Van Thang Industrial Park
- Investor: Updating
- Price: 25 USD/m2
- Area: 200 Ha
TTTFIC GLOBAL INVESTMENT PROFILE 2026
Vietnam has changed. So has its investment map.
Few provinces illustrate Vietnam’s new investment geography more clearly than Khanh Hoa.
Following the historic 2025 merger of former Khanh Hoa Province and former Ninh Thuan Province, the new Khanh Hoa has evolved from an internationally recognized tourism and maritime economy into a much larger integrated coastal investment platform.
Former Khanh Hoa contributed:
Former Ninh Thuan contributed:
Together, they create a strategic coastal corridor extending from:
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Along this corridor, the new Khanh Hoa combines:
This is no longer simply the investment story of Nha Trang.
The new Khanh Hoa Province was established in 2025 through the merger of the entire territories and populations of:
The new province has approximately:
The special zone is:
The merger fundamentally changes the economic scale and strategic geography of Khanh Hoa.
The former Khanh Hoa was already nationally and internationally recognized for:
The new Khanh Hoa additionally incorporates:
The result is:
The economic logic of the merger is highly complementary.
Tourism + Deep-Water Maritime Economy + Aviation + Industry + Services + Marine Economy
Energy + Renewables + Industrial Land + Agriculture + Aquaculture + Ca Na + Coastal Economy
Together:
This gives Khanh Hoa multiple major development poles rather than one dominant economic center.
The investment geography now extends from the Van Phong Economic Zone in the north to the Ca Na industrial–energy–logistics corridor in the south.
The post-merger Khanh Hoa economy entered 2026 with significant economic momentum.
In 2025:
Approximately:
Approximately:
Approximately:
Approximately:
Approximately:
Momentum continued into 2026.
In the first quarter of 2026, provincial GRDP increased approximately:
year-on-year.
This economic structure is increasingly supported by several major growth engines:
Khanh Hoa already has an established foreign-investment base.
By the end of the first quarter of 2026, the province had approximately:
with total registered foreign investment of approximately:
During Q1/2026 alone, four additional FDI projects were licensed with combined registered investment of approximately USD67.15 million.
The province is seeking further international investment across:
For international investors, the attraction of Khanh Hoa lies not merely in incentives.
It lies in the combination of:
FDI PROJECT COUNT ≠ NEW FDI PROJECTS
REGISTERED CAPITAL ≠ DISBURSED CAPITAL
INVESTOR INTEREST ≠ MOU
MOU ≠ APPROVED PROJECT
APPROVED PROJECT ≠ OPERATING PROJECT
TTTFIC sees the new Khanh Hoa as a multi-node investment system.
Economic Zone + Deep-Water Maritime Economy + Industry + Logistics
Industrial Parks + VSIP + Advanced Manufacturing + Logistics
International Tourism + Services + Healthcare + Education + Marine Economy
International Airport + Tourism + Industry + Logistics
Urban Services + Tourism + Agriculture + Aquaculture + Energy
Industry + Deep-Water Port + Energy + Logistics
The investment corridor becomes:
This is the geographic backbone of the new Khanh Hoa economy.
Van Phong Economic Zone (EZ) is one of Khanh Hoa’s most strategically important investment territories.
Its fundamental competitive advantage is:
Van Phong combines potential for:
Its strategic model is:
The wider development orientation also creates potential for technology, innovation and higher-value industrial activities.
For international investors, Van Phong therefore represents much more than a port location.
It is the northern anchor of Khanh Hoa’s future industrial and maritime economy.
ECONOMIC ZONE ≠ FREE TRADE ZONE
FREE-TRADE ORIENTATION ≠ OPERATING FREE-TRADE AREA
PLANNED INDUSTRIAL LAND ≠ READY INDUSTRIAL LAND
One of the clearest signals of Khanh Hoa’s changing industrial landscape is:
The arrival of the VSIP industrial-development model adds another important dimension to the province’s FDI proposition.
The project is oriented toward modern, cleaner and higher-value industries, with target sectors including:
This matters strategically.
Khanh Hoa has historically been known internationally much more strongly for:
VSIP can contribute to building another identity:
Its position within the wider Van Phong–Ninh Hoa industrial geography provides strategic access toward:
TARGET INDUSTRY ≠ OPERATING INDUSTRY
SEMICONDUCTOR ORIENTATION ≠ ESTABLISHED SEMICONDUCTOR HUB
PROJECT DEVELOPMENT ≠ COMPLETED INFRASTRUCTURE
PLANNED UTILITY CAPACITY ≠ AVAILABLE SITE-SPECIFIC CAPACITY
Industrial development is one of the sectors most transformed by the merger.
Under the adjusted provincial planning framework approved in June 2026, Khanh Hoa has:
with a combined planned area of approximately:
The official framework divides these into two principal groups.
A total of:
are classified within the group of Industrial Parks already operating or under implementation based on status through the end of 2025.
These are:
Another:
are identified for new development.
These include:
Together:
This represents a major transformation of Khanh Hoa’s industrial geography.
The value of 20 Industrial Parks is not simply their combined land area.
Their geographic distribution creates three distinct industrial corridors.
Potential industries include:
Electronics + Semiconductor-Related Industries + Precision Engineering + Advanced Manufacturing + Supporting Industries + Logistics + Port-Related Industry
Potential strengths include:
Manufacturing + Processing + Airport-Connected Industry + Logistics + Labor + Urban Services
Potential strengths include:
Manufacturing + Energy + Renewable Energy + Logistics + Port-Related Industry + Supporting Industries
This gives investors the ability to select locations according to different operational requirements.
The question becomes:
Different locations within Khanh Hoa can provide different answers.
Industrial Clusters (ICs) provide another important layer of the provincial manufacturing ecosystem.
Several ICs are already operating, while additional clusters are being developed or planned.
Their roles include supporting:
As large FDI manufacturers enter Khanh Hoa, Industrial Clusters can become increasingly important in developing local supplier networks.
The industrial ecosystem can evolve toward:
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PLANNED IC ≠ ESTABLISHED IC
ESTABLISHED IC ≠ OPERATING IC
OPERATING IC ≠ AVAILABLE LAND
Khanh Hoa is increasingly targeting:
An important distinction must nevertheless be maintained.
Rather than presenting Khanh Hoa as already possessing a large standalone High-Tech Park, the stronger investment story is the emergence of a:
within:
For FDI investors, the label matters less than actual operating conditions.
Those include:
At the opposite end of the province from Van Phong lies another strategically important growth area:
The Ca Na corridor combines development around:
This creates the potential for a major southern industrial growth pole.
The Industrial Park planning framework includes:
Approximately:
Approximately:
Combined with maritime and energy infrastructure, the broader Ca Na area can support:
The investment logic is:
INDUSTRIAL PARK PLANNING ≠ READY LAND
PORT INFRASTRUCTURE ≠ COMPLETE LOGISTICS ECOSYSTEM
LNG DEVELOPMENT ≠ OPERATING LNG GENERATION
The merger gives Khanh Hoa an unusual maritime investment structure.
Between these two major maritime-industrial poles are:
This creates the potential for:
connected by:
The strategic model becomes:
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For manufacturing, energy, bulk cargo and project logistics, this can become one of Khanh Hoa’s strongest structural advantages.
Cam Ranh occupies a unique position within the province.
Its strategic advantages include:
This makes the Cam Ranh–Cam Lam area a potential interface between:
Few locations along Vietnam’s South Central Coast combine these functions in one geographic area.
Khanh Hoa possesses one of the South Central Coast’s most important international aviation gateways:
The airport supports:
For FDI investors, international aviation matters.
It can facilitate the movement of:
Combined with Nha Trang and Cam Ranh’s hospitality infrastructure, this strengthens the province’s international business environment.
INTERNATIONAL AIRPORT ≠ INTERNATIONAL AIR-CARGO HUB
Cargo capability must be evaluated according to actual routes, airlines, handling facilities, customs procedures and cost.
Khanh Hoa benefits from two major north–south road systems:
and:
Together they create a strategic road backbone linking:
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This corridor supports:
The road system also connects Khanh Hoa toward:
The province lies directly on Vietnam’s North–South railway.
This provides an additional transport mode for:
Future national railway investment may further improve the province’s connectivity.
However:
PLANNED HIGH-SPEED RAIL ≠ OPERATING INFRASTRUCTURE
Current investment decisions should be based primarily on infrastructure actually available or sufficiently advanced in implementation.
The merger with former Ninh Thuan fundamentally transforms Khanh Hoa’s energy profile.
The southern territory is one of Vietnam’s most important renewable-energy regions.
Its climatic conditions support:
The broader energy ecosystem can support opportunities in:
For FDI manufacturers, energy should not be viewed only as another investment sector.
It is also:
This is especially important for advanced manufacturing and energy-intensive projects.
The restart of Vietnam’s nuclear-power program adds another strategic dimension to southern Khanh Hoa.
The former Ninh Thuan territory contains the locations associated with:
and:
If implemented, nuclear-power development could generate demand beyond electricity generation itself.
Potential ecosystem opportunities can include:
However:
POLICY RESTART ≠ CONSTRUCTION
PROJECT PREPARATION ≠ OPERATING PLANT
DESIGN CAPACITY ≠ ACTUAL GENERATION
Tourism remains one of Khanh Hoa’s defining economic pillars.
Nha Trang is one of Vietnam’s most internationally recognized coastal destinations.
Its tourism ecosystem includes:
The merger with former Ninh Thuan expands this tourism geography significantly.
The new province also includes:
along with:
The new tourism corridor can therefore be understood as:
The economic objective should move beyond visitor numbers toward:
Tourism has another important investment role that is often underestimated.
A mature international tourism economy helps create:
These amenities matter to international manufacturers as well.
Executives, foreign engineers, specialists and their families evaluate quality of life when considering long-term assignments.
Nha Trang and Cam Ranh therefore contribute to Khanh Hoa’s industrial competitiveness indirectly through:
The enlarged Khanh Hoa possesses a major marine-resource platform.
Its economy includes:
Former Ninh Thuan adds particular strengths in:
Investment opportunities include:
The value chain is:
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Former Ninh Thuan also adds a distinctive agricultural economy.
Its dry climate supports specialized agricultural products including:
The opportunity is not simply agricultural production.
It is:
Potential investment areas include:
Khanh Hoa’s industrial development benefits from an established urban and service ecosystem.
Nha Trang provides:
Cam Ranh provides another important urban, tourism and logistics node.
Phan Rang contributes an established population and service center in the south.
The enlarged provincial population creates a broader labor catchment for:
However:
LARGE POPULATION ≠ AVAILABLE INDUSTRIAL LABOR
Investors must analyze:
The investment logic of the merger can be summarized clearly.
Together:
The value lies in integration:
TTTFIC identifies major opportunity groups across the new Khanh Hoa.
Electronics, precision engineering, automation and supporting industries.
Subject to actual workforce, utilities, infrastructure and project requirements.
Clean manufacturing, environmental technologies and renewable-energy equipment.
Across northern, central and southern industrial corridors.
Van Phong, Cam Ranh and Ca Na-related maritime systems.
Renewables, LNG-related development, engineering and supporting services.
Nha Trang, Cam Ranh, Ninh Chu, Vinh Hy and other coastal destinations.
Hatcheries, processing, cold chain and marine technology.
Specialty crops, food processing and agricultural technology.
Marine science, renewable energy, industrial technology, digital infrastructure and advanced manufacturing.
Before recommending an investment location, TTTFIC verifies:
LAND
LEGAL STATUS
PLANNING
SITE CLEARANCE
FDI ELIGIBILITY
INDUSTRY ELIGIBILITY
POWER
POWER QUALITY
WATER
WASTEWATER
ENVIRONMENT
FIRE SAFETY
LABOR
ROAD ACCESS
RAIL ACCESS
PORT ACCESS
AIRPORT ACCESS
LOGISTICS COST
INCENTIVES
COMMERCIAL TERMS
IMPLEMENTATION TIMELINE.
Khanh Hoa offers an unusually complete infrastructure system, but investors must distinguish strategic potential from actual site readiness.
20 PLANNED IPs ≠ 20 OPERATING IPs.
OPERATING / UNDER IMPLEMENTATION ≠ SAME STATUS.
Every Industrial Park must be verified individually.
The former Ninh Thuan territory has distinctive dry-climate conditions.
Water availability can be critical for industrial, energy and processing projects.
Large regional generation capacity does not automatically guarantee site-specific industrial power.
Deep-water maritime potential does not mean every planned terminal is operational.
Rapid industrial expansion may increase competition for skilled workers.
Industrial development must coexist with internationally important tourism destinations, bays, coastlines and marine ecosystems.
Legacy planning, land and investment documents may continue to refer to former Khanh Hoa or former Ninh Thuan.
Project-specific legal verification is therefore essential.
The new Khanh Hoa combines an unusually complete economic and infrastructure system:
The competitive advantage is not any single asset.
TTTFIC sees Khanh Hoa as one of Vietnam’s most interesting emerging integrated coastal investment systems.
The province has three major industrial–logistics zones.
Deep-Water Maritime Access + Advanced Manufacturing + Industrial Parks + Logistics
Tourism + International Airport + Services + Manufacturing + Logistics
Energy + Industry + Deep-Water Maritime Infrastructure + Agriculture + Aquaculture + Logistics
This creates several investment corridors.
For international manufacturers, the correct question is therefore not simply:
“Does Khanh Hoa have industrial land?”
The correct question is:
TTTFIC Group | Vietnam Industrial Investment & Business Advisory
Khanh Hoa’s expanded investment geography requires sophisticated site selection.
An electronics manufacturer should not evaluate the province in the same way as an energy-intensive manufacturer.
A seafood processor has different requirements from a semiconductor-related supplier.
A tourism investor has different infrastructure requirements from a port-related industrial project.
TTTFIC therefore begins with the investor’s operating model.
Our process is:
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TTTFIC supports:
TTTFIC does not recommend a location simply because industrial land is available.
We evaluate whether the site is:
for the investor.
The 2025 merger fundamentally changed Khanh Hoa.
Former Khanh Hoa contributed:
Former Ninh Thuan contributed:
Together, they create:
The strategic opportunity lies in connecting these assets.
The old Khanh Hoa was internationally recognized primarily for:
The new Khanh Hoa represents something substantially broader:
For international investors, the question is therefore no longer simply:
“Why Khanh Hoa?”
The more important question is:
And:
That is the question TTTFIC Group is designed to help investors answer.
TTTFIC Group | Vietnam Industrial Investment & Business Advisory
Vietnam Nationwide + Thailand
Tel / WhatsApp: +84 936 431 788
Email: marketing@tttfic.com
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