A bright spot for FDI investment.

In recent years, Dak Lak province has become an attractive destination for many foreign investors. Foreign direct investment (FDI) enterprises not only contribute to promoting the shift in economic structure towards industrialization and modernization but also create more jobs and make significant contributions to the local budget and social life.

Báo Đắk Lắk•06/11/2025

According to the Department of Finance's report, as of the third quarter of this year, the province has 61 foreign investment projects with a total registered capital of over US$2.2 billion, of which nearly US$0.14 billion has been implemented. FDI enterprises have created jobs for over 10,000 workers, with net revenue reaching US$79.42 million, export turnover reaching US$39.65 million, and tax contributions of approximately US$3.16 million. Beyond economic value, the FDI sector also provides impetus for technological innovation and promotes key manufacturing industries.

Concept Eyewear Manufacture Vietnam Co., Ltd. invests in modern technology and promotes the development of high-quality human resources in the local area.

KCP Vietnam Industrial Co., Ltd. is one of the leading enterprises with a long history in the province. Mr. KVSR Subbaiah, General Director of the company, stated that with the support of the provincial leadership for over two decades, the company has operated stably and continuously expanded its scale. For the 2025-2026 crop year, KCP Vietnam Industrial Co., Ltd. will invest 545 billion VND, signing contracts with 13,700 sugarcane farmers on an area of 30,850 hectares. This is the largest area of sugarcane under contract in the past 25 years, contributing to the formation of a stable raw material area and increasing income for sugarcane growers.

Foreign direct investment (FDI) enterprises have made significant strides not only in agriculture but also in processing and supporting industries. A prime example is Concept Eyewear Manufacture Vietnam Co., Ltd. (Hoa Hiep Industrial Park), which specializes in manufacturing eyeglasses for export to the US, Europe, and Asia. According to Mr. Leon Xu, the company's production director, approximately 70-80% of the company's products are exported to the US, with the remainder going to France, Italy, Japan, Singapore , and other countries. Investing in technology not only helps businesses increase productivity but also promotes technology transfer and the training of high-quality local human resources.

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Dak Lak is actively improving its investment environment, creating the most favorable conditions for domestic and foreign businesses. Since the beginning of 2025, the province has accelerated the process of handling administrative procedures in the investment sector, applying online public services, and shortening the time for issuing investment certificates and construction permits.

KCP Vietnam Industrial Co., Ltd. is one of the highly efficient FDI manufacturing enterprises in the province.

In the third quarter of 2025, many businesses expanded production, increased investment capital, and registered to purchase equity stakes from foreign investors. A prime example is Hou Chien Hua Dak Lak Agricultural and Forestry Production and Processing Company Limited, which received notification from the Department of Finance confirming its eligibility to acquire equity stakes as per regulations. This demonstrates the strong strengthening of foreign investors' confidence in the province's business environment.

According to the Department of Finance's assessment, the participation of the foreign investment sector has contributed to promoting the restructuring of the local economy, increasing the proportion of industry and services, reducing dependence on traditional agriculture; and at the same time creating a positive competitive environment, forcing domestic businesses to innovate technology and improve productivity.

“To continue attracting and effectively utilizing FDI capital, in the coming time, the province will focus on reviewing and perfecting the planning of industrial zones and clusters, developing transportation and logistics infrastructure, and having appropriate incentive mechanisms for investors in potential fields such as high-tech agriculture, renewable energy, agricultural processing industry, and ecotourism. In addition, relevant departments and agencies will continue to support FDI enterprises in their operations, promptly resolving land-related issues and administrative procedures… ensuring a stable and transparent investment environment,” emphasized Mr. Nguyen Hoang Phuc, Deputy Director of the Department of Finance.

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