The Central Highlands province of Lam Dong is calling for investment in five urban, tourism, industrial park and transport projects, in order to boost its key economic drive.
The first project is a 153.65-hectare urban area named South Da Nhim River in Lien Nghia commune, Duc Trong district.
Per Lam Dong province’s approval, the VND11,843 billion ($476.7 million) project aims to build 3,565 houses totaling 1.6 million square meters of floor area, including 180 villas; service-commercial areas of three and five storeys; three-storey public service facilities; schools, clinics, parks, among others.
Second, the 3,998-hectare Dankia-Suoi Vang tourism area in Lien Nghia commune, Duc Trong district would feature 7,000 accommodation rooms, a healthcare center with 200 beds, and a 6,000-learner training facility. The complex aims to attract 2.1 million tourists in 2025 and 4.9 million in 2030.
Third, provincial authorities are calling for investment in the 246-hectare Phu Binh Industrial Park, which is next to the Dau Giay-Lien Khuong Expressway and Da Nhim River and about 10 kilometers away from Lien Khuong International Airport.
Per the draft planning, manufacturing and processing would account for 50% of production in the IP, followed by supporting industries and logistics-warehouse with 30% and 20%, respectively.
The industrial park eyes to prioritize projects in farm produce processing, forestry goods, natural resources, fertilizer, apparel, textile, mechanics, and supporting industry.
The fourth is a 400-hectare medicinal plant farming area in Lac Duong district. It aims to establish an area for farming and producing medicinal materials to serve markets inside and outside the province.
The district’s annual farm produce output includes 63,058 hectare of arabica coffee, 486 tons of artichoke, 215,163 tons of vegetables, 525 billion flowers, provincial data shows. However, only 20% of the coffee, 50% of the artichokes, 5% of vegetables and flowers are processed and preserved.
The four mentioned projects are subject to preferential policies related to tax, land rent, and others.
Fifth, the province is calling for investment in the 66-kilometer Tan Phu-Bao Loc Expressway. The public-private-partnership (PPP) project, in build-operate-transfer (BOT) format, aims to ease the traffic load along the Bao Loc Pass.
The VND17,200 billion ($692 million) project is part of the Dau Giay-Lien Khuong Expressway project, linking Dong Nai province with Ho Chi Minh City and Dalat town in Lam Dong.