Khanh Hoa Approves Industrial Projects Worth 10.8 Trillion VND

Khanh Hoa Province in south-central Vietnam has approved industrial projects worth a total of 10.8 trillion VND (approximately US$420 million), marking a significant step in the province's economic development strategy. The province is prioritizing the "advancement and sustainable development of marine aquaculture" as a key breakthrough. Under a government resolution, Khanh Hoa aims to achieve an average annual growth rate of 8% in marine aquaculture value by 2030, with marine farming accounting for 15% of the total fisheries production value. To achieve this, the province is reorganizing farming zones to reduce pressure on coastal waters and expand offshore farming. Furthermore, Khanh Hoa is working to establish itself as a "Halal-friendly destination," actively attracting strategic partners and investors from countries with strong Halal logistics, tourism, manufacturing, processing, and agricultural sectors. This aligns with Vietnam's broader strategy to expand exports to Islamic markets. These investments are occurring within a context where Vietnam is projected to remain a growth leader in Southeast Asia. The approvals in Khanh Hoa signal concrete actions towards industrial upgrading and enhancing international competitiveness for the province and Vietnam as a whole. Source: VietnamPlus English