Concerted efforts to improve the business and investment climate, coupled with major investment promotion events, have secured approval for a series of key projects, generating fresh momentum for the local economy.

Since the beginning of 2026, the provincial investment promotion and attraction efforts have remained closely aligned with its socio-eco development orientations alongside provincial planning. Sustained administrative reforms, particularly the “green channel” mechanism, which cuts administrative processing times by 50 - 60%, have enhanced the provincial appeal and strengthened business confidence.

Dak Lak continuing to strengthen its role as a regional clean energy hub. In the photo: The 500kV substation under the Xuan Thien Ea Sup solar power complex project.

As a result, 52 projects have received investment policy approval, been assigned investors or obtained investment registration certificates in the province since the start of the year, with total registered investment capital estimated at 70.605 trillion VND. In October alone, four projects were approved, with combined investment capital of approximately 28.211 VND trillion.

Recent investment activity has featured major projects driving development in infrastructure, industry, energy combined with urban areas. Notable renewable energy projects include the Thuan Phong Dak Lak Wind Power Plant, with investment capital of 3.843 trillion VND, developed by Thai Binh Duong Group JSC; the NT1 and NT2 wind power plant project, worth 2.825 trillion VND; along with the Krong Nang 1.1 and 1.2 wind power plant project, valued at 2.578 trillion VND. The 500kV Krong Buk substation alongside its connecting lines, developed by the National Power Transmission Corporation with investment capital of 2.150 trillion VND, will further consolidate the region’s role as a clean energy hub.

Industrial infrastructure development has also gained momentum, with the Hoa Xuan Tay Industrial Park infrastructure construction and business project, invested in by Transport Engineering Construction Corporation No. 5 - JSC, with total investment capital of 3.807 trillion VND, along with Hoa Xuan Dong Industrial Park, developed by Capella Quang Nam JSC, with investment capital of 3.630 trillion VND.

As 2026 draws to a close and the province looks towards 2030, Dak Lak remains committed to achieving double-digit economic growth. It aims to become a dynamic locality alongside a hub for green and circular economic development, as well as a regional service centre covering logistics, healthcare, education and tourism across the South Central Coast and Central Highlands.

Dak Lak attracting numerous urban and housing development projects in 2026. In the photo: A newly developed urban area in Tan An ward.

To realise these ambitions, the province will continue implementing a coordinated package of key measures. Investment promotion approaches will be renewed and closely linked to the selectively targeted investment project portfolio for 2026 - 2030, with priority given to projects employing advanced, environmentally friendly technologies while generating high added value. Simultaneously, the province will accelerate digital transformation and AI adoption by developing digital databases covering the investment environment, available land together with investment project portfolios. These resources are expected to improve transparency and make relevant information more accessible to prospective investors.

Comrade Luong Nguyen Minh Triet, member of the Party Central Committee, Secretary of the Provincial Party Committee and head of the provincial delegation to the National Assembly, said departments, agencies combined with local authorities should work closely with investors to provide support, guidance and coordination, enabling projects that have received investment policy approval or been covered by memoranda of understanding to move swiftly into implementation. He stressed the need to translate these commitments into tangible projects and concrete outputs that actively contribute to the provincial socio-eco development as well as help achieve its double-digit growth target.

Translated by HAI LOAN