Lam Dong Province Proposes Planning of Gia Nghia – Bao Loc – Phan Thiet Connecting Route
Deputy Secretary of the Lam Dong Provincial Party Committee, Chairman of the Provincial People’s Committee Ho Van Muoi, has proposed that the Ministry of Finance soon incorporate the east–west route connecting Gia Nghia- Bao Loc - Phan Thiet into the national planning framework to promote Lam Dong’s GRDP growth in the coming period.
On the afternoon of January 6, Prime Minister Pham Minh Chinh chaired a nationwide hybrid conference to evaluate the implementation of tasks in the finance, budget, and investment sectors in 2025, and to outline key tasks for 2026.
At the Lam Dong site, Mr. Ho Van Muoi, Deputy Secretary of the Lam Dong Provincial Party Committee and Chairman of the Lam Dong Provincial People’s Committee, attended the conference along with leaders of the provincial departments and agencies.
According to the 2025 assessment, under the Party’s leadership and the Government’s management and direction, the Ministry of Finance recorded significant achievements in refining and improving institutional quality.
National finances continued to be strengthened. Mobilization, allocation, and effective use of public financial resources were enhanced, with improvements in the investment and business environment and support for the recovery and development of enterprises.
.jpg)
The Ministry of Finance has implemented decisively many major guidelines and policy decisions of the Party and the State. The sector has streamlined its organizational structure to enhance efficiency, intensified the review and improvement of the legal framework, strengthened administrative reforms, and promoted decentralization and delegation of authority.
As a result, many long-standing and delayed projects were addressed, while notable progress was made in promoting private-sector development, science and technology, innovation, and digital transformation.
However, in 2025, economic restructuring and growth momentum did not fully meet expectations. The disbursement of public investment capital remained below targets, while efforts to attract private investment and large-scale FDI projects continued to face difficulties.
The equitization of state-owned enterprises remains slow, and economic growth continues to rely mainly on credit. In 2026, the financial sector aims to achieve at least 10 percent economic growth. The Ministry of Finance will proactively and flexibly manage fiscal policy, focusing resources on healthcare, education, and national infrastructure.
.jpg)
At the conference, Chairman Ho Van Muoi stated that in 2025 Lam Dong failed to meet several targets assigned by the Prime Minister, particularly in terms of GRDP growth and public investment disbursement.
The provincial chairman emphasized that Lam Dong plays a key role in the country’s overall development and offers significant growth opportunities, particularly in mineral exploitation, industry, green energy, high-tech agriculture, and resort tourism.
To capitalize on these advantages, Lam Dong will focus on accelerating public investment disbursement; resolutely removing bottlenecks in backlog projects across the province; expediting approval procedures for bauxite mining and processing projects; and prioritizing investment in transport, irrigation, and digital infrastructure.
“To help Lam Dong achieve double-digit GRDP growth in 2026 and the coming years, we propose that the Ministry of Finance and the Government facilitate the inclusion of an east–west route connecting Gia Nghia, Bao Loc, and Phan Thiet into the national planning scheme. This is a decisive project that would enable the circulation of agricultural and seafood products, as well as the transportation and exploitation of mineral resources within the province and neighboring regions. Once completed and put into operation, the route will serve as a strong driving force for Lam Dong to strive toward its GRDP growth targets,” Chairman Ho Van Muoi stated.
.png)
In closing the conference, Prime Minister Pham Minh Chinh acknowledged the accomplishments and efforts of the finance sector in 2025, while emphasizing that the nation's ongoing objective for 2026 is to achieve double-digit GRDP growth.
The Ministry of Finance needs to demonstrate clear resolve and take decisive steps to implement an essential set of solutions that encompass a strong commitment to national prosperity, efficient institutional governance, leadership in digital transformation, innovative approaches to revenue and expenditure management, and sustainable finance practices. To achieve these solutions, the entire sector must shift its perspective, moving away from a reform-focused mindset toward one that fosters development.
Prime Minister Pham Minh Chinh
To realize these goals, the Prime Minister called on the finance sector to implement flexible and effective fiscal policies, accelerate public investment disbursement with a focus on high-impact projects, ensure national financial security, and encourage the formalization of household businesses. He also urged closer coordination, proactive monitoring, and timely responses to complex and unforeseen developments.
In 2025, the growth of national GRDP was 8 percent. The GRDP per capita was slightly over USD 5,000, 1.4 times higher than in 2020. Inflation was kept below 4 percent. State budget revenue reached about VND 2.65 quadrillion, exceeding the estimate by 34.74 percent and up 30.3 percent from the previous year. The total import-export turnover exceeded USD 930 billion, 1.7 times that of 2020, resulting in a trade surplus of over USD 20 billion. Total social investment surpassed VND 4.15 quadrillion.