Lam Dong needs many policies to attract investment

In the first 7 months of 2025, Lam Dong had 37 newly licensed projects, with total registered investment capital reaching over 13,706 billion VND.

Attracted 37 new projects

In the first months of 2025, Lam Dong faced many difficulties. Problems related to site clearance, mineral planning, bauxite, titanium, urban planning, etc. have lasted for many years and have not been thoroughly resolved. This has partly affected the process of attracting investment in the locality.

However, with great efforts, Lam Dong still attracts many investment projects. Compared to previous years, the investment attraction results in the first months of 2025 are not impressive, but create many highlights for the province to continue to promote in the coming time. For example, Binh Thuan Sports Shoe Factory, invested by Dai Hoa Company Limited, with a total registered capital of 893 billion VND. The total leased area of the project is 7.71 hectares in Ham Kiem 1 Industrial Park. Novita Decorative Brick Factory, invested by Novita Ceramics Production and Trading Joint Stock Company, with a total registered capital of 150 billion VND and a leased area of 5.98 hectares...

In the field of high-tech agriculture , Lam Dong is also attracting attention from domestic and foreign investors.

According to the Department of Finance, since the beginning of the year, the province has had 37 newly licensed projects, with a total registered investment capital of over VND13,706 billion. This result has contributed to increasing the total investment projects in Lam Dong in terms of both quantity and registered capital. To date, Lam Dong has 2,934 projects, with a total investment capital of about VND2 million billion. This is a very remarkable number, affirming the attractiveness of the investment environment in Lam Dong in the eyes of the domestic and foreign business community.

Not to mention, Lam Dong has also received attention and proposals to implement investment projects from large investors. Currently, many enterprises operating in the field of mineral and bauxite exploitation have come to learn and raise issues with the province. The Department of Finance is completing all procedures to speed up the progress of granting policies for these projects.

At the press conference on the socio-economic situation in July, held on August 1, Director of the Department of Finance Phan The Hanh said that the results of attracting investment in Lam Dong have not reached the expected number, but that is the result of the locality's efforts. Therefore, the process of promoting and attracting investment in Lam Dong has times when it cannot be implemented. The reason is that investors who come to survey and learn are all stuck with bauxite planning, titanium planning... "To implement investment projects, it is necessary to comply with all planning. However, for a long time, Lam Dong has been stuck with bauxite and titanium planning," said Mr. Hanh.

According to Mr. Hanh, Lam Dong is continuing to petition the Central Government to remove many obstacles beyond the province's authority. Relevant ministries and branches are joining in to remove obstacles for the locality. Hopefully, in the coming time, when the difficulties and obstacles are gradually removed, it will create favorable conditions for investors to start operating.

Lam Dong will create all favorable conditions for investors and businesses to operate.

Lots of room

Currently, Lam Dong is prioritizing investment attraction in high value-added sectors such as industry, renewable energy, high-tech agriculture, eco-tourism, resorts, etc. The locality currently has a lot of room to attract investment. Some "eagle" investors such as Copenhagen Infrastructure Partners and Enterprize Energy are promoting large wind power projects with a scale of tens of billions of USD. Large-scale urban projects such as Novaworld Phan Thiet (about 5 billion USD, over 1,000 hectares); the urban service area in Phan Thiet implemented by Phu Quoc Beautiful Sea and Ha Long Sun are also in the investment procedure stage.

In particular, in the bauxite sector, many investors have completed their documents and procedures and are waiting for the province to issue investment policies. Of which, in Lam Dong Dai Ngan, there are 4 enterprises and in Lam Dong Ngan Hoa, there is 1 enterprise. Each of these projects, when put into operation, has a capital of no less than 1 billion USD.

wind area — Wind power and renewable energy are fields in which Lam Dong still has a lot of potential.

Regarding investment attraction in the bauxite sector, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee Ho Van Muoi affirmed: "Many enterprises have submitted applications for investment approval. Lam Dong currently has a huge potential for minerals, titanium, green energy and renewable energy. The Department of Finance and localities must resolutely focus on attracting large investments in this sector."

In the field of high-tech agriculture, Lam Dong is also attracting domestic and foreign investors' attention in production models applying 4.0 technology in smart irrigation, organic agriculture, post-harvest logistics chains, etc.

According to Director of the Department of Finance Phan The Hanh, Lam Dong has great potential for attracting investment. However, there are many very large projects that have been and are still stuck, so they cannot be invested in or put into operation. "The province is updating relatively complete plans to attract large investors. Currently, Lam Dong's infrastructure is gradually being completed to promote calling for investors," Mr. Hanh informed.

Regarding infrastructure, at the press conference on the socio-economic situation in the first 7 months, held on August 1, Vice Chairman of Lam Dong Provincial People's Committee Nguyen Hong Hai said that one of the current barriers to attracting investment is the unsynchronized transport infrastructure. "Lam Dong is actively coordinating with the Central Government to speed up the progress of projects such as: Tan Phu - Bao Loc - Lien Khuong Expressway; upgrading Lien Khuong Airport; expanding connecting routes to Ninh Thuan, Binh Thuan, Dak Nong; expanding the North - South railway system... These are important infrastructure drivers to reduce logistics costs and increase competitiveness for investment projects in the province," said Mr. Hai.

In the first 7 months of 2025, Lam Dong had 1,726 newly established enterprises, with registered capital of VND 9,159.9 billion, an increase of 19.1% in the number of enterprises and 2.3% in registered capital.

Strengthening investor connections

To attract investment, Lam Dong has identified improving the provincial competitiveness index (PCI) as a top priority. The locality will focus on deploying digital platforms, supporting site clearance, publicizing planning and investment calling lists, etc. From here, Lam Dong will help businesses easily access information and limit risks during project implementation.

Lam Dong also identifies that “the success of enterprises is the success of the province”. Therefore, the province is strengthening models of periodic dialogue and contact with enterprises to resolve difficulties. Investment promotion and startup support centers have been and are being improved to support investors from the time of approach until the project is put into operation.

At the conference to evaluate the socio-economic situation in the first 7 months and deploy tasks for August 2025, held on August 1, Deputy Secretary of the Provincial Party Committee and Chairman of the Lam Dong Provincial People's Committee Ho Van Muoi emphasized that the province will focus on investment promotion. The Chairman of the Provincial People's Committee directed units and localities to focus on reviewing all projects, especially non-budget investment projects. On this basis, Lam Dong will evaluate and propose solutions, determined not to let them stagnate.

Source: https://baolamdong.vn/lam-dong-can-nhieu-quyet-sach-de-thu-hut-dau-tu-387534.html

Comment (0)