key national infrastructure projects have also focused resources, accelerating construction progress such as Cam Lam - Vinh Hao Expressway (completed and put into operation from April 2024); Van Phong - Nha Trang Expressway (basically 100% of the site has been handed over, expected to be completed on April 30, 2025); Component Project 1 of the Khanh Hoa - Buon Ma Thuot Expressway Construction Project Phase I (nearly 90% of the site has been handed over, expected to be completed in 2026).

The locality has started construction of many other key projects such as the traffic road from National Highway 27C to Provincial Road DT.656 connecting with Lam Dong and Ninh Thuan provinces; the coastal road from Van Luong commune (Van Ninh district) to Ninh Hoa town; upgrading and expanding Provincial Road 1B...

Make the most of the special mechanism

After the National Assembly issued Resolution No. 55/2022/QH15 dated June 16, 2022 on piloting a number of specific mechanisms and policies for the development of Khanh Hoa, the province has synchronously implemented tasks and solutions to make the most of specific mechanisms and policies. In particular, the task considered to be of utmost importance is to accelerate the progress of establishing and completing the approval of plans, as a basis for attracting strategic investors, implementing land acquisition policies in Van Phong Economic Zone, Cam Lam District and preferential policies for strategic investors in Van Phong Economic Zone.

“In addition, the province is also determined to reform administration, improve the investment and business environment, enhance provincial competitiveness; strengthen investment promotion, sign memorandums of understanding on cooperation with large corporations and investors from countries with advanced science and technology such as the US, Korea, Japan, etc. Thereby, expanding opportunities to search for and attract investment projects in innovation, information technology, clean energy industry, high-tech processing and manufacturing industry, logistics, etc., in accordance with the priority areas of attraction according to Resolution No. 55/2022/QH15 of the National Assembly,” Mr. Tuan shared.

According to Mr. Tuan, up to now, a number of specific mechanisms and policies have been implemented and achieved many positive results. Specifically, regarding mechanisms and policies on financial management and state budget, based on Decision No. 756/QD-TTg dated August 1, 2024 of the Prime Minister, Khanh Hoa province has been supplemented with 60.4 billion VND from the central budget revenue increase source according to Resolution No. 55/2022/QH15 of the National Assembly, along with the 2023 revenue surplus bonus source with an amount of 9.4 billion VND. The province has agreed to allocate the above capital to implement the project of purchasing medical equipment to improve medical capacity and the quality of health care for the people.

The province has allocated 186.6 billion VND of increased revenue from districts, towns and cities to support Khanh Son and Khanh Vinh districts in building new and repairing houses for poor and near-poor households and investing in projects that link and connect communes, improve people's lives and achieve poverty reduction goals.

Regarding land management, Khanh Hoa Provincial People's Council has issued resolutions allowing the conversion of rice-growing land (under 500 hectares) to other purposes to implement the Dien Tho Industrial Cluster Project (Phase II); issued a list of projects to be organized to conduct investigation, survey, measurement, inventory, and verification of land origin and assets attached to land in Van Phong Economic Zone.

Regarding the separation of compensation, support, resettlement, and site clearance projects from public investment projects, the Provincial People's Council issued Resolution No. 09/2022/NQ-HDND dated September 23, 2022 on promulgating the list of public investment projects to pilot the separation of compensation, support, resettlement, and site clearance projects from public investment projects in Khanh Hoa province.

Up to now, the province has 3 projects in the project list that have completed the investment policy approval procedures and are continuing to approve investment decisions for component projects, including: Dien Khanh District Inter-regional Traffic Road Project; Upgrading and renovating Provincial Road 6 - DT.651G (Phase II); Coastal Road Project from Van Luong Commune, Van Ninh District to Ninh Hoa Town.

At the conference to announce the planning and investment promotion of Khanh Hoa province on April 2, 2023, the Provincial People's Committee signed 11 memorandums of understanding with major investors on investment research for projects in Van Phong Economic Zone and industrial parks, including 2 seaport projects and 1 airport project.

“After investors propose specific projects and zoning plans are approved, the province will consider approving investment policies for investment projects in the construction and operation of airports, investment in ports, port areas belonging to special seaports; ports, port areas, general ports, specialized ports with investment capital of VND2,300 billion or more belonging to class I seaports,” said Mr. Tuan.

In 2025, Khanh Hoa province has a specific plan to be ready to enter a new era of comprehensive and strong development, completing the important goal set by the Politburo for the province to become a centrally-run city by 2030.

Along with that, to promote its role as a connecting center of the South Central and Central Highlands regions, Khanh Hoa has proactively organized connections and cooperation for development with provinces in the region.

“The province has been active in proposing and contributing ideas to specific mechanisms and policies of the region, especially policies on tax incentives, land and water use, technical support, and technology transfer to attract businesses and economic sectors to invest in activities and cooperate to form clusters of marine economic sectors. Once the specific mechanisms and policies are approved, it will create conditions for the whole region in general and Khanh Hoa province in particular to make a breakthrough,” the Chairman of Khanh Hoa Provincial People's Committee shared.

Source: https://baodautu.vn/khanh-hoa-tan-dung-co-che-dac-thu-khai-thac-hieu-qua-tiem-nang-kinh-te-bien-d243567.html