Overview: Khanh Hoa at a Glance
Khanh Hoa is Vietnam's rank #22 province by GRDP with an estimated annual output of approximately USD 7.7 billion (VND 191.4 trillion). Located in the South Central Coast region and covering 8,556 km², the province is home to a population of 1.9 million and serves as a key economic contributor to Vietnam's national growth story.
Capital: Nha Trang. Average household income: approximately VND 85.3 million per year (roughly USD 3,412/year).
Key Economic Sectors
Khanh Hoa's economy is anchored by several high-growth sectors that attract both domestic and foreign investment:
- tourism & hospitality (Nha Trang, Van Phong Bay)
- seafood processing & export
- shipbuilding (Cam Ranh)
- salt production
- defence & aerospace (Cam Ranh base)
These sectors benefit from Khanh Hoa's strategic location, skilled workforce, and investment promotion policies under Vietnam's Law on Investment (amended 2024).
Investment Climate
Vietnam continues to rank among Southeast Asia's most attractive FDI destinations, and Khanh Hoa reflects that trajectory. Notable investors and enterprises active in the province include: Vinpearl Resort Nha Trang, Khanh Hoa Seafood, Hyatt Regency, Club Med, Cam Ranh Airport expansion.
The province offers competitive incentives for qualifying projects: preferential corporate income tax rates (as low as 10% for high-tech manufacturing), land lease concessions, and streamlined administrative procedures through the provincial Investment Promotion Centre.
Infrastructure & Connectivity
Khanh Hoa benefits from Vietnam's ongoing infrastructure investment program. National Highway networks, expressway expansions under the 2021–2030 Transport Masterplan, and power grid upgrades support industrial activity. The province's South Central Coast location connects it to key logistics corridors linking production bases to seaports, airports, and border crossings.
Labour Market
With a population of 1.9 million, Khanh Hoa provides access to a labour pool that feeds both local enterprises and industrial zone tenants. Vietnam's 2025 minimum wage in Zone I stands at VND 4,960,000/month; Khanh Hoa's wage levels vary by industry and skill tier, with technical and managerial roles commanding premium rates.
Business Directory & Provincial Data
VNDatabase indexes businesses, wards, and economic data for all 34 Vietnamese provinces. To explore registered companies, ward maps, and real-time business data for Khanh Hoa, visit the province directory below.