Unlocking Resources for Double-Digit Growth
To achieve double-digit growth in 2026, Lam Dong is implementing a range of synchronized solutions, with a consistent focus on removing bottlenecks, mobilizing resources, and driving economic growth.
Fast-Tracking Public Investment
Under Decision No. 420/QD-UBND, Lam Dong is aiming for full disbursement of its 2026 public investment plan and the completion of allocations for any remaining 2025 funds by the end of the second quarter. Authorities have instructed project investors to follow monthly disbursement schedules to avoid the usual year-end rush in spending.
Rapid public investment is expected to stimulate construction, services, and building-materials industries, creating broader economic momentum.
At the same time, Lam Dong is strengthening non-budget investment, with 75 projects worth more than VND 71 trillion currently tracked in the provincial database to ensure faster administrative processing and the timely removal of bottlenecks.
Spreading Growth Across Localities
A new governance approach requires each commune, ward, and special administrative zone to attract or secure at least one investment project by 2026. The policy aims to spread development momentum more evenly and avoid over-reliance on a few growth centers.
Achieving double-digit growth will require extraordinary determination from all sectors and localities, with proactive efforts to remove bottlenecks and fully unlock remaining development potential.
Mr. Ho Van Muoi, member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, and Chairman of the Provincial People’s Committee
Clearing Bottlenecks in Key Projects
Provincial task forces are working directly with investors to resolve challenges related to administrative procedures, land, planning, and infrastructure.
In the energy sector, Lam Dong is accelerating renewable and power projects, including the Song Luy Hydropower Plant (16 MW) and part of the Thuan Nhien Phong Wind Power Project (11.4 MW). Authorities are also coordinating with central ministries to address obstacles facing large-scale developments such as Son My I BOT Power Plant, Son My II Power Plant, and the Son My LNG Terminal, aligned with Vietnam Power Development Plan VIII.
Boosting Agriculture and Tourism
In agriculture, the province is shifting toward high-value, technology-driven production, focusing on key export products such as coffee, durian, dragon fruit, tea, vegetables, and flowers through specialized raw-material zones linked to processing and exports.
Meanwhile, tourism and services are expected to gain momentum through major projects such as Ham Tien – Mui Ne urban development and the proposed Bung Thi Hot Spring Tourism Complex, with an estimated investment of VND 22.1 trillion.
Alongside investment attraction, the province is also expanding export markets by helping businesses leverage free trade agreements (FTAs) and closely monitoring global market trends.
Lam Dong aims to exceed VND 34.5 trillion in state budget revenue by 2026, about 10% higher than initial projections, reinforcing its ambition to maintain strong economic momentum.