Lam Dong and the Goal of Reaching 33,000 Enterprises by 2030
Achieving the target of 33,000 active enterprises by 2030 is not merely an economic development indicator for Lam Dong. It is also a measure of the province’s ability to create a favorable investment environment, unlock development resources and strengthen the vitality of the private sector in a new stage of growth.
Building a New Engine for Economic Growth
According to the Lam Dong Provincial People’s Committee, the province aims to have more than 33,000 enterprises operating stably by 2030. This target is not simply about increasing numbers; it reflects a strong commitment to positioning the private sector as a key driver of economic growth.
To realize this goal, Lam Dong is implementing a range of coordinated measures to improve the business and investment environment. The province continues to promote innovation, digital transformation, the competitiveness and the resilience of the business community.
In fact, the private sector is increasingly recognized as one of the most important pillars of the economy. Therefore, Lam Dong’s objective extends beyond increasing the number of registered businesses to building a modern business community capable of participating more deeply in domestic and global value chains.
Lam Dong currently has 31,000 active enterprises with total registered capital exceeding VND 320 trillion. This means the province needs to add more than 2,000 enterprises within the next five years to achieve its target.
The challenge, however, is not simply about quantity but, more importantly, about quality. It requires enhancing the value, competitiveness and sustainable development capacity of the existing business community.
Under current conditions, this is far from an easy task. It requires coordinated efforts from the entire political system, close support from authorities at all levels and, above all, effective mechanisms to unlock resources for private-sector development.
Enhancing Business Quality and Competitiveness
If improving the investment environment is a necessary condition, strengthening business competitiveness is the decisive factor in achieving the target of 33,000 enterprises by 2030.
Today, businesses can no longer rely solely on traditional advantages to survive and grow sustainably. Technological innovation, improved governance, digital transformation, green transition and deeper participation in value chains have become essential requirements.
However, most enterprises in Lam Dong remain small and micro-sized. Limitations in financial resources, technology, management capacity and market connectivity continue to pose significant barriers to growth.
Therefore, the goal of 33,000 enterprises is not simply about increasing business registrations but about building a stronger and more competitive business community.
According to Le Binh Minh, Deputy Director of Lam Dong’s Department of Finance, the comprehensive implementation of Politburo Resolution No. 68-NQ/TW on private-sector development, together with policy reforms, has created positive momentum for businesses.
In the first six months of 2026 alone, Lam Dong recorded 2,600 newly established enterprises with total registered capital exceeding VND 12 trillion. This represents an 80% increase in the number of enterprises and a 50% increase in registered capital compared to the same period last year, signaling continued improvements in the investment and business environment.
To achieve the target of 33,000 active enterprises by 2030, the Department of Finance is advising the provincial government to further improve the business environment, reduce administrative procedures and lower compliance costs. The province will also develop targeted support mechanisms and attract major investors.
Le Binh Minh, Deputy Director of Lam Dong Department of Finance
Minh added that during 2026–2027, Lam Dong will focus on accelerating growth by improving policies, removing bottlenecks related to procedures, land access, capital and infrastructure, while supporting business recovery and expansion.
From 2028 to 2030, the province will prioritize improving growth quality by fostering large-scale enterprises, innovative businesses and deeper integration into domestic and international value chains.
Throughout this journey, Lam Dong identifies science and technology, innovation and digital transformation as key drivers for enhancing business competitiveness.
Removing Bottlenecks to Unlock Potential
According to the Business Performance Index (BPI), released for the first time by the Vietnam Chamber of Commerce and Industry, Lam Dong scored 3.26 points, ranking among the lowest-performing provinces nationwide. The result indicates that the province’s private sector still faces multiple bottlenecks.
Businesses report that aspirations for innovation continue to encounter barriers, particularly those related to land procedures, planning and access to production sites.
Representatives of the Lam Dong Business Association noted that the investment environment has improved in recent years, but many unresolved issues still need attention to support enterprise development.
Businesses hope authorities at all levels will streamline legal procedures, especially land leasing processes. Many enterprises have plans to expand production and invest in modern production lines but continue to face difficulties related to planning, site clearance and land administration procedures.
Creating a Transparent and Sustainable Development Environment
The target of reaching 33,000 enterprises by 2030 is considered a major step toward creating new momentum for Lam Dong’s economy.
However, turning this vision into reality requires more than short-term support policies. It demands long-term development thinking, an attractive business environment and a comprehensive support ecosystem for enterprises.
According to Dau Anh Tuan, Deputy Secretary General and Head of the Legal Department at VCCI, Lam Dong has significant potential to build a strong business community.
The most fundamental solution is for the province to decisively shift from a management mindset to a development-oriented governance approach, gradually unlocking resources, particularly innovation potential among businesses and citizens.
Dau Anh Tuan, Deputy Secretary General and Head of the Legal Department at VCCI
According to Tuan, Lam Dong must continue restructuring its economy and transition from extensive to intensive growth to simultaneously increase the number of enterprises and improve growth quality.
The province also needs to strengthen connections between local businesses, enterprises from other provinces and foreign-invested companies, enabling businesses to participate more deeply in global value chains and production networks.
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According to Ho Sy Hung, Chairman of VCCI, sustainable business development can only be built on a balanced combination of effective state governance, market mechanisms and social responsibility.
Lam Dong should prioritize workforce training, infrastructure investment and the development of support institutions that help businesses operate more efficiently.
Ho Sy Hung, Chairman of VCCI
Ultimately, 33,000 enterprises represent more than a number or an economic target. They embody the vision of a dynamic, modern and more competitive economy.
A transparent and favorable development environment is not created solely through major provincial policies. It also begins with how grassroots authorities accompany citizens and businesses in resolving administrative procedures, addressing difficulties and facilitating access to development resources.
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Only through unified determination, from provincial leadership to grassroots implementation, can Lam Dong gradually build a solid foundation and transform the private sector into a major engine of growth in the new era.
According to development orientations for 2026–2030, Lam Dong expects its private sector to achieve average annual growth of at least 11.5%, contribute approximately 76% of GRDP and create 50,000–60,000 jobs each year. By 2045, the province aims to have around 78,000 active enterprises.