New investment wave expected to drive Lam Dong’s growth
Alongside existing projects, a new wave of developments is expected to drive growth and unlock opportunities for Lam Dong.
A preferred destination for major investors
Investment attraction in Lam Dong has shown strong momentum in the first months of the year. Dozens of domestic and foreign projects have been newly approved or granted investment policy adjustments, with total registered capital amounting to hundreds of billions of dong.
Notably, Lam Dong has attracted growing interest from several major corporations. These proposals are expected to create new room for growth and help unlock the province’s development potential in the years ahead.
Most recently, Truong Hai Group (THACO) held a working session with provincial authorities. The group is currently investing in or studying investment in 10 projects in Lam Dong, including projects under preparation for investment policy proposals. Among them, a bauxite–alumina complex stands out with a total estimated investment of around USD 4.4 billion.
“Lam Dong has tremendous potential and advantages. If the projects receive the necessary approvals, we are committed to implementing them on schedule, ensuring quality and creating long-term value,” said Tran Ba Duong, Chairman of the Board of Directors of Truong Hai Group.
Meanwhile, another major investor, the China-based Su-Shang Construction Group - one of the world’s 500 largest companies - visited Lam Dong to explore investment opportunities and discuss potential cooperation in urban development.
Yan Jiehe, founder of Su-Shang Group, said Lam Dong possesses a unique geographical location and natural advantages that few provinces and cities in Vietnam can match.
The group expressed its desire to work with local authorities and partners to develop projects in the province, particularly in the urban sector.
“We hope Lam Dong will entrust us with truly challenging and large-scale projects so that we can demonstrate our capabilities. Su-Shang is committed to delivering projects 50% faster than the industry average while minimizing costs and maintaining the highest quality standards,” Yan Jiehe said.
The first months of 2026 have seen a fresh wave of investment proposals in Lam Dong. A number of new projects have been put forward by both domestic and foreign investors. Recently, EVNGENCO1 proposed three floating solar power projects at hydropower reservoirs in Lam Dong, with a combined investment of VND 4.4 trillion.
In addition, Apollo Oil JSC has proposed conducting surveys and preparing investment dossiers for a cluster of four pumped-storage hydropower projects in the province, with total estimated investment approaching USD 1.1 billion.
In another sector, the Vietnam National Coal and Mineral Industries Group (Vinacomin) is expanding investment in a bauxite complex comprising two projects after receiving regulatory approval. The projects are expected to become a new growth driver for the province.
The projects cover nearly 900 hectares and carry a combined investment of VND 60 trillion in Nhan Co and Bao Lam 1 communes. They are expected to add significant value to the industrial sector and contribute to the provincial budget in the years ahead.
Alongside efforts to attract investors, Lam Dong has also been seeking strategic directions and new sources of capital, particularly foreign investment. Most recently, provincial authorities held a working session with the Vietnam International Financial Centre in Da Nang (VIFC-DN).
During the meeting, the two sides pledged closer cooperation. VIFC-DN committed to proactively sharing information on potential investors and international capital flows, while Lam Dong pledged to continue improving its investment environment and institutional capacity to better meet the expectations of both domestic and international investors.
Lam Dong currently hosts 2,927 active investment projects worth nearly VND 2.1 quadrillion. In the first five months of 2026 alone, the province attracted 39 new projects with total registered capital of nearly VND 140 trillion.
Efforts to attract investment
To support investors, Lam Dong has introduced a range of measures aimed at facilitating investment and addressing challenges faced by businesses and investors.
Early this year, Lam Dong and the Vietnam Chamber of Commerce and Industry (VCCI) co-hosted a conference on improving provincial competitiveness. The two sides also signed a cooperation agreement for 2026 - 2030 to enhance the business and investment environment, strengthen competitiveness, and support business development in the province.
Most recently, according to VCCI's 2025 Provincial Competitiveness Index (PCI), Lam Dong was ranked among Vietnam’s better-performing localities. The province was placed in the “good” tier, which included 13 provinces and cities nationwide.
The province holds regular monthly dialogues with businesses and organizes “Business Coffee” meetings to promptly address concerns and challenges raised by the business community.
Notably, Lam Dong has taken a proactive approach to resolving obstacles facing investors, conducting reviews and assessments of more than 360 projects. To date, issues related to over 60 projects have been fully addressed.
These results reflect the province’s strong commitment to supporting businesses and investors. More importantly, the business community has responded positively to Lam Dong’s governance, proactive administration, and investor-friendly approach.
Commenting on the province’s support for investors, Sun Group Chairman Dang Minh Truong said the group views Lam Dong as a strategic destination for building a long-term development ecosystem. The attention, support, and assistance provided by local authorities throughout the investment process have demonstrated the province’s strong commitment to accompanying investors.
“The decisive direction from provincial leaders, together with the support of local departments, agencies, and authorities, has helped and will continue to help the group implement its projects efficiently and on schedule,” Truong said.
Sun Group has been partnering with Lam Dong for the past four years and currently has 20 projects under development across the province. These projects cover a total area of approximately 21,525 hectares, including one transport infrastructure project, 13 urban and residential developments, and six tourism, commercial, and service projects.
Speaking at meetings with major investors, Y Thanh Ha Nie Kdam, Secretary of the Lam Dong Provincial Party Committee, said the province appreciates investors who choose Lam Dong as a destination for their projects. He noted that provincial leaders recognize both investors’ interest in the province and their efforts to turn proposed projects into reality.
He added that Lam Dong remains committed to supporting investors and maintaining its tradition of helping businesses overcome difficulties. While challenges may still arise during project implementation, the province hopes investors will continue to work closely with local authorities to ensure long-term success.
The provincial Party Secretary emphasized that Lam Dong is steadily reshaping its mindset and approach in response to new challenges and development requirements.
Lam Dong is moving forward with confidence and professionalism. Guided by the principle of ‘localities decide, localities act, and localities take responsibility,’ the province is fully aware of its role in operating the administrative system and addressing challenges faced by investors.
Y Thanh Ha Nie Kdam, Member of the Party Central Committee, Secretary of the Lam Dong Provincial Party Committee, and Head of the provincial National Assembly Delegation
He also affirmed that Lam Dong possesses unique advantages and development potential that set it apart from other localities. The province remains committed to working closely with investors, maintaining a responsive approach and promptly addressing difficulties to prevent delays and unresolved issues.
At the same time, Lam Dong hopes investors will continue partnering with the province to unlock its full potential and strengths. Such cooperation is expected to help attract more investment projects and investors in the years ahead.