In agriculture, Lam Dong Province has 327,000 hectares of coffee plantations, with output of about 1.5 million tonnes. In 2025, the province's agricultural growth rate reached 4.96 per cent, while growth in the first six months was about 5.48 per cent. The figures were shared by Le Trong Yen, standing vice-chairman of the Lam Dong Province People's Committee, at the groundbreaking ceremony for the Phuc Sinh Dak Nong export agricultural production and processing centre on the morning of July 21.
The Lam Dong Province leadership stressed that there was still considerable room for growth, as more than 90 per cent of coffee products were still exported in raw form. However, the province's challenge was the absence of a major lead enterprise.
"While the country's coffee export turnover is about USD 9 billion, Lam Dong contributes around USD 4.5 billion. Yet direct exports from the province in 2025 are only about USD 630 million," Le Trong Yen said. He added that most exports still had to go through companies in neighbouring provinces such as Dak Lak, Dong Nai and Ho Chi Minh City. The decision by Phuc Sinh Group to develop an agricultural production and processing project there was therefore welcome news for local farmers.
Officials at the groundbreaking ceremony for the largest export agricultural processing centre in the Central Highlands, with total investment of VND 500 billion (about USD 19.1 million) (Photo: Organising committee).
Lam Dong Province officials said they hoped the project, once operational, would create more jobs, expand outlets for local farm produce, accelerate technology transfer and help build a modern agricultural processing ecosystem in the Central Highlands.
Phuc Sinh is an export-focused agricultural producer and processor, with nearly 100 per cent of its output shipped overseas.
The Lam Dong factory is the seventh in the group's network and a key link in its raw material area development strategy. It is intended to become a large-scale modern agricultural processing hub for the Central Highlands.
Under the plan, the centre is due to be completed in the first quarter of 2027 and aims to generate revenue of more than VND 1 trillion (about USD 38.8 million) in 2027-2028. The project is also backed by the Dutch entrepreneurial development bank FMO. Before the launch ceremony, Phuc Sinh and FMO signed a financing agreement worth USD 15 million. The funding will be invested in the newly launched centre. Total investment in the project is VND 500 billion (about USD 19.1 million).
Speaking about Vietnam's agricultural sector, the group's leadership said it hoped to see more export agricultural production and processing centres established, creating more jobs for local people while bringing modern production thinking, modern management and international standards.