Breakthrough revenue streams, ensuring resources for development.
According to Mr. Chau Ngo Anh Nhan, Director of the Department of Finance of Khanh Hoa province, the financial, investment, and economic development indicators in the province during the first six months of the year exceeded expectations. Despite facing challenges from fluctuations in the global supply chain, the locality has effectively managed resources, creating a solid foundation for socio-economic development.
In the first six months of 2026, Khanh Hoa province's budget revenue increased by 81.5% compared to the same period last year. Photo: KS.
Total state budget revenue in the area for the first six months is estimated at 27,930 billion VND, completing 74.2% of the central government's assigned target and recording a record growth rate of 81.5% compared to the same period last year. This breakthrough reflects the health of the economy and the effectiveness of revenue management.
In terms of revenue sources, domestic revenue played a leading role with 26,783 billion VND, an increase of 84.7%. Notably, revenue from land use, land lease, and water surface fees reached 14,827 billion VND, a 7.1-fold increase compared to last year, thanks to the local government's accelerated legal procedures for projects. Other revenue streams also saw strong growth, such as revenue from foreign-invested enterprises (FDI) reaching 1,159 billion VND and import-export taxes reaching 1,147 billion VND.
Abundant resources enable localities to prioritize timely allocation of funds for key tasks. Total local budget expenditure is estimated at over 22,098 billion VND, of which development investment accounts for the majority at 14,395 billion VND. This funding focuses on addressing transportation infrastructure, promoting widespread digital transformation, ensuring social welfare, and streamlining the administrative apparatus.
Unlocking capital flows and promoting strategic infrastructure.
Alongside the positive financial performance, investment and urban development activities were implemented synchronously, with total social development investment estimated at over 44,277 billion VND, an increase of 15.4% compared to the same period. The province attracted an additional 23 non-budgetary projects with a total registered capital of approximately 42,236 billion VND. Regarding public investment, as of June 30th, Khanh Hoa had disbursed 40.68% of the planned capital, equivalent to over 6,269 billion VND, 6.93% higher than the same period in 2025.
Numerous tourists visit the coastal and island areas of Khanh Hoa province. Photo: KS.
To achieve a minimum growth target of 11.2% in the last six months of the year and aim for a GRDP growth rate of 10-11% for the whole year, the province is focusing on thoroughly removing obstacles to capital flow. Accordingly, for 92 outstanding projects under local authority, the province has resolved the issues in 81 projects. For 160 projects under central authority, the Department of Finance has held meetings to reach a consensus and guide investors to submit applications for assessment of conditions for continuing implementation in the first phase for 10 projects under the special mechanism of the National Assembly.
At the same time, the province is accelerating the disbursement of non-budgetary funds, aiming to reach over 108,000 billion VND this year. This capital flow is concentrated in large-scale urban complexes such as the Cam Lam New Urban Area, projects along Cam Ranh Bay and Tu Bong, and key industrial zones such as Doc Da Trang, Ca Na, and Ninh Xuan. The province is also preparing plans to effectively absorb the additional public investment capital expected to be supplemented by the central government at approximately 6,500 billion VND to serve land clearance for the North-South high-speed railway and resettlement for the nuclear power plant.
In recent times, Khanh Hoa province has attracted many investment projects and commenced construction. Photo: KS.
The flexible and decisive regulation of investment capital flows has become a solid foundation helping economic sectors, including agriculture and the environment, maintain stable development. The agriculture, forestry, and fisheries sector achieved a growth rate of 2.14% in the first half of the year, higher than the projected scenario.
The implementation of modern digital platforms for public financial management in specialized units also helps optimize resource utilization efficiency and promote comprehensive and sustainable development in Khanh Hoa.