Lam Dong leaders hold working session with Vietnam International Financial Center in Da Nang

On May 23, Lam Dong provincial leaders held a working session with representatives of VIFC-DN to discuss socio-economic development orientations and the province’s investment attraction efforts.

Lam Dong provincial leaders received and worked with the VIFC-DN delegation, with the attendance of Y Thanh Ha Nie Kdam, member of the Party Central Committee, Secretary of the Provincial Party Committee, and Head of the Provincial National Assembly Delegation; and Luu Van Trung, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Council. Vice Chairmen of the Provincial People’s Committee and leaders of provincial departments, agencies, and sectors also joined the session.

The VIFC-DN delegation was led by Ho Ky Minh, Standing Vice Chairman of the Da Nang City People’s Committee and concurrently Chairman of the Center, along with its members and economic experts.

At the working session, Lam Dong provincial leaders introduced the province’s potential, advantages, and investment attraction efforts. Following the administrative merger, Lam Dong has significant room for industrial growth, particularly in minerals, titanium, green and renewable energy.

High-tech agriculture is also among the province’s key strengths, with more than 1.054 million hectares of agricultural production land. In tourism, Lam Dong holds strong development potential thanks to its diverse landscapes, which create a harmonious blend of forests and the sea.

Since 2025, Lam Dong has attracted 87 non-state-budget investment projects with total registered capital of nearly VND 160 trillion, including nine FDI projects worth nearly USD 49 million. The province was also ranked among the country’s well-performing localities in the 2025 Provincial Competitiveness Index.

For the 2026–2030 period, Lam Dong aims to achieve average annual GRDP growth of 10–10.5%, with a focus on economic restructuring driven by science and technology, innovation, and digital transformation. By 2030, the province aims to become a relatively developed national growth pole, oriented toward a green economy and sustainable development.

At the working session, a representative of VIFC-DN reported that since its establishment on January 9, 2026, the Center has focused on attracting international experts and working with major partners and corporations to implement three key project groups. These include real-world asset tokenization, the establishment of a carbon trading center, and capital mobilization from foreign non-bank credit institutions.

In the coming period, VIFC-DN will proactively coordinate with international investors and financial institutions to connect them with localities and enterprises in Vietnam. The Center will also diversify capital mobilization channels for Da Nang City, other localities, and domestic businesses.

During the discussions, VIFC-DN representatives said Lam Dong needs a clear development orientation to connect relatively isolated areas. They emphasized the need for breakthroughs in strategic infrastructure and the formation of economic corridors to link development spaces.

Experts also noted that Lam Dong should develop appropriate capital mobilization policies to meet its development needs. Greater attention should be paid to reforming and improving the legal framework to attract investors.

VIFC-DN Chairman Ho Ky Minh affirmed that Lam Dong, like other provinces and cities, needs substantial resources to achieve double-digit GRDP growth.

Based on research, the province has several projects with strong potential to attract foreign investment, including the 120-km strategic arterial road connecting Gia Nghia, Bao Loc and Phan Thiet, and the Da Lat–Phan Rang railway line.

In agriculture, Lam Dong should boldly propose production projects for high-tech agricultural zones. With its potential and advantages, the province can quickly attract enterprises to invest in production and processing along a closed-loop value chain.

Regarding carbon credits, Lam Dong should develop credits that meet international standards. The province also needs to identify qualified validation and verification bodies, attract international investors, and build a standardized legal framework for a carbon credit exchange to enhance the value of its products.

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Based on Lam Dong’s portfolio of investment-seeking projects, VIFC-DN will support the province by introducing project information to investors and helping mobilize investment resources.

VIFC-DN Chairman Ho Ky Minh

Concluding the working session, Provincial Party Secretary Y Thanh Ha Nie Kdam expressed his appreciation for the VIFC-DN delegation’s visit to Lam Dong. He said the exchange of information helped both sides better understand each other and would create momentum for future cooperation. The Center’s support is expected to help Lam Dong address the challenges of achieving double-digit GRDP growth amid mounting pressure.

Lam Dong has great potential and many advantages but still faces major challenges in transport and digital infrastructure. To unlock its internal strengths, the province is gradually changing its mindset, methods, and approaches in addressing development issues.

The Provincial Party Secretary emphasized that, with its context of limited local budget, Lam Dong could soon realize its development goals if it effectively taps into domestic and foreign capital flows and mobilizes private investment. He expressed his hope that VIFC-DN would actively support the province in promoting its potential and advantages to investors, thereby attracting more investment to Lam Dong.

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VIFC-DN proactively share information
with Lam Dong on investors and international capital flows. For its part, Lam Dong will continue to improve its capacity to better meet the standards of domestic and international investors.

Provincial Party Secretary Y Thanh Ha Nie Kdam

He requested advisory units to promptly set up a joint working group between VIFC-DN and Lam Dong immediately after the working session. Regarding the issues raised by the Center, the province will refine its project portfolio and clarify relevant information for investors in order to seek investment opportunities in Lam Dong.