Challenges to be solved

One of the great expectations of Dak Lak province is to create an East-West development axis, connecting the highland region with the South Central Coast.

However, in reality, the technical infrastructure and traffic between the two axes are still not synchronized. Currently, National Highway 29 is still limited in terms of load capacity and traffic safety; highways and seaports have not been fully invested in.

Although there are investment opportunities, building effective connecting infrastructure between mountainous and coastal areas, between new key economic zones will be a big problem in terms of capital and time. The lack of complete connecting infrastructure is also a concern for many enterprises.

Vung Ro seaport, one of the province's important cargo transportation hubs. Photo: Ho Nhu

Mr. Dang Van Huy, Director of Huy Hung Company Limited, shared that Dak Lak province has great opportunities to attract investment. However, to promote import and export of goods, it is necessary to have warehouses at seaports, especially warehouses and refrigerated transport vehicles, because the goods of the province are mostly agricultural and aquatic products. In addition, most small and medium enterprises in the province lack knowledge of international trade. Therefore, it is necessary for investors to carry out projects related to legal services to support enterprises in grasping the standards of each country, as well as learning about foreign markets.

"To ensure growth of 8% or more, administrative reform and investment attraction are key issues and play a very important role. However, there are still many "bottlenecks" in this work. In addition to "bottlenecks" in mechanisms and policies, there are also "bottlenecks" in psychology. Therefore, in the new situation and new requirements, the problem is that officials and civil servants themselves must remove these "bottlenecks" in psychology."

Member of the Party Central Committee, Secretary of the Provincial Party Committee

In addition, according to many enterprises, integrating the two administrative apparatuses, building a new, synchronous master plan and unified management and investment incentive policies will require a lot of time and effort. Without synchronization, investors may have difficulty understanding and implementing regulations.

Previously, each locality had its own planning, so the requirement after the merger and consolidation was to quickly adjust and integrate the planning into the new space.

Meanwhile, changes in strategies, planning and development plans must follow specific principles and processes, creating conditions for development that are suitable to reality, avoiding conflicts and lack of synchronization, affecting growth and investment attraction.

Therefore, the new provincial government is gradually rebuilding a plan to support businesses and ensure reasonable resource allocation, minimizing inequality between the core and peripheral areas.

At the same time, identify key economic sectors and industries based on comparative advantages, build new brands to attract investment, develop tourism , services, industry, and logistics systems. From there, create regional links, optimize supply chains, and reduce transportation costs.

According to the Department of Finance, previously, each locality (formerly Phu Yen and former Dak Lak) had developed an investment promotion program for the province in 2025.

The programs are implemented according to the socio-economic development orientation of each locality in 2025. In which, the focus is on attracting industries and fields with advantages in line with the economic development orientation and strategy of the province.

Therefore, the Department of Finance is coordinating with relevant sectors to rebuild a new program and plan based on the two issued investment promotion programs.

The goal is to continue to promote and attract investment, develop start-ups and innovation; strongly improve the investment environment, mobilize and effectively use resources to serve socio-economic development, and ensure security and national defense.

Tuy Hoa Airport will be expanded to serve the increasing demand of passengers, creating a driving force to attract investment in the province. Photo: Ho Nhu

Mr. Tran Van Tan, Director of the Department of Finance, said that the province's merger is an opportunity to improve competitiveness by taking advantage of regional advantages and larger scale. In particular, improving the Provincial Competitiveness Index (PCI), simplifying administrative procedures and creating a transparent and friendly business environment are among the key factors. Currently, the Department is reorganizing the Dak Lak Provincial Investment Promotion Center. This will be the main unit to advise on the province's investment promotion.

Hopefully, in the coming time, changing strategies, planning and development plans according to specific principles and processes will open up more opportunities in attracting investment. At the same time, it will create conditions for the province to develop sustainably, in accordance with the actual situation as well as the "double" potentials after the merger.

Source: https://baodaklak.vn/kinh-te/202507/nhung-thach-thuc-can-hoa-giai-cb31230/