After the new Lam Dong province was established on the basis of merging administrative boundaries, the Southeast region - towards the sea - continues to be a bright spot in industrial development.
With increasingly complete transport infrastructure and large land funds, this area is attracting special attention from domestic and foreign investors.
Before the merger, the former Binh Thuan province was approved by the Prime Minister for the development plan of 9 Industrial Parks (IPs) with a total area of about 3,000 hectares. The industrial parks are mainly located along National Highway 1A and the coast.
Among these, there is 1 industrial park specializing in titanium processing (Song Binh). The remaining 8 multi-industry industrial parks such as Phan Thiet 1 and 2, Ham Kiem I and II, Tuy Phong, Tan Duc, Son My 1 and 2.
To date, 7 IPs have been invested in infrastructure with a total area of nearly 1,400 hectares, ready to welcome secondary projects.
The industrial parks identified the growth drivers as processing, manufacturing, supporting industries, and agricultural - forestry - fishery processing.
The logistics and trade sectors associated with seaport exploitation are also the focus. Large-scale gas power projects have also had infrastructure prepared to attract investment.
The main traffic infrastructure is a significant plus with the expressways that have been put into operation and Vinh Tan International Port. Later, this area will also have an additional North-South high-speed railway line passing through the area.
Up to now, the industrial parks in the sea direction of Lam Dong province have attracted 93 investment projects with a total capital of more than VND 17,415 billion and USD 328.41 million.
The projects create jobs for about 11,000 workers. In addition, there are 3 large-scale projects that have been approved for investment in Son My 1 Industrial Park. Including Son My I, Son My II BOT Thermal Power Plants and LNG Port warehouses, with a total capital of nearly 5.4 billion USD.
By 2030, the locality aims to complete infrastructure investment for 9 existing industrial parks and develop 6 new industrial parks with a scale of about 4,900 hectares.
Currently, functional sectors and localities are also proposing to add 6 other industrial parks with an area of about 3,440 hectares to the planning until 2050.
In addition, this area is also studying the formation of a coastal economic zone of about 27,000 hectares, prioritizing seaport projects, LNG power and processing industry.
Currently, coastal industrial parks in Lam Dong province still have many land funds, competitive rental prices and abundant labor.
Thanks to these advantages, the area is ready to welcome the wave of project shifts from neighboring industrial zones, promising to become an important industrial growth pole of the province in the future.
