From agricultural processing and the development of raw material growing areas to high-tech manufacturing for export markets, foreign direct investment (FDI) enterprises are making diverse contributions to Dak Lak’s economy.

The operations of FDI enterprise in the province show that their contributions go beyond investment capital to encompass production, market expansion, job creation and stronger economic linkages.

KCP Vietnam Industrial Co., Ltd. is one of the FDI enterprises with long-standing presence in the province. The company has established links between its processing plant coupled with sugarcane growers, helping secure markets for agricultural produce and sustain farming activities.

Sugar production at KCP Vietnam Industrial Co., Ltd.

Mr. K.V.S.R. Subbaiah, General Director of KCP Vietnam Industrial Co., Ltd., said support from local authorities since the company’s establishment had helped it stabilise operations and gradually expand production. During the 2025 - 2026 crop year, KCP signed direct sugarcane procurement contracts with 13,660 households covering 30,458 hectares. Total investment in raw material growing areas reached 4.174 trillion VND, while payments to growers for purchased sugarcane totalled 18.803 trillion VND.

In eyeglass-frame manufacturing for overseas markets, Concept Eyewear Manufacture Vietnam Co., Ltd., based in Hoa Hiep Industrial Park, is among the enterprises at the forefront of adopting new technologies. According to Mr. Leon Xu, Production Director of the company, the enterprise has introduced robotic technology into its production lines. This investment aims to modernise processes and improve labour productivity, while contributing to digital and green transformation in manufacturing. These efforts have helped improve the company’s operational efficiency as well as increase its contributions to the local budget.

Improving the quality of FDI inflows

In the first nine months of 2026, total investment capital in Dak Lak was estimated at 45.804 trillion VND, up 7.91% year on year, including 448 billion VND of FDI. To date, the province has 60 foreign-invested projects with total registered capital exceeding 2.2 billion USD.

Alongside promoting investment and attracting new projects, maintaining stable operations while improving the performance among existing projects remain important priorities.

In recent years, the province has continued to strengthen engagement with foreign partners, promote a portfolio of priority projects and encourage investment in sectors with strong potential. Areas receiving particular attention include deep processing, metallurgy, oil refining combined with petrochemicals, the marine economy, seaports, logistics and tourism.

Concept Eyewear Manufacture Vietnam Co., Ltd. incorporating robots into its production process.

Alongside investment promotion, the province continues to improve the investment environment by ensuring transparency and consistency in administrative procedures, upgrading transport infrastructure, industrial parks along with business support services. Coordination among regulatory agencies in handling investment, tax, customs and labour procedures also supports the production, import-export activities of FDI enterprises.

According to PPC Vice Chairman, comrade Dao My, Dak Lak regards FDI enterprises as an important component of the economy. In the coming period, the province will continue to renew investment promotion activities, prioritising FDI projects that use advanced, environmentally friendly technologies as well as align with local planning and competitive advantages.

Alongside efforts to attract new investors, the province will focus on helping existing FDI enterprises resolve difficulties, accelerate project implementation and expand production together with business operations. It will also encourage the adoption of modern technologies, efficient resource use and stronger linkages with domestic enterprises, production facilities alongside local raw material growing areas. These efforts will enhance the  FDI effectiveness, create more jobs, increase production value and budget contributions, as well as promote sustainable economic growth.

Translated by KHUONG THAO