On June 8, news from Khanh Hoa Provincial People's Committee said that as of May 2026, Khanh Hoa's economy continued to record many positive signals when GRDP increased by 8.37% compared to the same period.
Total social development investment capital reached 21,870 billion VND, an increase of 16.8%; industrial production index increased by 6.6%; total retail sales of goods and consumer service revenue reached more than 72,465 billion VND, an increase of 17.6%.
Notably, state budget revenue in the first 4 months of the year reached more than 18,389 billion VND, equal to 48.9% of the estimate and an increase of 76.2% compared to the same period last year.
According to Mr. Chau Ngo Anh Nhan - Director of the Department of Finance, although the growth rate has not reached the set scenario, the province has synchronously implemented many socio-economic development solutions.
The work of perfecting institutions and administrative reform is focused on; at the same time, proactively proposing to the Central Government to improve mechanisms and policies for development in accordance with local practices.
Khanh Hoa is gradually transitioning to a new growth model, taking science, technology, innovation and digital transformation as driving forces. In 2025, the digital economy contributed 8.17% of GRDP.
The economic structure continues to shift towards increasing the proportion of services and industry - construction, gradually reducing the proportion of agriculture, forestry and fishery.
Along with that, the province promotes investment, trade and tourism promotion to diversify the market.
Socio-economic infrastructure continues to be invested synchronously and modernly with many key expressways put into operation such as Nha Trang - Cam Lam, Cam Lam - Vinh Hao and Van Phong - Nha Trang. Many other important transport projects are also being implemented.
Vice Chairman of the Provincial People's Committee Tran Hoa Nam said that right from the beginning of the year, the province has focused on directing the implementation of the double-digit growth target.
The locality has built monitoring and urging tools and will continue to strengthen solutions to remove difficulties in the coming time.
In parallel with improving the investment environment, Khanh Hoa is promoting the attraction of projects into economic zones and industrial parks. At the end of May, the Provincial Economic Zone and Industrial Park Management Board awarded investment registration certificates to 13 projects with a total capital of nearly 7,500 billion VND.
In which, Ninh Tho Industrial Park Project with a scale of 327ha, total investment capital of more than 3,800 billion VND, is expected to expand the industrial land fund, creating attraction for secondary investors.
Shortening investment procedures and removing obstacles in infrastructure and land are creating a foundation for Khanh Hoa to attract more new capital flows, towards the goal of sustainable growth and reaching double digits in the coming years.
To create motivation to complete the double-digit growth target in the period 2026 - 2030, Khanh Hoa Provincial People's Committee has proposed to the National Assembly and central agencies to consider issuing a resolution to replace Resolution No. 55/2022 on specific mechanisms and policies for provincial development.
The province proposes to soon issue regulations to remove difficulties for backlog and prolonged projects; support capital for the West Nha Trang flood drainage system project and other key projects.
