Lam Dong Economy Looks Toward Sustainable Growth

An Impressive Start

In the first months of 2026, the province has implemented a range of measures to stimulate economic growth. Compared to the same period in 2025, many key indicators have recorded robust increases.

State budget revenue stands out as a major highlight. As of mid-February 2026, total budget revenue exceeded VND 6.63 trillion, fulfilling 20.46 percent of the central target and 19.25 percent of the local target — the highest level recorded in recent years. Strong revenue from import–export activities and environmental resource taxes has significantly contributed to overall growth.

Investment attraction has also shown positive signals. In nearly two months, Lam Dong licensed six non-budget projects with a total registered capital of over VND 54.2 trillion across 459.53 hectares.

Notably, in January alone, the province approved investment policies for five major projects totaling more than VND 130 trillion, including two large-scale bauxite projects worth VND 60 trillion.

These projects — the largest ever approved in the province — are expected to provide a substantial impetus for economic expansion once implemented.

Other sectors have also posted encouraging results. In January, the Industrial Production Index (IIP) rose 15.64 percent year-on-year. Total retail sales and service revenue in the first two months reached nearly VND 46 trillion, up 11.77 percent. Export turnover hit USD 285 million, up 33.65 percent month-on-month and 5.07 percent year-on-year.

Removing Bottlenecks for Double-Digit GRDP Growth

Despite the positive start, provincial leaders acknowledge that achieving double-digit GRDP growth remains challenging.

Key bottlenecks persist, particularly in public investment disbursement and investment attraction. According to the provincial Statistics Office, January’s GRDP growth reached 9.07 percent, reflecting positive contributions from industry, agriculture, trade, services and tourism. However, stronger breakthroughs in industry and construction will be essential, as services and agriculture are nearing saturation.

The provincial Department of Finance is coordinating with localities and investors to accelerate administrative procedures and project implementation, especially land clearance and disbursement progress for ongoing projects.

Since the beginning of the year, Lam Dong has intensified efforts to improve its investment and business environment, shorten administrative processing times and review land planning to attract major investors. The province also worked with the Vietnam Chamber of Commerce and Industry (VCCI) to organize a conference aimed at enhancing provincial competitiveness and improving the business climate.

Currently, Lam Dong has 359 non-budget projects facing obstacles, with total registered capital of VND 245 trillion. Six provincial task forces have been established to review and resolve difficulties, successfully addressing issues for 22 projects so far.

Chairman of the Provincial People’s Committee, Mr. Ho Van Muoi, acknowledged the positive start made by departments and localities in implementing 2026 targets. However, he stressed that significant tasks remain ahead, particularly accelerating public investment disbursement and land clearance. He also called for stronger responsibility, decisive action and closer monitoring of administrative reform to avoid delays in handling procedures for citizens and businesses.

With proactive leadership, determined governance and coordinated efforts from authorities, businesses and residents, Lam Dong is building the momentum needed to realize its double-digit growth ambitions in a sustainable manner.