New impetus for development

From the very first months of 2025, Dak Lak witnessed the launch of many large-scale, strategic projects, attracting the attention of numerous domestic and foreign investors.

A prime example is the mixed-use commercial, hotel, and residential complex project at 2 Mai Hac De Street, Buon Ma Thuot City, with a total investment of over 2,400 billion VND, developed by Ecopark Hai Duong Investment Joint Stock Company. The project has been allocated over 39,405 m² of land and leased over 3,239 m² of land in the city center by the Provincial People's Committee. The project includes terraced houses, apartments, social housing, public spaces, and commercial services. According to the Provincial People's Committee, this project plays a crucial role in the development of Buon Ma Thuot City, not only creating an architectural landmark but also promoting the development of local trade, services, and tourism .

The next multi-billion dollar project recently launched by Trung Nguyen Legend Group is the Trung Nguyen Legend Energy Coffee Factory, with a total investment of 2,000 billion VND – the largest in Southeast Asia – located in Tan An 2 Industrial Cluster, Buon Ma Thuot City. This project will not only contribute to the development of the deep processing industry but also create jobs, increase income for local people, and boost the regional economy . This is not only an important milestone but also a mark affirming the position of Vietnamese coffee on the world map.

Groundbreaking ceremony for the Phu Xuan Industrial Park infrastructure construction and business investment project (Cu M'gar district).

In the first quarter of 2025, the Phu Xuan Industrial Park infrastructure construction and operation project (Cu M'gar district) was also launched. Accordingly, the Provincial Industrial Parks Management Board and the project investor, DPV Dak Lak Joint Stock Company, signed a Memorandum of Understanding for cooperation in implementing the investment project in Phu Xuan Industrial Park with partners and businesses.

According to the Standing Vice Chairman of the Provincial People's Committee, Nguyen Tuan Ha, this is a key project of special importance. The project serves as a foundation for attracting investment projects to the industrial park. This will boost industrial growth, accelerate the province's economic restructuring towards increasing the proportion of industry, and contribute to achieving economic growth of 8% or more as targeted.

Not only impressive for the launch of multi-billion dollar projects, in the first months of 2025, the province organized many activities to attract domestic and foreign businesses to explore cooperation and investment opportunities.

The cooperation agreements signed through meetings, exchanges, negotiations, and investment approval decisions have created many new prospects for the province's socio-economic development. This is reflected in the significant increase in total investment capital for projects in the first quarter of 2025 compared to the same period last year.

Specifically, according to data from the Department of Finance, in the first three months of 2025, the province granted investment approval for 3 projects with a total investment capital of over 376 billion VND. Compared to the same period in 2024, the number of projects did not increase, but the total investment capital increased by 209.9%. This is a positive sign in the province's investment attraction efforts in recent times.

Leaders of Dak Lak province and Attapeu (Lao People's Democratic Republic) signed a cooperation agreement.

Dak Lak province hopes to attract and collaborate with even more investors in the future. This will significantly contribute to the province's economic growth goals, create more jobs for the people, and contribute to the overall development of the province.”

Permanent Vice Chairman of the Provincial People's Committee Nguyen Tuan Ha

Ms. Tran Thi Thuy Huong, Chairwoman of the Board of Directors of Lien Phuong Highland Textile and Garment Joint Stock Company, shared that on March 31, 2025, the People's Committee of Dak Lak province signed a decision approving the investment policy and simultaneously approving the investor for the Veston Textile and Garment Center Project, with Lien Phuong Highland as the investor.

Previously, while researching the investment environment and conditions in the province, she found that the climate and humidity were suitable for woolen fabric production. Furthermore, Dak Lak has nearly 2 million inhabitants, promising an abundant workforce.

Therefore, she was determined to choose this place as the location for her project, hoping to create jobs for the local people. In the future, she will continue to call on foreign investors to come to the province to create a concentrated area for the production of wool products in Vietnam.

Besides implementing major projects, the province is also promoting investment activities and expanding cooperation with domestic and foreign partners. Within the framework of the 9th Buon Ma Thuot Coffee Festival, held in mid-March 2025, the Provincial People's Committee signed a cooperation agreement with Attapeu province (Lao People's Democratic Republic) in nine areas. In addition, the province has organized numerous conferences and forums to connect investors and introduce the province's potential and investment opportunities. For example, at the international trade conference "Connecting and Elevating Vietnamese Coffee," units, businesses, and production and trading establishments in Dak Lak province signed 18 cooperation agreements with international organizations and foreign businesses.

Along with organizing trade promotion activities and investment cooperation, the launch of important new projects as well as the approval of investment policies will create strong momentum and open up great opportunities for the province to continue to break through and develop in all aspects in the coming time.

Source: https://baodaklak.vn/kinh-te/202504/dong-luc-moi-cho-su-phat-trien-7a51a92/