Promoting public investment
According to the Director of the Department of Finance, Phan Thế Hanh, to increase GRDP growth, public investment needs to be boosted. If done well, Lam Dong could achieve the highest level of public investment in its total GRDP. Having identified this goal, from the beginning of 2025, Lam Dong has focused on solutions related to land clearance and accelerating the implementation of national target programs to promote capital disbursement.
“Lam Dong province aims to resolutely complete the 2025 public investment plan and the 2021-2025 medium-term plan. Key projects in the province, such as the National Highway 28B renovation and upgrading project; the Bao Loc - Lien Khuong Expressway project; and the Gia Nghia - Chon Thanh Expressway project, are being expedited. The province has directed relevant units to proactively coordinate with central ministries and agencies to promptly resolve difficulties and obstacles related to these projects,” Mr. Hanh informed.
In fact, slow growth in public investment will affect the GRDP growth rate. This is because in 2025, the industrial and construction sectors are expected to contribute a large amount to the province's GRDP. By the end of August 2025, Lam Dong had only disbursed 6,369 billion VND, reaching 33.7% of the plan. With this result, Lam Dong has a low investment disbursement rate, below the national average (39.9%).
To accelerate the disbursement of investment capital, localities are determined to recover allocated funds from projects whose disbursement volume does not meet the approved plan. For projects that do not proceed according to the approved plan, the province is determined to recover the funds and reallocate them to projects with good disbursement volumes, ensuring investment efficiency and preventing losses and waste.
Regarding public investment, Chairman of the Provincial People's Committee Ho Van Muoi instructed project management boards to disburse all funds, especially for key projects. “No more promises, say it and do it. Good disbursement results will lead to good results. To achieve this, project management boards must be determined, resolute, united, and have internal cohesion. Units must coordinate with relevant departments and agencies, proactively resolve difficulties and obstacles, and promptly report the disbursement situation to higher authorities,” Chairman Ho Van Muoi directed.
Unlocking capital flows
Along with public investment, credit capital is considered a "tonic" to boost the economy , promoting investment, exports, and consumption. Since the beginning of the year, many banks in Lam Dong province have simultaneously adjusted down deposit interest rates, contributing to lower lending interest rates and supporting economic recovery and development.
According to the State Bank of Vietnam's regional assessment, deposit interest rates remained stable during the first eight months of the year. Some credit institutions reduced interest rates to help people and businesses more easily access credit for production and business development.
By the end of August 2025, mobilized capital in Lam Dong province reached VND 215,412 billion, an increase of 9.83% compared to the beginning of the year. Total outstanding loans to the economy reached approximately VND 350,000 billion.
According to the Lam Dong Provincial Business Association, the reduction in interest rates by banks is welcome news for the business community. However, simplifying procedures, shortening approval times, and establishing lending regulations that are appropriate for the specific characteristics of small and medium-sized enterprises (SMEs) need to be prioritized. Only then will the interest rate reduction truly be effective in supporting businesses.
To boost GRDP growth, Lam Dong province continues to actively attract investment projects. 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 for developing the private economy, creating conditions to maximize the mobilization of resources from businesses to contribute to economic growth and development.
Simultaneously, the province is reviewing and inspecting the progress of projects that have received investment approval to consider providing support to overcome difficulties and accelerate implementation. The province is stepping up efforts to support investors in resolving difficulties and obstacles for large-scale projects outside the budget, especially wind power projects, industrial parks, urban projects, and energy projects.
“The Department of Finance has advised the Provincial People's Committee to establish a working group to resolve difficulties and obstacles in long-standing stalled projects. With the solutions that have been and are being implemented, Lam Dong is determined to create favorable conditions to support investors and businesses,” said Mr. Phan The Hanh.
According to the 2025 plan, Lam Dong province has a total public investment capital of over 18,900 billion VND. Of this, 2,777 billion VND is from the 2024 plan, and 16,123 billion VND is for the 2025 plan.
Source: https://baolamdong.vn/khoi-thong-cac-dong-von-de-dat-muc-tieu-tang-truong-tren-8-390667.html
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