Lam Dong Promotes High-Quality and Rapid Private Sector Growth
Lam Dong is accelerating private sector development through investment support, key projects, and coastal economic planning to drive sustainable growth.
Lam Dong identifies the private sector as one of the key drivers of economic growth, contributing to job creation and higher incomes for local workers. Following Resolution No. 68 issued by the Politburo on May 4, 2025, regarding private sector development, the province has implemented various synchronized solutions to foster strong and sustainable growth in the private economy.
Removing Obstacles for Businesses
As many large-scale private investment projects in the province have faced prolonged difficulties and delays, the Lam Dong Provincial People’s Committee has urgently organized meetings, conducted reviews, and proposed solutions to help these projects resume implementation and operation as soon as possible.
After multiple working sessions based on legal regulations, provincial task forces responsible for reviewing and resolving difficulties related to non-budget investment projects have entered Phase 2 of implementation.
Chairing a recent meeting of Task Force No. 4 on removing obstacles for non-budget investment projects, Vice Chairman Nguyen Minh emphasized:
“Resolving difficulties for non-budget investment projects has always received special attention from provincial leaders, with the goal of putting projects into operation soon, maximizing investment efficiency, and contributing to provincial economic growth.”
Departments, agencies, and local authorities must continue to coordinate closely, thoroughly review each issue, clearly define responsibilities and timelines, and propose measures to the Provincial People’s Committee to fully resolve obstacles related to each project in accordance with legal regulations by the end of May 2026.
Nguyen Minh, Vice Chairman of the Lam Dong Provincial People’s Committee
Regarding support for private investment projects and private sector development, Ho Van Muoi, member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, and Chairman of the Provincial People’s Committee, urged local authorities and departments to accompany and support businesses operating in the province.
According to the provincial chairman, among 368 non-budget investment projects with a combined registered capital of approximately VND 360 trillion facing difficulties, enterprises have already invested around VND 250 trillion, yet many projects remain unable to begin operations.
Therefore, local authorities and departments have been instructed to urgently and decisively remove obstacles so businesses can quickly put projects into operation, improve investment efficiency, and contribute to economic growth.
Planning Key Projects to Attract Strategic Investors
With the goal of achieving rapid and sustainable economic development, Lam Dong has planned a series of key projects and an eastern coastal economic zone to attract strategic investors.
Along with infrastructure investment, the province has planned 19 key projects covering approximately 22,000 hectares in coastal areas along DT.706B Road, Bung Thi – Ta Kou Road, and Hoa Thang.
Currently, two projects have selected investors with total investment capital of approximately VND 16 trillion, while four other projects are undergoing investor selection procedures with total planned investment of around VND 62 trillion. Once completed and operational, these projects will contribute to urban development, improve living conditions, create jobs for local residents, and increase budget revenues for the locality.
Nguyen Hong Hai, Vice Chairman of the Lam Dong Provincial People’s Committee
At the same time, Lam Dong is implementing the Southern Coastal Economic Zone Project covering around 75,000 hectares, focusing on an energy port and energy-related industries as distinctive features to attract strategic investors.
Huynh Thanh Quoc Viet, Chairman of the People’s Committee of Phuoc Hoi Ward, said the locality benefits from its inclusion in the province’s Southern Coastal Economic Zone project.
The locality is currently reviewing and planning ecological systems to ensure suitable spatial arrangements, green spaces, and transportation connectivity in order to attract investment in key sectors such as the marine economy, tourism and services, and green energy.
During the first four months of 2026, Lam Dong recorded 1,715 newly established enterprises with total registered capital exceeding VND 8.7 trillion, up 106% in quantity and 180% in registered capital compared to the same period in 2025.
Since the beginning of the year, an additional 474 businesses have resumed operations. These figures demonstrate Lam Dong’s efforts in supporting private sector development and improving the local business and investment environment.
Through the development of key projects and the Southern Coastal Economic Zone, Lam Dong aims to attract strategic investors while promoting distinctive industries such as energy and tourism based on the province’s unique strengths and potential.
In the coming years, once major strategic projects become operational, Lam Dong expects to maintain rapid and sustainable economic growth, including double-digit growth beyond 2026.
In the second quarter of 2026, Lam Dong aims to achieve VND 31 trillion in total social investment capital, with the year-end target exceeding VND 135 trillion.