In November 2024, Khanh Hoa province responded to voters on the progress of projects in Van Phong Economic Zone, including Dam Mon high-end new urban area, Tu Bong high-end new urban area, Hon Lon high-end resort and entertainment complex; Khai Luong mountain high-end service, tourism and entertainment complex; Doc Da Trang Industrial Park infrastructure investment and construction and business project.
For the Tu Bong New High-end Urban Area project (estimated capital of 39,000 billion VND) and the Dam Mon New High-end Urban Area project (capital of nearly 25,000 billion VND), the investment policy approval authority is under the Prime Minister's authority.
In which, the Ministry of Planning and Investment is the agency that organizes the appraisal of the project's investment policy.
Up to now, Khanh Hoa province has sent a document to the Ministry of Planning and Investment to clarify some contents of the dossier requesting approval of the two above-mentioned projects and wait for the Ministry to appraise according to regulations.
Regarding the Khai Luong Mountain High-class Resort and Entertainment Complex Project, Khanh Hoa province has decided to approve the Construction Zoning Plan (scale 1/2,000) of Khai Luong Mountain Tourist Area (belonging to Sub-Zone 2).
Currently, the investor is studying the project investment proposal in accordance with the actual situation and legal regulations. The Doc Da Trang Industrial Park Infrastructure Investment and Business Project (VND 1,800 billion) was approved by the Prime Minister in March 2024.
Currently, the investor is implementing the work of making a 1/2,000 scale zoning plan for Doc Da Trang Industrial Park as a basis for implementing the next steps. At the same time, carrying out the project's site clearance work. The project is expected to start construction in June 2025.
In April 2023, at the announcement ceremony of the master plan for the construction of Van Phong Economic Zone until 2040, with a vision to 2050, Khanh Hoa province granted investment policy decisions, investment certificates, memorandums of understanding, and cooperation agreements to strategic investors. A total of 22 sectors and fields were called for investment with 137 projects calling for investment. The total investment capital of the project was up to VND 91,500 billion.
According to the approved planning with 19 specific subdivisions. These are subdivision 1, Hon Lon Island Eco-tourism Area 4,929ha; subdivision 2, Khai Luong Mountain Tourist Area 2,180ha; subdivision 4, Vinh Yen - Mui Da Son Urban and Tourism Area 1,673ha; subdivision 8, Co Ma - Tu Bong Urban and Tourism Area 5,508ha; subdivision 17, North Hon Heo Urban and Industrial Area 3,679ha; subdivision 19, Nam Van Phong Industrial and Seaport Functional Area 6,987ha.
