In March 2025, the Van Phong Economic Zone Management Board reported on the implementation of a number of key projects.
According to the report, the Tu Bong New Urban Area Project and Dam Mon New Urban Area are currently waiting for the Ministry of Finance to appraise the investment policy.
The Co Ma High-end Urban Area Project basically ensures the set progress in investor selection, project contract signing, compensation, site clearance... expected to start construction in July 2025.
The Doc Da Trang Industrial Park project is expected to start construction on April 2, 2025. The Hon Ngang - Bai Cat Thuc leotic eco-tourism project is expected to start construction in March 2025.
For the Ho Na High-end Resort Project, the Department of Agriculture and Environment is currently announcing the plan and list of land plots to be auctioned for land use rights and develop an auction plan. The Doc Let - Phuong Mai Tourist Area Project is focusing on site clearance and adjusting investment projects.
It is known that Van Phong Economic Zone applies specific development mechanisms and policies according to Resolution No. 55/2022/QH15, with many advantages, especially for strategic investor projects in 7 groups of priority industries and occupations to attract and invest in the economic zone.
Once the strategic project has been approved by the Prime Minister for investment policy, the Van Phong Economic Zone Management Board, Khanh Hoa province will conduct measurements, counts, and verification of land origin before announcing land acquisition; when participating in the strategic investment, investors only need to apply prices according to that time to compensate, shorten time, and create favorable conditions for investors to soon start the project.
By the end of 2024, Van Phong Economic Zone has attracted 146 investment projects; of which, there are 121 domestic projects and 25 foreign-invested projects, with a total registered capital of about 5.1 billion USD, the realized capital is 3.27 billion USD, reaching 64.12% of registered capital. Currently, 104 projects have been put into operation, creating jobs for about 8,500 workers.
In 2024, the Doc Da Trang Industrial Park Infrastructure Investment and Business Project with a total capital of VND 1,807 billion was approved by the Prime Minister for investment policy for Viglacera Yen My Joint Stock Company; the Co Ma High-end New Urban Area Project (about VND 5,900 billion) completed the selection of investors in December 2024.
