Vietnam’s Lam Dong attracts major investors with projects worth over $1.3bn

Hosted by the provincial People’s Committee, the event was attended by prominent domestic and foreign investors.

There are several large-scale developments among the 72 projects in which the province called for investment.

These include the Dan Kia-Suoi Vang tourism complex spanning 3,998 ha in Da Lat’s Lang Biang Ward, four bauxite-alumina-aluminum industrial complexes covering 3,000 ha, a 440-ha high-tech agricultural zone, the 625-ha Bung Thi-Ta Kou rural residential area in Ham Thuan Nam Commune, the 346-ha Tien Thanh commercial and urban zone in Tien Thanh Ward, and the Phan Thiet Airport urban area stretching 294 ha in Mui Ne Ward.

At the conference, the provincial administration awarded nine investment approvals and certificates to eight enterprises, with combined registered capital exceeding VND35 trillion. 

The projects, covering about 2,300 hectares, span tourism, agriculture, real estate, and renewable energy.

The province also signed 13 memoranda of understanding with investors, pledging to provide timely support and remove procedural obstacles to ensure progress and efficiency.

Among the investors receiving approvals or signing MoUs are some of Vietnam’s leading conglomerates and companies such as Sun Group, Vingroup, TTC Group, Novaland, and Hoa Sen Group.

Speaking at the event, Standing Deputy Prime Minister Nguyen Hoa Binh commended Lam Dong’s proactive investment promotion efforts, especially its plan to attract 360 new projects during the 2026-30 period.

He emphasized that drawing investment into transport infrastructure, clean energy, sustainable urban development, high-tech agriculture, and premium tourism aligns well with the province’s long-term advantages.

"The Vietnamese government will continue improving institutions, enhancing the business environment, and mobilizing strategic infrastructure resources to support Lam Dong’s rapid and sustainable development," Binh affirmed.

He urged the province to establish a comprehensive investment management framework to prevent bureaucratic delays and ensure timely project implementation.

This includes setting clear time frames for each administrative step from registration to certification to improve transparency and accountability.

He also encouraged enterprises to comply strictly with the law, stressing that "profits may be smaller, but will be more stable and sustainable."