Lam Dong Sticks to Growth Roadmap, Targets Double-Digit GRDP Expansion in 2026

Lam Dong Provincial People's Committee Chairman Ho Van Muoi chaired a meeting to review the province's socio-economic performance, national defense and security in June and the first half of 2026, while outlining priorities for the remaining six months of the year.

The meeting was attended by provincial leaders, vice chairpersons of the Provincial People's Committee, department heads and representatives of relevant agencies. It was also connected online with all 124 communes, wards and special administrative zones across the province.

Growth Target Remains the Top Priority

Opening the meeting, Chairman Ho Van Muoi stressed that Lam Dong faces significant challenges during the second half of the year and warned that the province would not achieve its objectives without determined and decisive action.

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Our foremost political task remains achieving double-digit GRDP growth. Every department, sector and locality must strictly follow the growth roadmap and remain fully committed to accomplishing this mission.

Chairman of the Lam Dong Provincial People's Committee Ho Van Muoi

The chairman urged every government agency to clearly define its responsibilities, adopt more proactive approaches and improve the implementation of socio-economic development targets.

Discussions focused on improving underperforming indicators, particularly economic growth, public investment disbursement and removing obstacles affecting privately funded investment projects.

Public Investment Disbursement Gains Momentum

Lam Dong has disbursed nearly 18% of its 2026 public investment plan, while project management boards have reached a disbursement rate of 17.57%, up approximately 12 percentage points from the end of the first quarter.

Representatives from provincial project management boards acknowledged ongoing implementation challenges but said efforts were underway to resolve bottlenecks and accelerate project execution.

Vice Chairman Vo Ngoc Hiep said stronger determination across government agencies would be critical to improving results.

He noted that communes, wards and special administrative zones, which had recorded the province's lowest disbursement rates in the first quarter, have since become the leading performers after adopting more proactive implementation measures.

Industry, Tourism Expected to Drive Growth

Pham Quoc Hung, Head of the Provincial Statistics Office, said Lam Dong's GRDP growth in the first half of the year, while below expectations, still represented a significant improvement over the same period last year.

To achieve the province's annual GRDP growth target of 10%, Lam Dong will need to expand by more than 12% during the second half of 2026.

Pham Quoc Hung said industrial production is expected to receive a major boost from the commissioning of the Dak Nong Aluminum Electrolysis Plant, which is expected to make a significant contribution to the manufacturing sector.

He also called for stronger tourism stimulus programs to attract more visitors during the peak travel season later this year.

Nguyen Ba Ut said several energy projects are expected to begin operations in November and December, while the Dak Nong Aluminum Electrolysis Plant remains the province's most anticipated industrial project.

According to Nguyen Ba Ut, production lines are currently undergoing trial operations in preparation for manufacturing the plant's first aluminum products, which are expected to make a substantial contribution to provincial economic growth.

Chairman of the Provincial People's Council Luu Van Trung said achieving double-digit GRDP growth remains Lam Dong's highest priority despite continued economic challenges.

He urged departments and local governments to identify untapped growth potential, maximize available resources, accelerate public investment disbursement and remove obstacles facing privately financed projects.

The Provincial People's Council chairman also emphasized greater accountability, requiring agencies to define clear responsibilities and evaluate annual performance based on measurable implementation results.

Accountability to Be Strengthened

Concluding the meeting, Chairman Ho Van Muoi reaffirmed that accelerating public investment disbursement and increasing state budget revenues will be essential to achieving the province's growth target.

He warned that poor implementation would carry personnel consequences.

"Public investment disbursement requires dedication and accountability. There must be no shifting of responsibility. Agencies or localities that fail to meet disbursement targets will face personnel adjustments," he said.

The chairman also instructed the State Treasury to assign staff to work on weekends whenever necessary to ensure payments are processed promptly as completed project volumes are submitted.

Regarding fiscal revenue, he called on key sectors to fully exploit available revenue sources, particularly land-use revenues, to generate additional resources for future investment.

Ho Van Muoi further directed special task forces to accelerate the resolution of legal and administrative obstacles affecting privately funded investment projects, particularly renewable energy developments.

He also instructed local authorities to review and develop plans for handling surplus public assets following recent administrative restructuring in order to avoid waste.

The chairman urged departments to accelerate delayed assignments under the Provincial Party Committee's work program and complete all regulatory documents within the authority of the Provincial People's Committee on schedule.

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We must speak less and act more. Problems must be solved where they arise. Every agency and every locality must work together with determination to accomplish the province's development goals.

Chairman of the Lam Dong Provincial People's Committee Ho Van Muoi