Growth Scenario for the Industry and Trade Sector in a New Development Phase

Four Key Sectors Identified

The growth scenario focuses on four strategic sectors: industry, energy, domestic trade, and exports.

Industry is expected to become the province’s primary economic driver and a key engine of growth. Development priorities include deepening competitive industries, promoting high-tech manufacturing, and encouraging environmentally friendly production. The sector will also leverage scientific and technological achievements, along with Lam Dong’s existing advantages, to improve productivity, product quality, competitiveness, and added value.

This year, the industry and trade sector aims to mobilize resources to achieve a 10.5% year-on-year increase in the Industrial Production Index (IIP).

In the energy sector, Lam Dong currently has more than 100 power generation projects in operation with a combined capacity of 8,241.89 MW. Thermal power accounts for over half of this capacity, totaling 4,344 MW. Based on this foundation, the province's 2026 energy development plan has been designed to support its economic growth targets.

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Regarding exports, the industry and trade sector is determined to effectively implement a high-growth scenario, with total export turnover for 2026–2030 projected to reach approximately US$22.36 billion, representing average annual growth of 11%.

Bien Tan Tai, Deputy Director of the Lam Dong Department of Industry and Trade

For domestic trade, growth projections are based on current socio-economic conditions, including expanded administrative space, a larger population, and rapid urbanization. Following revisions to the growth plan, the sector targets total retail sales and service revenue of VND 236.75 trillion in 2026, creating momentum to reach VND 421.8 trillion by 2030—nearly double the 2025 level.

In exports, the sector has developed a strategy aligned with both domestic and global market conditions, targeting export turnover of approximately US$3.59 billion in 2026, up nearly 11% from the previous year.

Creating New Growth Drivers

According to the double-digit growth scenario, the industrial sector is expected to benefit from a combination of stable existing industries and newly completed investment projects.

Particular emphasis is being placed on manufacturing and energy projects, which are expected to generate significant new growth momentum through the operation of several large-scale developments.

Meanwhile, local authorities continue working to resolve legal and administrative obstacles affecting renewable energy projects in order to accelerate investment and bring new facilities into operation. In 2026, the province expects to add 783.1 MW of generating capacity. Commercial electricity output is projected to reach approximately 6.1 billion kWh, representing an 11.3% increase compared to the previous year.

Expanding Trade and Export Markets

Alongside industry and energy, domestic trade and exports are expected to play a crucial role in achieving the province’s double-digit growth targets for the 2026–2030 period.

According to Bien Tan Tai, the sector will focus on modernizing the retail market while stimulating consumer demand through tourism, e-commerce, and digital transformation initiatives.

With tourist arrivals forecast to continue growing strongly and commercial infrastructure receiving increasing investment, Lam Dong is expected to benefit from significant opportunities to expand consumption, develop new markets, and support sustainable growth in the trade and service sectors.

For exports, the province will prioritize market diversification by expanding into promising destinations such as the European Union, North America, and the Middle East. Efforts will also focus on trade promotion, business matchmaking, and increasing the value of processed products derived from Lam Dong’s key commodities.

“The industry and trade sector expects that synchronized development across production, trade, and exports will create additional growth momentum in the coming years,” said Bien Tan Tai, Deputy Director of the Lam Dong Department of Industry and Trade.