A transparent, stable and investor-friendly environment plays a vital role in enhancing competitiveness as well as attracting investment. In Dak Lak, alongside infrastructure upgrades, industrial expansion and administrative reform (AR), authorities at all levels are building a service-oriented administration centred on citizens coupled with enterprises, creating momentum for socio-eco development.

Enhancing investment appeal

Recognising the business community as an important growth driver, Dak Lak has implemented a range of measures to improve the investment environment, making it more open, transparent and convenient for investors. Provincial departments, agencies combined with localities have accelerated IT application in handling administrative procedures and improved the one-stop-shop as well as integrated one-stop-shop mechanisms, helping reduce both time and costs for enterprises.

Investors conducting investment site visits at the South Phu Yen Economic Zone.

The province has also maintained regular meetings alongside dialogue with enterprises through investment promotion conferences, entrepreneur coffee programmes and thematic working sessions. Consequently, numerous obstacles related to planning, land issues, investment procedures, site clearance along with capital access have been promptly received and addressed.

Thanks to these efforts, the provincial investment environment has continued to improve. In the South Phu Yen Economic Zone (EZ) together with industrial parks (IPs) in the provincial eastern area, investors benefit from incentive policies along with support throughout project implementation. Since early 2026, the Phu Yen EZ Management Board has licensed eight new projects and approved adjustments to five existing projects, with total registered capital exceeding 3,173 billion VND. To date, the area has attracted 134 investment projects, while the average occupancy rate at its five operational IPs has reached nearly 96%.

At a recent meeting with enterprises, comrade Luong Nguyen Minh Triet, Member of the Party Central Committee, Secretary of the Provincial Party Committee and Head of the Provincial National Assembly Deputies’ Delegation, affirmed that the province would continue listening to as well as supporting enterprises. It would focus on improving the investment and business environment, building a service-oriented administration while using satisfaction of people and enterprises as a measure of government effectiveness. Dak Lak remains committed to creating the most favourable conditions for enterprises to invest with confidence, expand operations, alongside pursue long-term development.

Partnering with enterprises

Beyond investment attraction, Dak Lak has proactively supported enterprises throughout the entire project implementation process, from completing legal procedures and site clearance to resolving emerging difficulties.

Well-developed infrastructure being one of the key advantages helping Dak Lak attract investors.

As one of the pioneering foreign-invested enterprises in the provincial eastern region, KCP Vietnam Industries Co., Ltd. of India has developed an integrated sugarcane coupled with sugar production model. The company manages more than 26,700 hectares of raw material areas and supplies 1.93 million tonnes of sugar to the market. It has also contributed more than 1.3 trillion VND to the state budget while actively engaging in social welfare activities across the locality.

According to K.V.S.R. Subbaiah, General Director of KCP Vietnam Industries Co., Ltd., the support along with close cooperation of local authorities have been key factors enabling the company to maintain stable production, expand investment and improve business efficiency.

KCP’s development demonstrates the effectiveness of the province’s policy of accompanying enterprises. Dak Lak is continuing to strengthen its business climate through a “green lane” mechanism for investment procedures, aiming to reduce processing times for key projects by around 50%. Simultaneously, the province is intensifying efforts to remove obstacles related to land, site clearance together with investment procedures. Since the beginning of the year, 1,991 new enterprises have been established across the province, up 34.5% year-on-year.

Efforts in AR and enterprise support are helping strengthen investor confidence as well as creating momentum for Dak Lak to continue attracting high-quality projects, thereby promoting sustainable socio-eco development.

Translated by KHUONG THAO