JavaScript is off. Please enable to view full site.

Vietnamese gov’t gives go-ahead for $3.6bn urban area project in Khanh Hoa

Vietnamese gov’t gives go-ahead for $3.6bn urban area project in Khanh Hoa

Monday, April 03, 2023, 18:52 GMT+7
Vietnamese gov’t gives go-ahead for $3.6bn urban area project in Khanh Hoa
A leader of the People’s Committee of Khanh Hoa Province in south-central Vietnam (L) receives the investment certificate for a $3.6-billion urban area project in Cam Ranh Bay. Photo: Thuc Nghi / Tuoi Tre

The Vietnamese Ministry of Planning and Investment, on the prime minister’s authority, on Sunday gave the investment certificate for an urban area project with a registered investment of nearly VND85.3 trillion (US$3.6 billion) in Cam Ranh Bay in the south-central province of Khanh Hoa.

The investment certificate was granted at a conference to announce the provincial planning and investment plan in Khanh Hoa.

The project was designed to cover some 1,300 hectares of land and accommodate 230,800 people.

Upon completion, it will include around 8,500 detached houses, 10,700 villas, and 19,800 social houses.

At the conference, the People’s Committee of Khanh Hoa also gave the investment certificates for eight projects with combined registered capital of VND31.3 trillion ($1.3 billion).

They are mainly social housing, tourism-services, and industrial production projects.

In addition, the province inked memoranda of understanding with 16 investors who will study the feasibility of industrial park, traffic infrastructure, social housing, tourism, seafood farming, and information technology projects at an estimated cost of VND80.6 trillion ($3.4 trillion).

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Thanh Ha - Minh Chien / Tuoi Tre News


Read more




‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Latest news