Lam Dong Attracts Foreign Investment
As part of its international integration efforts, Lam Dong has focused on key areas of cooperation, including attracting foreign investment to effectively tap the province's potential and competitive advantages.
Attracting Foreign Investment
The foreign direct investment (FDI) sector has made significant contributions to economic growth, job creation, state budget revenue, market expansion and the province's international integration. In recent years, Lam Dong has proactively organized investment promotion activities with a targeted approach, aligning them with the province's potential, advantages and development needs.
With 10 additional projects attracted since the beginning of 2026, the province now has 247 FDI projects with total registered capital of nearly USD 9 billion. These projects are concentrated mainly in several sectors, including agriculture, forestry and fisheries; industry, processing and energy; and tourism, trade and services. In Lam Dong's industrial parks, four more FDI projects have been attracted over the same period, bringing the total to nearly 60 projects with combined registered capital of approximately USD 545 million.
According to the Department of Foreign Affairs, FDI projects in Lam Dong have been invested in by foreign organizations and individuals from around 30 countries and territories, primarily in Asia, including China, Taiwan, South Korea, Japan and Singapore.
Most FDI projects in the province are reportedly operating stably and conducting business effectively. They have generally complied with state regulations on environmental protection, land use and construction, while paying attention to employee benefits and welfare policies. A number of companies have also helped create jobs for thousands of local workers, including Right Rich International Co., Ltd. in Ham Kiem II Industrial Park and Nam Ha Vietnam Footwear Co., Ltd. in Nam Ha Industrial Cluster.
The provincial authorities have also introduced various measures to improve the business and investment environment, creating favorable conditions for foreign-invested enterprises to grow and compete fairly in the province. Lam Dong has consistently recognized and valued the partnership and positive contributions of foreign businesses and investors to local socio-economic development.
Focusing on Investment Quality
As international integration continues to deepen, Lam Dong regards the attraction of external resources as an important task in expanding investment cooperation and enhancing the province's competitiveness. In particular, as the province enters a new stage of development, its approach to attracting foreign investment needs to shift decisively from prioritizing investment capital volume to improving project quality, effectiveness and tangible contributions.
In line with the spirit of Resolution No. 10, dated June 8, 2026, issued by the Politburo on developing the foreign-invested economy, provincial leaders have recently called on foreign businesses and investors operating in Lam Dong to focus on several key priorities.
These include directing investment toward sectors with strong potential and competitive advantages that align with the province's development orientations. Priority areas include high technology, clean technology, digital technology, innovation, research and development, deep processing, high-tech agriculture and renewable energy.
The province also aims to attract investment in the green economy, circular economy, logistics and other high-value-added sectors that make efficient use of land, natural resources and energy. These efforts are expected to gradually encourage the development of high-quality projects featuring advanced technologies, high added value and meaningful, long-term contributions to local development.
At the recent Southern Region Foreign Investment Coordination Conference, held in Lam Dong in November 2026 and co-organized by the Foreign Investment Agency under the Ministry of Finance, Nghiem Dinh Hieu, Director of the provincial Investment, Trade and Tourism Promotion Center, also discussed this direction.
He said that Lam Dong's investment promotion activities would increasingly shift from simply introducing the province's potential to presenting specific, viable investment opportunities. The province would also move from broad-based promotion toward a more targeted approach, focusing on the right markets, sectors and investor groups.
Based on the provincial master plan and development orientations following the administrative reorganization, Lam Dong will prioritize projects with strong spillover effects, modern technologies, high added value, environmental sustainability and the potential to establish linkages with local businesses.
To improve the effectiveness of these efforts, Lam Dong has also proposed that the Foreign Investment Agency go beyond providing information on FDI trends and help the province connect with strategic investors and multinational corporations. The province has also called for more in-depth investment promotion programs tailored to specific industries, sectors and markets, with a focus on concrete projects.
In the coming period, Lam Dong will focus on attracting high-quality and highly effective projects that promote technology transfer, develop production linkages, create jobs, increase production value and make positive, sustainable contributions to the province's socio-economic development.
Nghiem Dinh Hieu, Director of the provincial Investment, Trade and Tourism Promotion Center