Central Vietnam province Lam Dong seeks investment for 72 projects

The Lam Dong province People's Committee has called for investment in 72 projects across various sectors which are set for implementation in 2025 and the 2026-2030 period.

Among them are 12 projects that need land-use right auctions, 58 requiring investor selection through bidding, and two that have received in-principle approval.

The investment portfolio spans multiple sectors: urban development & residential areas (25 projects), tourism (3), agriculture & forestry (5), water supply, drainage, and waste treatment (11), infrastructure, transport, industrial parks (7), healthcare & education (6), and commerce & services (3).

To facilitate investor engagement, the provincial Department of Finance has been assigned as the lead agency for receiving and processing project proposals. The department is also tasked with updating and adjusting the project list based on local conditions.

For state-managed lands, the Department of Finance, in coordination with the Department of Agriculture and Environment, will review and recommend suitable investor selection mechanisms to ensure legal compliance.

Local authorities are instructed to incorporate proposed project sites into their 2025 and long-term land-use plans and prepare land auctions or investor bidding proposals where applicable.

Speaking at an investment promotion conference on October 12, Chairman of the provincial People's Committee Ho Van Muoi emphasized Lam Dong’s commitment to improving its investment climate.

“The success of investors is the success of the province,” he stated, reaffirming the province’s pledge to streamline administrative procedures, enhance transparency, and offer policy incentives.

During the conference, Lam Dong authorities granted investment registration certificates or in-principle approvals for nine major projects totaling over VND35 trillion ($1.33 billion) and using over 2,300 hectares. These ventures cover tourism, agriculture, and real estate.

Notable projects include the VND12 trillion ($455.55 million) Ham Tien-Mui Ne Trade-Service-Urban Area (Phase III) by Sun Phan Thiet Investment and Development Co., Ltd.; a high-tech dairy farming and milk processing complex in Dak Nong by Dak Nong High-Tech Dairy Farm and Milk Processing Co. Ltd., valued at VND8 trillion; and the Ocean Valley Tourism Complex by Delta-Valley Binh Thuan Co., Ltd., with an investment of VND6.4 trillion.

Also during the event, Lam Dong authorities signed MoUs with 12 major companies across diverse sectors, including digital transformation, tourism, real estate, agriculture, high-tech farming, construction, renewable energy, and bauxite processing. Key names include Viettel Group, telecom group VNPT, Sun Group, and Novaland.

These MoUs aim to facilitate project research, foster public-private cooperation, and drive sustainable economic growth aligned with Lam Dong’s 2030 development vision.

On July 1, 2025, Lam Dong province was merged with Dak Nong and Binh Thuan provinces to form the new Lam Dong province which borders the provinces of Dak Lak, Dong Nai and Khanh Hoa, Ho Chi Minh City, Cambodia, and the East Sea.