Lâm Đồng Removes Investment Obstacles for 206 Projects
At a November 11 press briefing, Lâm Đồng’s Department of Finance said obstacles had been resolved for 206 of the province’s 365 affected projects, unlocking more than VND 93.4 trillion in investment. Fifty projects are operating, 37 have resumed construction, and 159 remain under review.
At a November 11 press briefing, Lâm Đồng’s Department of Finance said 365 projects in the province faced difficulties and obstacles requiring resolution. Their total investment amounts to VND 268.2 trillion, and they cover more than 24,600 hectares of land. Obstacles have now been resolved for 206 projects, more than 56% of the total, involving over VND 93.4 trillion in investment. The projects are spread across multiple areas and span urban development, tourism, energy, mineral extraction, agriculture and industry.
Of the projects whose obstacles have been resolved, 50 are operating, with total investment of more than VND 36.4 trillion and a land area of 2,111 hectares; 37 have resumed construction, representing nearly VND 6.8 trillion in investment. Local authorities have also guided 61 projects through investment, land and mineral procedures, involving more than VND 38.9 trillion in investment.
Some large resort and golf projects in the Mũi Né area are also showing signs of progress. The Resort & Hotel Lamuine 1 project addressed its overlap with mineral planning through a phased investment plan, allowing the investor to proceed first on eligible land. Related construction began in April. The Hòn Rơm golf course project, covering nearly 197 hectares, has received approval in principle to continue, and the company is preparing documents for adjustments.
A tourism project in the Mũi Né area of Lâm Đồng province.（VietVance）
Lâm Đồng still has 159 projects under review or undergoing obstacle resolution, involving more than VND 174.81 trillion in investment and about 14,351 hectares of land. Of these, 16 fall under the authority of central agencies and 143 under local authorities. A project involving land reclamation, residential relocation and urban improvements requires consultation with central authorities because it includes a 350-meter sea embankment and land overlapping with defense planning. The province is developing a resolution plan and timeline for each project and has called on relevant agencies to speed up procedures.
Source: VietVance
