The Golden Province of Khánh Hòa and Đắk Lắk: Unveiling a Prosperity of Mega Projects

Khánh Hòa Breaks Ground on 4 Key Projects

On August 19th, Sun Group’s subsidiary, Công ty TNHH Mặt trời Hạ Long, held a groundbreaking ceremony for the Nha Trang City Mixed-use Urban Area project.

According to reports, the project has completed the first phase of site clearance, encompassing 30.4 hectares. The remaining area of approximately 196 hectares is undergoing compensation and clearance processes by the People’s Committee of Nam Nha Trang ward.

The mixed-use urban area spans nearly 230 hectares and includes terraced houses, villas (23.7 hectares), social housing (5.9 hectares), schools, parks, green spaces, service areas, and parking lots. The project is expected to cater to around 20,000 people and entails an investment of over VND 17,330 billion.

Vice Chairman of the People’s Committee of Khanh Hoa province, Tran Hoa Nam, emphasized that the groundbreaking ceremony not only marks the beginning of four major projects but also demonstrates the province’s determination to transform Khanh Hoa into a modern, green, smart, and culturally rich city. He requested close coordination among departments to ensure the project’s timely execution and quality.

Meanwhile, in Nam Nha Trang ward, the Ho Chi Minh City University of Economics (UEH) commenced construction on its UEH Nexus Campus Nha Trang, a training and research facility.

Positioned as a global hub for scholars and knowledge, the UEH Nexus Campus Nha Trang spans 2.1 hectares within the Northern Hon Ong educational, training, and vocational area. The project boasts a modern, dynamic, green, and sustainable design with a VND 294 billion investment.

The campus will accommodate 2,000 students and provide 90 workspaces for staff and faculty, along with dedicated areas for research, innovation, community engagement, and student housing for 376 students. The project is slated for completion by the end of 2026.

On the same day, Khanh Hoa also broke ground on two other significant projects: the Doc Da Trang Industrial Park and a social housing project in the Thanh Hai resettlement area.

The combined investment for these four projects is nearly VND 20,200 billion.

Hoa Phat Invests in an Almost VND 84,000 Billion Steel Mill in Dak Lak

On August 19th, Hoa Phat Group held a ceremony to kickstart the construction of the Hoa Tam Industrial Park infrastructure and Bai Gok Port in Hoa Xuan commune, Dak Lak province.

Mr. Tran Dinh Long, Chairman of Hoa Phat Group, revealed that the Bai Gok Port and the integrated steel mill project carry a total investment of VND 120,000 billion for the 2025-2030 period.

The Hoa Tam Industrial Park – Phase 1 covers approximately 491.87 hectares and entails an investment of about VND 4,188 billion. The project aims to establish a synchronous infrastructure to facilitate the formation of the Hoa Phat Integrated Steel Mill with an annual capacity of 6 million tons. The steel mill project boasts a total investment of nearly VND 84,000 billion and will create jobs for over 24,000 workers, along with various auxiliary industries.

The Bai Gok Port project, undertaken by Hoa Phat Group’s subsidiary, has a scale of 12 berths capable of accommodating vessels up to 220,000 DWT. With a designed capacity of 26.7 million tons per year, the port will offer cargo handling, storage, and transportation services to meet the needs of the Hoa Tam Industrial Park, the oil refinery complex, metallurgy, and energy industries. Spanning approximately 306.91 hectares (including 83.75 hectares of land and 223.16 hectares of water surface), the project carries an investment of about VND 16,300 billion.

“Upon completion, these projects will elevate Vietnam’s position on the global steel industry map, contribute VND 10,000 billion to the state budget annually, and create jobs for 15,000 local workers directly and countless others indirectly,” emphasized Mr. Tran Dinh Long.

On the same day, the construction of the Phu Yen High-tech Industrial Park infrastructure project commenced. Undertaken by N&G Group, the project is located in Hoa Hiep ward, spanning over 250 hectares with a total investment of nearly VND 2,400 billion. The industrial park aims to attract high-tech industries.

Mr. Ta Anh Tuan, Chairman of the Dak Lak Provincial People’s Committee, affirmed that these three projects underscore the province’s growing investment appeal and mark the beginning of a new phase of development.

“I am confident that with the support and facilitation of the Central Government, the determination of provincial authorities, the consensus of the people, along with the investor’s reputation, capabilities, and strategic vision, these projects will succeed. They will play a pivotal role in shaping a dynamic, sustainable, and prosperous Dak Lak province,” Mr. Tuan emphasized.