To create more favourable conditions for investors, the PPC has recently issued a series of key decisions aimed at translating its commitments made to the business community into concrete action.

Director of the Department of Finance, comrade Cao Dinh Huy introducing investors to investment locations in the South Phu Yen Economic Zone.

The 2026 Provincial Planning Announcement and Investment Promotion Conference attracted strong interest from investors. Immediately following the event, the province moved to address bottlenecks in administrative procedures (APs). A key feature of the newly introduced "green lane" mechanism is its comprehensive review of the entire investment preparation process rather than assessing individual APs in isolation. Several major procedures have been proposed for processing time reductions of 40 - 50%.

According to comrade Nguyen Hoang Phuc, Deputy Director of the Department of Finance, this represents one of the most significant reductions ever applied to investment preparation procedures in the province. The shorter processing times will remain fully compliant with legal requirements while improving administrative service quality and reducing compliance costs for enterprises.

Accompanying enterprises throughout the investment process

For enterprises, the greatest value of the "green lane" mechanism lies not merely in shortening individual procedures, but in accelerating the entire investment preparation journey. This is precisely what the business community has long expected when selecting investment destinations.

According to Ms. Le Thi My Hanh, Director of Banana Brothers Farm JSC, inconsistencies in land regulations along with frequently changing policies continue to hinder deep-processing projects, making it difficult for enterprises to formulate investment strategies as well as strengthen competitiveness. Simultaneously, the absence of concentrated raw material areas with stable planning coupled with traceable planting-area codes has increased procurement and logistics costs, posing further challenges to developing sustainable value chains.

An FDI enterprise operating in Hoa Hiep Industrial Park.

Concurrently, Mr. Pham Dong Thanh, Chairman of the provincial Business Association, said enterprises expect not only faster APs but also consistent support from state authorities throughout project implementation. Dak Lak's proactive alongside comprehensive administrative reforms demonstrate the provincial determination to translate commitments into tangible action, further strengthening investor confidence.

The successive issuance of decisions introducing the "green lane" mechanism together with reducing administrative processing times demonstrates that Dak Lak is building investor confidence through concrete action. PPC Vice Chairman, comrade Truong Cong Thai, affirmed that shorter processing times would not be achieved by simplifying procedures or lowering regulatory standards. Instead, they will result from comprehensive process reviews, eliminating unnecessary intermediate steps, expanding electronic document processing, alongside strengthening coordination among relevant agencies. He affirmed that Dak Lak would continue accompanying enterprises, viewing their success the provincial own success.

Translated by KHUONG THAO