Vietnam’s Khanh Hoa seeks investors for $3.7bn urban area project

The administration in Khanh Hoa Province in south-central Vietnam is seeking local and international investors for a project to develop an urban area worth some VND85.3 trillion (US$3.7 billion) along Cam Ranh Bay. The estimated investment of the project does not include compensation and resettlement costs totaling over VND997.2 billion ($42.7 million), according to the Khanh Hoa Department of Planning and Investment. The urban area was designed to have more than 10,700 villas, 8,500 detached houses, and 19,800 social houses. The administration in Khanh Hoa Province in south-central Vietnam is seeking local and international investors for a project to develop an urban area worth some VND85.3 trillion (US$3.7 billion) along Cam Ranh Bay. The urban area was designed to have more than 10,700 villas, 8,500 detached houses, and 19,800 social houses.