Lam Dong speeds up disbursement to advance key growth projects
Lam Dong is accelerating the disbursement of public investment capital, removing bottlenecks and prioritizing key development projects to create new growth momentum, support double-digit economic growth and improve infrastructure for local residents.
Accelerating public investment disbursement
The year 2026 and the 2026–2030 period are considered pivotal in laying the foundation for Lam Dong to capitalize on its strengths and unlock new growth potential following the administrative restructuring.
According to the Department of Finance, the provincial People's Council has allocated VND 15.847 trillion in public investment capital for 2026. In addition, more than VND 4.268 trillion in funding carried over from 2025 will continue to be implemented this year.
The funding will support key infrastructure projects, regional connectivity initiatives, education and healthcare facilities, digital transformation programs, and projects serving the operation of the two-tier local government model.
Since the beginning of the year, Lam Dong has reviewed its entire public investment portfolio and the development needs of its 124 communes, wards and special administrative zones, while accelerating preparations for new projects.
To date, 29 of the 44 projects scheduled to break ground in 2026 have completed investment preparations and secured funding. Meanwhile, 147 commune-level projects have completed appraisal procedures and received investment approval. The province has also approved investment policies for 92 projects planned for implementation during the 2026 - 2030 period.
However, public investment disbursement remains below target. As of June 2, the province had disbursed only about VND 1.45 trillion, equivalent to just over 10% of its allocated capital plan.
The slow progress is largely attributed to challenges in compensation, resettlement and site-clearance work, as well as lengthy procedures for determining land origins and land prices.
In addition, many projects have yet to complete investment procedures, making them ineligible for funding allocation or implementation. Notably, 27 project investors have requested reductions to their capital plans totaling more than VND 4.34 trillion, citing concerns over their ability to fully disburse the funds this year.
To address these issues, the province is reviewing and adjusting its capital allocation plan, prioritizing projects that are ready for implementation and capable of achieving higher disbursement rates.
In the coming period, Lam Dong is expected to allocate an additional VND 400 billion to 66 new projects that have already secured funding. The province will also submit a proposal to the provincial People's Council to allocate around VND 1 trillion for 14 new projects once investment procedures are completed.
A significant share of public investment resources will be directed to the grassroots level. Lam Dong plans to allocate about VND 1.219 trillion for 147 projects in communes, wards and special administrative zones, alongside VND 765 billion for 77 education projects. Additional funding will be earmarked for infrastructure, healthcare and other essential public-service projects to improve service delivery following the administrative merger.
The adjustment of the 2026 capital plan is intended not only to improve disbursement rates but also to ensure the efficient use of public funds by prioritizing projects that are ready for implementation and capable of delivering tangible development benefits.
Unlocking growth potential through key projects
Alongside managing the 2026 investment plan, Lam Dong is actively preparing its medium-term public investment program for 2026 - 2030.
Preliminary estimates place the province’s total public investment demand for the period at approximately VND 157.923 trillion, with nearly 49% expected to come from the central budget and about 51% from local budget sources.
The funding will be prioritized for strategic infrastructure projects, key growth drivers, regional connectivity initiatives and high-impact sectors, including transportation, education, healthcare, science and technology, and digital transformation.
A provincial review identified 529 projects that will be carried over from the 2021 - 2025 period into the 2026 - 2030 phase, along with nearly 500 projects slated for new investment.
Public investment capital is expected to surpass VND 17.5 trillion in 2027, up approximately 15% from the 2026 allocation.
Priority will be given to completing ongoing projects, alongside funding investment-ready projects and major infrastructure works that support the province’s long-term socio-economic development.
At the meeting, Vice Chairman Nguyen Hong Hai urged departments, agencies and localities to thoroughly review project portfolios, accurately evaluate disbursement capacity and accelerate the resolution of investment and site-clearance bottlenecks.
He emphasized that public investment resources should be directed toward key growth drivers, regional connectivity projects and initiatives capable of generating new development momentum for Lam Dong after the administrative merger.
“Despite limited resources and substantial investment demand, agencies and localities must strengthen leadership accountability, accelerate investment preparation, complete legal procedures and proactively address emerging obstacles to ensure the effective use of public investment capital,” Vice Chairman Nguyen Hong Hai emphasized.
With investment demand continuing to outpace available resources, improving the management and efficiency of public investment remains critical. By accelerating project preparation, removing site-clearance bottlenecks and enhancing the capacity of project owners to absorb and utilize capital, public investment is expected to continue driving economic growth, upgrading infrastructure and improving living standards across Lam Dong in the years ahead.