Lam Dong Province targets 10% annual growth after record tourism and investment
Lam Dong Province has set ambitious economic targets after a year of steady growth. In 2025, the region expanded by 6.42 per cent and attracted millions of tourists. Now, officials are aiming for even faster development by tapping into its rich natural and industrial resources.
The newly merged province, home to 3.87 million people, covers 24,233 square kilometres and boasts a long coastline, mineral wealth, and thriving agriculture.
Lam Dong was formed by combining Binh Thuan and Dak Nong provinces. Its economy relies on mining, farming, and tourism, with a 192-kilometre shoreline and vast fishing grounds. The area also shares an international border gate with Cambodia.
In 2025, the province drew over 20 million visitors, earning VND56 trillion ($2.14 billion) from tourism alone. It also approved 48 investment projects worth VND19.3 trillion ($737.5 million). Known as Vietnam's top silk producer, the region now plans to boost bauxite and titanium mining, renewable energy, and high-tech farming.
Looking ahead, Lam Dong has set a goal of 10-10.5 per cent annual growth between 2026 and 2030. This push builds on its existing strengths in minerals, forests, and coastal industries.
The province's growth strategy focuses on key sectors like mining, clean energy, and advanced agriculture. With strong tourism numbers and rising investment, officials expect these efforts to drive sustained expansion. The plan also aligns with broader infrastructure upgrades, including Vietnam's push to expand international airports by 2050.
