On September 30th, the Branch of the Land Fund Development Center No. 1 and the People’s Committee of Son My Commune (Lam Dong) organized the payment of compensation and support to households who handed over land for the Son My 1 Industrial Zone project in Son My Commune (Lam Dong), according to Lam Dong Newspaper.
The payment schedule is expected to take place over 2 days (September 30th – October 1st). The units organized the payment of compensation and support to 44 households who handed over land for the Son My 1 Industrial Zone project, with a total payment amount of nearly 64 billion VND for a total land area of over 33 hectares.
Residents complete procedures to receive compensation for land clearance for the Son My 1 Industrial Zone project. (Photo: Lam Dong Newspaper)
The Son My 1 Industrial Zone was approved for investment by the Prime Minister in 2017, with a total registered capital of 2,300 billion VND and an area of 1,070 hectares. Phase 1 of the project is expected to be implemented on an area of over 615 hectares, and Phase 2 on nearly 455 hectares. Specifically, 375 hectares are prioritized for investment in construction. To date, 87 hectares have been completed.
The remaining obstacle is an area of over 288 hectares involving 78 households and 7 organizations. So far, compensation plans have been approved for 65 households with 45 hectares, with a budget of over 81 billion VND.
Regarding the Infrastructure Project for the Son My Resettlement Area (Phase 1), it has been approved on an area of 1.44 hectares and is expected to allocate 76 resettlement lots for affected households. Local authorities have approved compensation, support, and resettlement plans for 7 affected households.
To date, the Son My 1 Industrial Zone has attracted 3 large-scale investment projects. Specifically, these 3 projects cover an area of 156 hectares with a registered investment capital of 5.4 billion USD, including: Son My LNG Port with a total investment of 31,434 billion VND (equivalent to 1.3 billion USD); Son My I BOT Thermal Power Plant with a total investment of 47,464 billion VND (equivalent to 1.98 billion USD); and Son My II Thermal Power Plant with a total investment of 50,433 billion VND (equivalent to 2.1 billion USD).
Also on September 30th, at the 2025 Investment Promotion Conference, the provincial leadership granted investment approval to 9 enterprises with a total investment capital of over 33,000 billion VND and an area of more than 2,300 hectares. The approved projects span various sectors including tourism, agriculture, and real estate.
In the real estate sector, notable projects include the New Ham Tien – Mui Ne Urban and Commercial Service Area (Zone III) with a total investment of over 12,000 billion VND by the Sun Investment and Development Company Limited; the Ocean Valley Tourism Complex project with a total investment of 6,400 billion VND by Delta-Valley Binh Thuan Company Limited; and the Eco Grand Land Rural Model Residential Area project with a total investment of 1,284 billion VND.
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