Open to new wave of investment

The Khanh Hoa Provincial People's Committee has just approved the Investment Promotion Program for 2025 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 2021-2025 period, but also an important stepping stone for Khanh Hoa to realize its vision of becoming one of the 15 provinces and cities with high per capita income in the country by 2030. Also starting 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 improve 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 will also be promoted. The health sector will be focused on development through the construction of high-quality medical facilities, medical tourism and the application of technology in health care.

Cam Ranh Bay area is identified as a key investment attraction area.

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

Mr. Chau Ngo Anh Nhan - Director of the Department of Finance said that recently, the province has established the 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 policies and 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 administration, make information on planning, land, environmental resources transparent and publicize the process of handling administrative procedures related to the fields of investment and construction, further improving the convenience and convenience for investors when coming to learn about investment opportunities, as well as implementing investment procedures.

Target markets

Currently, the world economic and geopolitical situation is experiencing strong fluctuations. The US-China trade war is creating great opportunities for Vietnam in general, and Khanh Hoa in particular, to welcome a new wave of investment from businesses moving from China to Southeast Asian countries. Therefore, the Provincial People's Committee has prepared the necessary conditions to prepare for this new opportunity.

In the 2025 Investment Promotion Program, the Provincial People's Committee has identified three key economic zones to attract investment, including: Van Phong Economic Zone, Nha Trang City and Cam Ranh Bay area. Key markets to attract investment are markets with large economies such as Japan, South Korea, Singapore, Germany, the United States, Australia, Taiwan (China)...; partner countries are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Vietnam - EU Free Trade Agreement (EVFTA).

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, and information system and database development. In addition, the province will organize domestic and foreign investment promotion events, while promoting on-site investment promotion activities, dialogues, seminars, and exchanges to promptly resolve 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.

Mr. Nguyen Tan Tuan - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, Secretary of the Provincial 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. With what it has, 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 committed 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, it 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 attract investment to attract leading enterprises in the world to invest.

DINH LAM

Source: https://baokhanhhoa.vn/kinh-te/202503/mo-cua-don-lan-song-dau-tu-moi-8910fe1/