Deputy PM calls on Lam Dong to tap advantages to lure investments

Permanent Deputy Prime Minister Nguyen Hoa Binh encouraged businesses to explore the province’s potential and make wise investment decisions aligned with Vietnam’s development trends and Lam Dong’s four strategic pillars. Sustainable development, he said, must go hand in hand with legal compliance and environmental responsibility.

Permanent Deputy Prime Minister Nguyen Hoa Binh addresses Lam Dong province's investment promotion conference on October 12. (Photo: VNA)
Permanent Deputy Prime Minister Nguyen Hoa Binh addresses Lam Dong province's investment promotion conference on October 12. (Photo: VNA)

Lam Dong (VNA) – Permanent Deputy Prime Minister Nguyen Hoa Binh has urged the central province of Lam Dong to capitalise on its four pillars of tourism, high-tech agriculture, minerals, and renewable energy to attract investments.

Attending the province’s investment promotion conference on October 12 morning, which drew the participation of nearly 750 delegates from ministries, sectors, foreign embassies, and international organisations, as well as major corporations, the Deputy PM laid stress on the need to invest in transport infrastructure, particularly expressways, airports, and seaports to promote regional connection, while shaping up a professional administrative system that supports enterprises, remove bottlenecks for projects in a timely fashion, and unlock investment resources.

He encouraged businesses to explore the province’s potential and make wise investment decisions aligned with Vietnam’s development trends and Lam Dong’s four strategic pillars. Sustainable development, he said, must go hand in hand with legal compliance and environmental responsibility.

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The conference draws the participation of nearly 750 delegates from ministries, sectors, foreign embassies, and international organisations, as well as major corporations. (Photo: VNA)

The conference served as a platform for Lam Dong to showcase its potential, competitive advantages, strategic orientations, and key projects for 2025–2030. The province also announced its strategy for developing a green economy, renewable energy, eco-tourism, and smart cities, while creating space for dialogue and cooperation with investors.

According to the provincial People’s Committee, the locality is now home to over 33,000 active enterprises with total registered capital exceeding 350 trillion VND (13.3 billion USD). This year, 72 “clean” projects with complete legal requirements stand ready for investors’ implementation, including 25 projects in urban and residential development, 12 in industry and energy, 11 in water supply and waste treatment, seven in transport infrastructure and industrial clusters, six in health care – education, and three in trade – services.

During the 2025-2030 period, Lam Dong plans to complete legal documents and planning for an additional 300 projects to attract investors.

In his speech, Chairman of the provincial People’s Committee Ho Van Muoi pledged to continue improving local investment climate, pushing ahead administrative reform, carrying out incentives to create the best conditions for investors.

At the event, the province granted investment approvals and certificates to eight enterprises with a total investment of nearly 35 trillion VND and signed 11 memoranda of understanding in such key sectors as green energy, digital transformation, and mineral processing./.

VNA

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