Unblocking capital flows to achieve growth target of over 8%

Lam Dong Provincial leaders inspect the progress of Gia Nghia Central Square Project

Promoting public investment

According to Director of the Department of Finance Phan Thế Hanh, in order to increase GRDP growth, public investment needs to be promoted. If done well, Lam Dong can reach the highest level of public investment in total GRDP. Determining this goal, from the beginning of 2025, Lam Dong has focused on many solutions on site clearance, promoting the implementation of national target programs to promote capital disbursement.

“The goal set by Lam Dong is to be determined to complete the 2025 public investment plan and the 2021-2025 medium-term plan. The province's key projects such as the National Highway 28B Renovation and Upgrade Project; Bao Loc - Lien Khuong Expressway Project; Gia Nghia - Chon Thanh Expressway Project... are being urged to speed up implementation progress. The province has directed relevant units to proactively coordinate with central ministries and branches to promptly remove difficulties and obstacles related to the projects,” Mr. Hanh informed.

In fact, slow growth in public investment will affect the GRDP growth rate. Because in 2025, the industrial and construction sectors are expected to contribute a large part to the province's GRDP. By the end of August 2025, Lam Dong had only disbursed VND 6,369 billion, reaching 33.7% of the plan. With this result, Lam Dong has a low investment capital disbursement rate below the national average (39.9%).

To speed up the disbursement of investment capital, the locality is determined to recover the capital allocated to projects with disbursement volume not implemented according to the approved plan. For projects not implemented according to the approved plan, the province is determined to recover the capital to adjust the capital to projects with good disbursement volume, ensuring investment efficiency, avoiding loss and waste.

Regarding public investment, Chairman of the Provincial People's Committee Ho Van Muoi directed project management boards to disburse all capital sources, especially key projects. "Now, no more promises, just do what you say. If the disbursement results are good, everything will be good. To do this, the project management board must be determined, resolute, united, and internally unified. The unit coordinates with departments and branches, proactively removes difficulties and obstacles, and promptly reports the disbursement situation to superiors," Chairman of the Provincial People's Committee Ho Van Muoi directed.

Unblocking capital flows

Along with public investment, credit capital is considered a "medicine" to support the economy , promoting investment, export and consumption. Since the beginning of the year, many banks in Lam Dong have simultaneously adjusted to reduce deposit interest rates, contributing to lowering lending interest rates, supporting economic recovery and development.

Accelerated disbursement of public investment capital will lead to high GRDP growth.

According to the assessment of the State Bank of Region X, in the first 8 months of the year, the mobilization interest rate level remained stable. Some credit institutions have reduced interest rates to help people and businesses easily access credit capital to develop production and business.

By the end of August 2025, mobilized capital in Lam Dong reached 215,412 billion VND, an increase of 9.83% compared to the beginning of the year. Total outstanding loans to the economy reached about 350,000 billion VND.

According to the Lam Dong Province Business Association, the reduction of interest rates by banks is a good thing for the business community. However, simplifying procedures, shortening approval time, and having regulations on loans suitable to the characteristics of small and medium enterprises need to be focused on. Only then will the reduction of interest rates truly be effective in supporting businesses.

To increase GRDP, Lam Dong continues to promote attracting investment projects to the area. Along with investment promotion activities, the province focuses on improving the investment and business environment and reforming administrative procedures. The province is also effectively implementing tasks and solutions on private economic development, creating conditions to mobilize maximum resources of enterprises to contribute to economic growth and development.

At the same time, the province will review and check the progress of projects that have been approved for investment in order to consider supporting the removal of difficulties and speed up the implementation progress. The province will promote the support for investors to remove difficulties and obstacles for large projects outside the budget, especially wind power projects, industrial parks, urban projects, energy projects, etc.

“The Department of Finance advised the Provincial People’s Committee to establish a working group to resolve difficulties and problems of long-standing backlog projects. With the solutions that have been and are being implemented, Lam Dong is determined to create favorable conditions to accompany investors and businesses,” said Mr. Phan The Hanh.

According to the 2025 plan, Lam Dong has a total public investment capital of more than 18,900 billion VND. Of which, the capital plan for 2024 is 2,777 billion VND, the capital plan for 2025 is 16,123 billion VND.

Source: https://baolamdong.vn/khoi-thong-cac-dong-von-de-dat-muc-tieu-tang-truong-tren-8-390667.html