A bright spot attracting investment.
The first few months of 2026 have seen many positive signs in attracting investment to the province. According to the Department of Finance, from the beginning of the year until now, the province has received and processed applications for 87 projects, including 68 applications for new investment projects and 19 applications for project adjustments. This result not only shows an increase in the number of research and survey projects but also reflects a high level of registered investment capital flowing into the locality.
Photo: PV
Of the 68 new investment project proposals, 17 projects outside industrial zones have received approval in principle and investor approval, with a total registered capital of VND 25,934 billion; 14 projects are currently awaiting approval in principle, with a total registered capital of VND 29,396 billion; and 37 projects are under appraisal, with a total registered capital of VND 63,715 billion. In addition, the Department of Finance has received and proposed assigning specialized agencies to handle 2 bidding projects that are not subject to investment approval.
Alongside the wave of new investments, businesses are also continuously expanding their scale. The province has successfully approved capital increases for 13 projects, with a total registered capital increase of VND 1,253 billion; and is currently reviewing 6 applications. Notably, the new capital flow is strongly concentrated in the province's key sectors, with 33 energy projects totaling VND 57,033 billion in registered capital; 3 tourism projects with a total investment of VND 6,628 billion; and 1 agricultural project with a total investment of VND 54 billion.
Comrade Hoang Van Van, Director of the Department of Finance, stated: Investment attraction efforts in the first months of 2026 have seen many positive changes thanks to the decisive direction of the Provincial Party Committee and the Provincial People's Committee, and the involvement of departments, agencies, and localities. The Department of Finance has accelerated administrative procedure reforms, reducing processing time by at least 25%, ensuring transparency in procedures, and promptly addressing requests from organizations and individuals, contributing to improving the investment environment.
The investment attraction results in the first six months of the year have affirmed a significant shift in the province's leadership and management. The province has been working closely with investors from the initial research and survey stages for key projects to the implementation of procedures related to investment, land, environment, and construction. This collaboration has been carried out simultaneously by various departments and agencies, rather than sequentially as before. This coordination has significantly shortened the investment preparation time.
The recently commenced Risen Phu Yen Wind Power Plant project is clear evidence of the province's commitment to reform. From the time the investor submitted their application (April 16, 2026) to the Provincial People's Committee issuing the decision approving the investment policy and simultaneously approving the investor, it took less than 50 days. Mr. Nguyen Van Hiep, Chairman of the Board of Directors and General Director of the Risen Phu Yen Wind Power Plant Project, shared: "The company's goal is not only to implement the project but also to partner with the locality in building a green development ecosystem, combining renewable energy with ecotourism and clean agriculture. We hope to continue receiving support from departments, agencies, and local authorities to bring the project into operation in the third quarter of 2028."
Trust comes from companionship.
Besides wind power, a series of large-scale projects are being implemented in the province. The 800 MW floating solar power project on the Son La hydroelectric reservoir, with a total investment of approximately 17,000 billion VND, has received investment approval and held its groundbreaking ceremony in mid-May. In addition, the Ta Xua Wind Power Project, with a total investment of over 3,414 billion VND, is also being accelerated.
Photo: PV
Regarding tourism and infrastructure, the highland tourism brand is being boosted by the Ta Xua Resort Project, covering 47.2 hectares with a total investment of over 497 billion VND. In the central urban area, the multi-purpose sports center project in Chieng Coi ward, covering over 10 hectares with a total investment of over 158 billion VND, is being prepared for implementation to improve the quality of life for local people. In addition, major investors are actively conducting site surveys to propose large-scale ecological and resort projects in Moc Chau ward and Ngoc Chien commune. These projects not only bring significant capital but also create momentum for economic restructuring, generate jobs, and form new development spaces for the province.
From the emerging wind farms in Phu Yen and Muong Coi, to tourism projects on the peak of Ta Xua, and new urban and service areas in central wards, a clear flow of investment is being facilitated. The province is accompanying investors in the implementation of key projects on the principle of ensuring fairness and transparency.
Speaking at the groundbreaking ceremony for the Risen Phu Yen Wind Power Plant Project, Mr. Nguyen Dinh Viet, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, emphasized: To get the project approved in less than 50 days, the provincial departments and agencies coordinated closely and urgently to inspect the current state of forests, land, and terrain, and completed the process of gathering opinions from 12 relevant units. On June 2, 2026, the Provincial Party Standing Committee agreed on the principle, and just three days later, the Provincial People's Committee issued a decision approving the investor to implement the project.
To further attract investment, the Provincial People's Committee has directed departments, agencies, and localities to continue supporting and guiding investors in completing all legal procedures; and to revise and finalize the "Regulations on the mechanism for classifying and processing administrative procedures for investment projects in Son La province". The goal is to shorten the time for resolving administrative procedures by 20-50% compared to regulations, accelerate the processing of investment preparation dossiers for key projects, prioritize investment attraction, and create conditions for key projects to be implemented soon.
Outstanding reform efforts, coupled with a collaborative mindset and the removal of barriers for businesses, are key to making our province a destination for investors. Attracting key projects will not only boost GRDP growth and budget revenue, but also provide a solid foundation for the province to realize its goal of rapid, green, and sustainable development in the 2026-2030 period.
Source: https://baosonla.vn/kinh-te/dau-an-but-pha-trong-thu-hut-dau-tu-NdrarxBvg.html
