Vietnam’s Largest Province Welcomes New Investments: Sun Group, Vingroup, and More to Launch 3 Mega Projects Worth $1.9 Billion

Lâm Đồng Province has officially approved investment plans for five major large-scale projects, including three focused on urban development and tourism.

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A scenic view of Lam Dong Province.

According to Lam Dong Newspaper, on January 29th, the Provincial Party Committee of Lam Dong unanimously approved the investment in five major and significant projects.

Among these, the standout is the investment project for Zones IV and V of the new Ham Tien – Mui Ne Commercial and Service Urban Area. These two zones have a combined capital of over 32 trillion VND, spanning approximately 350 hectares, catering to the living and business needs of around 28,000 people.

Additionally, there is the Bung Thi Hot Spring Tourism Area project (Tan Thanh Commune) with a total investment of over 22 trillion VND, aimed at developing an international-standard tourism, entertainment, eco-resort, and mineral hot spring complex. Detailed planning indicates this tourism area will serve approximately 25,000 people.

These projects are considered pivotal in forming growth poles, unlocking potential, and creating new development momentum for sectors where Lam Dong holds a competitive advantage.

The provincial leadership has directed the preparation of investment procedures, land clearance, and legal formalities to ensure the most favorable conditions for the projects to commence promptly and effectively, in compliance with regulations.

Following its consolidation, Lam Dong has become the largest province in the country by area and is witnessing a vibrant investment wave, particularly in real estate.

Notably, in October 2025, the People’s Committee of Lam Dong Province organized an Investment Promotion Conference. During the event, the province granted Investment Registration Certificates and Investment Approval Decisions to nine projects with a total investment capital of nearly 35 trillion VND across various sectors. Additionally, Memorandums of Understanding (MoUs) for investment cooperation were signed with 12 enterprises to explore potential investment opportunities in the region.

Among the recipients of investment certificates and signatories of agreements were major corporations such as Sun Group, Vingroup, Thanh Thanh Cong Group (TTC Group), Novaland, and Hoa Sen Group.

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