Deputy Prime Minister Tran Hong Ha signed a decision approving the project's investment policy on March 25. The total estimated investment excludes VND25 trillion allocated for compensation, support, and resettlement.
Covering more than 10,300 hectares, the project requires the conversion of nearly 81 hectares of forest land. Located in Cam Lam District and Cam Ranh City, it is designed for a population of approximately 584,000 people. The development will feature over 58,000 villas and townhouses, more than 9,800 apartment units, 33,000 social housing units, around 58,500 land plots, and a 36-hole golf course.
Investors will be selected through a bidding process, and the project is scheduled for implementation from 2025 to 2037. The Khanh Hoa Provincial People’s Committee is responsible for land allocation, leasing, and conversion, ensuring regulatory compliance, effective land use, and preventing State revenue loss.
The Cam Lam New Urban Area aims to develop a modern urban complex with public facilities, commercial services, green spaces, resorts, a golf course, and theme parks. The project will include residential and commercial properties for sale, lease, and lease-purchase.
This urban area will also serve as a regional hub for training, research, and innovation, a central residential and economic zone, and the primary western gateway to the Cam Lam New Urban Area.
Under the government-approved master plan for 2045, Cam Lam is set to become a key growth driver in southern Khanh Hoa Province and the South Central Coast region, supporting Khanh Hoa’s goal of becoming a centrally governed city.
Additionally, Cam Lam aims to be a center for innovation, leveraging a knowledge-based economy, science, technology, and regional cooperation. It is expected to play a pivotal role in driving digital economic development in Khanh Hoa and nationwide.
Strategically located between Nha Trang and Cam Ranh, Cam Lam district spans approximately 54,700 hectares (excluding Thuy Trieu Lagoon). In March 2025, the People’s Committee of Khanh Hoa Province approved investor selections for four projects in Cam Lam, with a total investment of nearly VND22 trillion.
Ministry reviews abandoned trillion-Vietnamese-dong projects
The Ministry of Construction reviews long-delayed projects and proposes appropriate, timely, and effective mechanisms and policies for resolution.
In response to the Prime Minister’s Directive No.112 issued on November 6, 2024, calling for decisive action to address stalled projects and prevent waste, the Ministry of Construction has assigned the Department of Economy - Construction Investment Management to work with relevant agencies to review and resolve long-delayed projects.
Among the key projects under review are Can Tho Oncology Hospital, the second branches of Bach Mai Hospital and Viet Duc Hospital in Ha Nam, and Ho Chi Minh City’s flood control project. The ministry is focused on identifying and implementing solutions to resume construction and expedite their completion.
To prevent waste, agencies under the Ministry of Construction are advancing smart governance and digital transformation to enhance State management efficiency, ensure transparency, and minimize resource losses.
Simultaneously, the ministry is reviewing and streamlining cumbersome administrative procedures that hinder progress and waste resources, reducing bureaucratic complexity. It is also promoting decentralization and delegation of authority while strengthening oversight, publicizing and ensuring transparency in administrative procedures, and digitizing records and procedural outcomes.
