Lam Dong Unblocks Stalled Projects to Fuel Economic Growth

Bringing Strategic Projects Back on Track

After years of economic slowdown, pandemic disruptions, natural disasters, and regulatory challenges, many investment projects across Lam Dong Province have faced delays or suspension, limiting the mobilization of social and private-sector resources for development.

However, positive momentum is beginning to emerge.

According to the provincial industry and trade sector, several energy projects that have spent years resolving planning and investment-related obstacles are now completing final requirements and are expected to begin operations in the near future.

Nguyen Ba Ut, Director of the Department of Industry and Trade, said the province possesses significant industrial advantages, including extensive bauxite and titanium reserves, strong renewable energy potential, and abundant agricultural and forestry resources.

As a result, energy production, mineral extraction and deep processing, together with agro-processing industries, have been identified as strategic sectors capable of generating new growth momentum.

In the coming years, Lam Dong plans to continue upgrading infrastructure in industrial parks and industrial clusters while expanding logistics networks linked to production hubs. The province will also modernize its investment promotion strategy by prioritizing strategic investors with strong financial capacity and advanced technologies.

Authorities are focusing on attracting projects in deep mineral processing, renewable energy, agricultural processing, and supporting industries to enhance investment quality and increase economic value creation.

Unlocking Capital for Growth

If attracting new investment is a necessary condition for growth, revitalizing stalled projects may be the decisive factor in helping Lam Dong achieve its double-digit economic growth target.

A provincial review identified 359 non-budget investment projects currently facing obstacles, with a combined registered capital of approximately VND245 trillion.

Most challenges involve land-use regulations, land conversion procedures, mineral and energy planning, investment licensing procedures, and site clearance. Several large-scale projects have been delayed for years due to overlapping planning frameworks and administrative complexities.

Le Trong Yen, Standing Vice Chairman of the Provincial People's Committee, emphasized that achieving high growth cannot rely solely on new projects.

Instead, the province must reactivate dormant resources already tied up in delayed developments.

Lam Dong is currently reviewing 54 key non-budget projects, requiring departments and agencies to work closely with investors, identify specific obstacles, and establish clear roadmaps for resolution.

"Every project that is successfully unblocked not only resumes construction but also attracts investment capital, creates jobs, increases budget revenues, and strengthens investor confidence. These are critical resources for economic growth," Le Trong Yen said.

A Broader Economic Impact

Experience shows that each revived project creates ripple effects throughout the wider economy.

More efficient land utilization, renewed private-sector investment, additional employment opportunities, and growth in supporting services all contribute to stronger economic performance.

Perhaps most importantly, resolving long-standing project bottlenecks helps reinforce business confidence and improve the attractiveness of the local investment environment.

To achieve its double-digit growth target, Lam Dong is focusing on practical, results-oriented solutions: removing bottlenecks, mobilizing dormant resources, and bringing delayed projects back into operation.

As these constraints are gradually eliminated and investment capital begins flowing again, the province expects to generate new momentum for both short-term economic expansion and long-term sustainable development.