Hanoi:The province of Khanh Hoa is making strides towards developing a modern, green, and smart marine economy, leveraging its strategic location, extensive coastline, and seaport facilities, including the Truong Sa special zone.

According to Vietnam News Agency, the Khanh Hoa provincial Party Committee is working towards implementing Resolution No. 20-NQ/TW, which focuses on transforming Vietnam into a strong maritime nation. The committee has outlined specific goals, tasks, and strategies for advancing the marine economy in the coming years.

The province has set ambitious targets for the period of 2026-2030, aiming for an average annual GRDP growth rate of 11-12%. It plans for the digital economy to contribute 35% to the GRDP, while total factor productivity is expected to account for over 55% of growth. Additionally, labour productivity is projected to increase by an average of 11% each year.