With a profound strategic vision, a methodical development plan, synchronous policies and close coordination between the government and the business community, Lam Dong is on the path of strong development, becoming a modern, green, and unique economic and social center of the largest province in Vietnam.
The breakthrough of local potential is affirmed not only through economic growth figures, but also through the improvement of people's quality of life, environmental sustainability and the spirit of innovation in all production and business activities. This is the clearest and most decisive evidence for a prosperous and sustainable future that Lam Dong is aiming for.
Private economy - the pillar of dynamic development
After merging administrative units, Lam Dong became the province with the largest natural area in Vietnam with more than 24,000 km² and a population of nearly 3.9 million people. This is a breakthrough in terms of geographical scale and human resources, and also sets new requirements in the management, development and effective allocation of socio-economic resources.
Lam Dong identifies the private economy as a key driving force, a consistent vision of Resolution 68. At the event "Business Meeting 2025", Vice Chairman of Lam Dong Provincial People's Committee Dinh Van Tuan affirmed his commitment to building a transparent, favorable investment environment and accompanying businesses. The province aims to reach 33,000 enterprises by 2030, and increase to 78,000 enterprises by 2045, demonstrating its determination to develop the private economic sector quickly, strongly and sustainably. This is a big challenge, requiring innovation in management thinking, promoting innovation, and improving competitiveness in the context of globalization and the 4.0 industrial revolution.
Lam Dong also expressed its desire to form leading enterprises with high competitiveness, which will act as the core to lead key economic sectors. These corporations not only promote inherent economic growth but also create conditions for the formation of production and supply chains based on high technology, helping to increase added value for the economy and enhance the province's position in the regional and international markets. The focus on developing leading enterprises helps overcome the limitations of small and medium enterprises in accessing resources, technology and export markets.
Lam Dong has identified three key areas as driving forces for development. First, mineral industry and renewable energy, exploiting the great potential of bauxite and titanium, aiming to become the leading aluminum industrial center in the country. Second, high-tech agriculture, with the strength of nearly 500 hectares of flower cultivation and many key agricultural products, affirming its position as a "modern agricultural capital". Third, diverse and unique tourism, developing new types such as farm tourism, resorts, and medical treatment, increasingly attracting domestic and foreign tourists. These three pillars not only contribute greatly to the provincial economy but also form a multi-dimensional and sustainable development ecosystem.
Along with economic growth, Lam Dong identifies the development of high-quality human resources as the core foundation for innovation and competitiveness enhancement. The province focuses on investing in vocational training, improving labor productivity, and promoting the connection between businesses and educational and training institutions. Thanks to that, a qualified workforce is gradually formed, meeting the requirements of technological transformation, international integration and sustainable green economic development orientation.
Infrastructure and land fund – the foundation to promote business development
One of Lam Dong’s breakthrough policies is to reserve at least 5% of land in industrial zones and clusters for small businesses and start-up projects – groups that are often easily squeezed by high land costs. At the same time, the exemption policy in the first 5 years creates favorable financial conditions, reduces capital pressure and promotes market entry for new investors. This not only contributes to diversifying the business structure but also creates a variety of business models, thereby increasing competitiveness and innovation in the local economy.
According to the Department of Industry and Trade of Lam Dong province, in the period of 2021 - 2030, with a vision to 2050, Lam Dong province is planning 67 industrial clusters, with a total area of over 2,620 hectares. Of which, 23 industrial clusters have infrastructure investors, with a planning area of over 819 hectares, accounting for more than 32% of the planning area; attracting 170 secondary investors, with a lease area of over 268 hectares; the remaining 44 industrial clusters do not have investors, with an area of over 1,801 hectares. Of the 44 industrial clusters that do not have investors, there are 5 industrial clusters with 42 existing secondary investors, with a usable area of over 60 hectares.
Smart financial support – leading the trend of digitalization and greening
Lam Dong aims to expand access to capital for businesses by establishing a dedicated credit channel for startups and priority areas such as digital transformation, green technology and innovation. This is an important step to remove the capital “bottleneck” for businesses with growth potential but lacking initial financial resources. This investment not only helps develop the economy but also aims at a commitment to sustainable development, minimizing environmental impact and increasing the application of modern green technology measures.
Administrative reform – a breakthrough in the investment environment
The goal of reducing at least 30% of the time for processing investment procedures and eliminating inappropriate business conditions is considered a strategic step for Lam Dong in administrative reform. Along with that, the digitalization of the entire licensing and business registration process and the interconnection between functional agencies will help significantly shorten the time and costs for investors, while minimizing complicated paperwork. This solution not only contributes to limiting negativity, creating trust and convenience for businesses, but also enhances the competitiveness of the province, making Lam Dong an attractive investment destination on the national and international map.
The province has focused on drastically resolving bottlenecks related to planning, land, and investment procedures to effectively mobilize resources for essential infrastructure development. This is especially important for key areas such as transportation, education, health care, and climate change adaptation solutions. Open development space and legal stability not only create an attractive investment environment but also contribute to improving the quality of life and social security in the province.
Strengthening dialogue - removing difficulties to develop together
The regular dialogue mechanism between the government and businesses is maintained systematically to immediately respond and resolve backlogs and difficulties that businesses encounter in the production and business process. This form of dialogue not only improves the business environment but also honors effective business models, creating momentum for local economic development. The sincerity in exchanging and removing legal and administrative bottlenecks is a manifestation of the receptiveness and dedicated support spirit from the provincial leaders.
In addition to support from the government, Lam Dong's business community is also encouraged to proactively transform and adapt for sustainable development. Individual business households are encouraged to transform into official enterprises; small and medium enterprises strengthen their management capacity, develop their brands and participate in value chain linkages. Expanding connections between private enterprises and state-owned enterprises, FDI enterprises and domestic and foreign partners is considered a strategy to increase competitiveness and diversify the market.
Widening the road to attract investment
Investment data in the first 8 months of 2025 shows clear optimism: More than 2,200 newly established enterprises with a total registered capital of VND 11,700 billion; 37 newly approved investment projects with a registered capital of over VND 13,700 billion; the total number of valid projects is nearly 3,000 with a total capital of about VND 2 million billion, including 235 FDI projects with a capital of over VND 224,000 billion.
These figures show that Lam Dong has become a reliable investment destination, continuing to affirm the attractiveness of this potential land to both domestic and international investors.
The Provincial People's Committee is determined to strongly promote administrative reform, reduce investment procedures, publicize the competitive capacity index (DDCI), review and classify projects to develop practical solutions.
- PHAM NGUYEN NGOC DUY – Chairman of Lam Dong Young Entrepreneurs Association: “In the context of economic recovery full of difficulties and competition both domestically and internationally, being fully equipped with information on policies and support programs of the Government is extremely necessary for members and local businesses to proactively plan sustainable production and business. The Association is committed to always accompanying and creating favorable conditions for members to connect, improve management capacity and develop sustainable business in the digital age.
The Lam Dong Investment Promotion Conference 2025 will attract more than 750 delegates, including many corporations such as Vingroup, Sun Group, TH Group, Viettel... and international organizations.
Source: https://baolamdong.vn/lam-dong-vuon-tam-phat-trien-ben-vung-dot-pha-tu-ba-tru-cot-394848.html
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