Facing below-expected economic growth in the H1 of 2026 coupled with an ambitious full-year growth target, Dak Lak province is rolling out decisive measures to accelerate economic performance.

Provincial leaders presenting investment memoranda of understanding to enterprises at the Dak Lak Provincial Planning Announcement and Investment Promotion Conference.

The provincial gross regional domestic product (GRDP) reached 79.5 trillion VND in H1, up 7.84% year-on-year. Although growth momentum was maintained, the outcome achieved only 98.77% of the planned growth scenario, leaving the economy approximately 991 billion VND below target.

Economic performance varied significantly across sectors. Agriculture, forestry and fisheries, together with product taxes, continued to act as the principal growth driver, generating 20.024 trillion VND, exceeding the scenario by 0.34%. By contrast, industry, construction and services underperformed. Industry alongside construction generated 18.473 trillion VND, equivalent to 97.28% of the scenario, representing a shortfall of 517 billion VND, while services recorded 37.197 trillion VND, reaching 98.4% of the scenario, approximately 605 billion VND below target.

The shortfall was mainly attributed to the provincial economic structure, which remains heavily dependent on agriculture, the lingering impacts of the historic floods in November 2025, the slow public investment disbursement, alongside unstable budget revenues. In addition, bottlenecks in site clearance, construction material prices, investment preparation coupled with the responsibilities of certain agencies continued hampering implementation of public investment projects.

Dak Lak has set a full-year growth target of 10.02%, requiring growth of 11.65% in H2 of the year, equivalent to generating an additional 109.74 trillion VND. To achieve this, the province will prioritise breakthrough measures to remove bottlenecks, particularly those related to public investment, while mobilising additional resources to reinforce stronger momentum for growth.

Agriculture, forestry and fisheries are expected to fulfil the provincial full-year growth scenario. In the photo: Rice harvesting in Ea Kly commune.

According to comrade Do Huu Huy, Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee and PPC Chairman, the province is committed to fully disbursing 100% of planned public investment capital, comprehensively resolving bottlenecks related to site clearance, land procedures alongside construction materials, while accelerating the settlement of long-delayed projects. Simultaneously, it will maximise private investment resources and further stimulate industrial development.

The province has also pledged to operate its "green lane" mechanism effectively to reduce administrative procedures by 50%, particularly for major energy projects, processing industries, logistics combined with large-scale industrial infrastructure. It will establish a dedicated monitoring and support mechanism for every project that has received an investment policy approval, an investment registration certificate or a memorandum of understanding during the 2026 Provincial Planning Announcement and Investment Promotion Conference.

To fulfil its growth scenario, Dak Lak has proposed that the Government submit to the Politburo a proposal to develop mechanisms for resolving issues related to land management coupled with land use at state agricultural and forestry enterprises province-wide as well as the Central Highlands. The province has also requested that the Prime Minister direct the Ministry of Industry and Trade to consider allocating additional capacity under the revised National Power Development Plan VIII in order to better capitalise on the provincial advantages and support sustainable economic growth. Moreover, it has proposed allocating approximately 16.75 trillion VND in medium-term public investment capital for the 2026 - 2030 period to upgrade National Roads 29, 25, 19C, 26 and 27.

Translated by KHUONG THAO