A Golden Key Unlocking Economic Development
Politburo's Resolution No. 68 is widely regarded as the 'golden key' to unlocking economic potential, firmly identifying the private sector as the 'primary engine of national growth. With its unique advantages as the largest province in the country, Lam Dong is actively translating this vision into reality, aiming to “enable and lead” the private economy toward the expected trajectory of growth and development.
Looking back at 2025, Lam Dong's economy showed encouraging signs of recovery and growth, contributing to a 6.42% increase in Gross Regional Domestic Product (GRDP). This performance reflects a solid recovery and relatively strong growth achieved despite persistent challenges arising from administrative restructuring, natural disasters, and flooding.
According to the Provincial People’s Committee, investment activities in Lam Dong continued to expand, with total social investment capital rising year-on-year. According to the Provincial People’s Committee, investment in Lam Dong saw a broad-based expansion, with total social investment capital rising year-on-year. The business environment showed marked improvements, underscored by a surge in both new registrations and business resumptions.
By the end of 2025, the province recorded 4,183 newly established enterprises, up 78.61%, and 822 enterprises resuming operations, up 22.14%. Meanwhile, 1,713 enterprises temporarily suspended operations, up 12.4%, and 833 enterprises were dissolved, rising 76.48% year-on-year. Total registered capital reached approximately VND 22,959 billion, up 18.76%, while registered employment figure stood at 16,556 workers, up 19.12%. On average, more than 400 enterprises entered or re-entered the market each month, while nearly 70 exited, thereby creating positive momentum and ample development space for the period ahead.
According to Mr. Dau Anh Tuan, Deputy Secretary General of the Vietnam Chamber of Commerce and Industry (VCCI), newly established enterprises in Lam Dong accounted for 2.3% of the national total, with an average registered capital of VND 5.66 billion per enterprise, lower than the national average of VND 9.84 billion.
Although Lam Dong saw a higher number of newly established private enterprises than some neighboring provinces, its total registered capital remained modest by comparison. In 2025, Dak Lak recorded 3,165 new enterprises with a total registered capital of VND 33,588 billion; Gia Lai had 3,182 enterprises with VND 28,002 billion; while Khanh Hoa reported 2,870 newly established enterprises with registered capital of VND 29,725 billion.
Moving beyond these achievements, Mr. Dau Anh Tuan emphasized that efforts to develop the private sector in Lam Dong in the next phase should continue to center on three core priorities: administrative reform, enhancement of the business environment, and proactive support for enterprises.
Statistics also show that the total realized social investment in the province in 2025 was estimated at VND 111,398 billion, up 8.48% year-on-year. Of this, state capital reached VND 24,830 billion, accounting for 22.29% and rising by 4.14%; non-state capital amounted to VND 82,649 billion, representing 74.19% and increasing by 10.01%; while foreign direct investment (FDI) reached VND 3,918 billion, accounting for 3.52% and rising by 5.41%.
According to the business survey conducted by the Provincial Statistics Office, 75.34% of manufacturing and processing enterprises forecasted stable or improved production and business conditions for the first quarter of 2026 compared to the previous quarter. Specifically, 28.08% of respondents anticipated better outcomes, while 47.26% expected stability. Conversely, 24.66% predicted a more challenging environment.
Notably, the production and business conditions balance index reached +3.42%, reflecting a better business climate. Enterprises anticipate continued economic stability and the gradual resolution of existing challenges, which is expected to create a more favorable environment for investment and production.
Similarly, 72% of construction companies predict unchanged or improved conditions in the first quarter of 2026 compared to the fourth quarter of 2025. The industry is expected to maintain its growth momentum, fueled by significant public investment in regional connectivity and transport infrastructure. These initiatives, coupled with the province’s commitment to 100% public capital disbursement, will provide a substantial boost to the building materials market and civil construction activities.
The Provincial People's Committee's 2026 Socio-Economic Development Plan emphasizes the continued and effective implementation of the Politburo’s Resolution No. 68, alongside action programs from the Government, the Provincial Party Committee, and the Provincial People's Committee. These efforts aim to bolster investment attraction and foster growth across the private sector and other economic components. The plan asserts that the rapid, sustainable, and high-quality development of the private sector is both a long-term strategic objective and an urgent priority. To this end, Lam Dong aims to achieve over VND 134 trillion in total realized social investment capital by 2026.