Lam Dong adapts to global economic changes
As global uncertainty affects production and business activities, local economic sectors are proactively seeking ways to adapt.
One of the most visible impacts has been the recent surge in fuel prices, driven by tensions in the Middle East, which has affected most production and business sectors.
Despite these challenges, the province’s agricultural consumption has generally remained positive, particularly for products with strong competitive advantages and high export value.
In the first quarter of 2026, total export turnover is estimated at USD 783 million. Notably, agricultural exports posted strong year-on-year growth, with fresh flowers rising by over 36%, vegetables and fruits by nearly 33%, green coffee beans by 35.7%, and pepper by 27.17%.
However, in the coming period, the sector forecasts that agricultural markets may face marketing and consumption difficulties if global instability persists. Rising input costs are also expected to further affect business efficiency, reducing enterprises’ capacity to sustain and expand production.
Meanwhile, the Department of Culture, Sports and Tourism noted that tensions in the Middle East are having significant impacts on the global tourism industry through aviation, traveller sentiment and the broader economy.
Currently, Lam Dong’s tourism sector mainly attracts international visitors from markets such as South Korea, China, Russia, Germany, the United States, the United Kingdom, France, Australia and the Netherlands, making it less dependent on the Middle East. However, prolonged instability could slow the growth of international arrivals due to increased travel costs, disruptions in international transport, and changing travel sentiment.
In response, provincial authorities have introduced a number of recommendations and solutions to help businesses proactively cope with global economic fluctuations. These include closely monitoring supply-demand dynamics and market prices, regularly updating information on international markets, transport conditions, and risks related to logistics and payment systems. This enables local enterprises to adjust production and export plans in line with real conditions.
Export-oriented businesses are also encouraged to diversify markets, partners and transportation methods to reduce dependence on high-risk routes or markets.
In addition, authorities are strengthening coordination with Vietnam’s trade offices abroad to provide market information, facilitate trade connections and identify potential markets—particularly in more stable regions such as East Asia, Southeast Asia and emerging markets. According to leaders of the Department of Industry and Trade, the sector will continue to support enterprises, monitor challenges and advise the provincial People’s Committee on timely and appropriate support measures.
To mitigate external impacts, the local tourism sector is also proposing that central ministries enhance tourism promotion in markets less affected by conflict, such as Southeast Asia, Northeast Asia and South Asia.
At the same time, policy measures such as stabilising fuel prices and reducing fuel-related taxes and fees are being considered to curb rising transportation costs—one of the key components of tour prices and airfares—thereby maintaining the competitiveness of Vietnam’s tourism sector in general and Lam Dong’s in particular.
Regarding fluctuations in agricultural commodity prices, at a recent meeting, Mr. Le Trong Yen, Standing Vice Chairman of the Lam Dong Provincial People’s Committee, urged departments, sectors and localities to implement specific measures. These include ensuring fuel supply, strengthening monitoring and risk warnings in logistics, diversifying consumption markets, and proactively adjusting production processes in line with input price changes to improve efficiency.