Provincial Party Committee member, Vice Chairman of the Provincial People's Committee Huynh Van Son (left cover, front row) attended the Vietnam - China Tourism and Investment Promotion Forum in Beijing (China) on September 21, 2025 (Photo: THANH PHONG)
Safe and attractive investment destination
In recent times, in order to effectively exploit potentials and increase the attraction of FDI capital, Tay Ninh has focused on implementing many synchronous, practical solutions with initial results. Thanks to FDI capital, the province has formed many key industries, creating jobs for tens of thousands of local workers, contributing greatly to export turnover and the provincial budget. FDI also contributes significantly to the process of economic restructuring, from agriculture to industry - services, making Tay Ninh gradually become a dynamic locality, deeply integrated into the global value chain.
According to the Head of the Tay Ninh Economic Zone Management Board, Truong Thanh Liem: “Determining FDI attraction as an important driving force to promote local industrialization and modernization, along with expanding industrial park land funds, in recent times, the province has always focused on developing human resources, reforming administrative procedures, and accompanying enterprises throughout the investment and production process. Thanks to that, investors' confidence has been increasingly strengthened, clearly demonstrated through the registered capital and continuous capital increases in recent times.”
Regarding investment in the province since 2016, Sunghwa Vina Co., Ltd. is a 100% Korean-owned enterprise, with a total registered capital of about 15 million USD. The company specializes in manufacturing and exporting socks globally, with main partners including famous global brands such as: H&M, GAP, AEO, Goldbug and Walmart,... Each month, the company produces more than 9 million pairs of socks, creating jobs for about 900 workers.
According to Kim Sunsook, General Director of Sunghwa Vina Co., Ltd., with a stable economic growth and abundant young human resources, Vietnam in general and Tay Ninh province in particular is an extremely ideal investment environment. Moreover, preferential tax policies and administrative support from local authorities give strength to foreign-invested enterprises such as Sunghwa Vina. The company will strive to develop together with the local community, contributing to job creation and promoting economic development of the province. In the coming time, the company hopes to receive cooperation in solving problems related to human resource recruitment, stabilizing power sources and improving customs procedures.
Not only the number of new projects is increasing rapidly, the trend of operating enterprises deciding to expand production scale and increase investment capital also shows the long-term commitment of investors to Tay Ninh province. Airspeed Manufacturing Vietnam Co., Ltd. - an American FDI enterprise in the field of electronics and mechanical manufacturing, is also preparing to strongly expand its production scale in Vietnam.
Currently, the company has 2 factories in Kizuna Industrial Park and Long Hau Industrial Park with a scale of nearly 900 people, a total area of nearly 14,000m2 , and is implementing the construction of a 3rd factory in Kizuna Industrial Park with a scale of 15,000m2 and will create new jobs for nearly 1,000 local workers, expected to be completed and put into operation in December 2025.
Deputy General Director of Airspeed Manufacturing Vietnam Co., Ltd. Bui Duc Tho said: “We highly appreciate the investment environment in Vietnam in general and Tay Ninh in particular, especially in terms of transparency, stability and timely support mechanisms and policies for businesses. The decision to expand the third factory is a testament to our long-term commitment. We believe that, with the support of local authorities, the company's production activities will develop sustainably, contributing positively to the global supply chain.”
Synchronize solution groups
Workers at Airspeed Manufacturing Vietnam Co., Ltd.
Tay Ninh not only aims to attract many FDI projects but also focuses on quality, prioritizing environmentally friendly, high-tech and high-value-added projects. The province continues to call for investment in the fields of logistics, border trade, clean energy and eco-tourism. The province also focuses on consolidating established foundations in parallel with implementing new, synchronous solutions to create a growth breakthrough, especially in attracting investment capital and perfecting a friendly, safe investment ecosystem, in line with the trend of global integration and the strong transformation of the Industrial Revolution 4.0.
According to Deputy Director of the Department of Finance Tran Van Tuoi, in order to continue to affirm itself as an attractive, safe and effective investment destination, especially attracting FDI investors, the province will focus on synchronizing key and strategic solutions. In particular, the province will effectively operate the 2-level local government model; promote administrative reform in a substantive direction, taking the satisfaction of the business community as an important criterion for evaluation. Processes and procedures continue to be streamlined, the time for processing documents is shortened, creating a more favorable and transparent investment environment for investors.
The province focuses on promoting its potential, advantages and investment environment by implementing communication strategies on both traditional channels and digital platforms, and organizing conferences and seminars to promote investment in markets that are considered promising.
In addition, the province will proactively strengthen dialogue channels, meet and work periodically with the business community to promptly listen to and grasp arising difficulties and problems and give timely instructions to immediately remove bottlenecks in production and business activities; develop a synchronous infrastructure system, in which priority is given to promoting inter-regional transport projects, completing industrial park infrastructure and building a modern logistics network.
In addition, the province continues to strengthen international cooperation and investment promotion activities at home and abroad, effectively taking advantage of opportunities from free trade agreements (FTAs) to attract high-quality FDI capital flows. Functional sectors will promote connectivity, expand markets and support local enterprises to participate more deeply in investment and trade promotion programs, thereby creating more opportunities for cooperation with domestic and foreign partners;...
“Tay Ninh is shaping its investment promotion strategy in a breakthrough and creative direction, taking the consensus and determination of the entire political system and the accompaniment of businesses and people as the foundation. With that orientation, the province aims to become a reliable investment destination, both ensuring sustainable development and opening the door to deep integration into the regional and world economy. In particular, Tay Ninh is taking steady steps on the path to becoming the leading FDI investment destination in the region,” Mr. Tran Van Tuoi emphasized./.
| To date, Tay Ninh has attracted over 1,900 FDI projects with a total capital of over 24.3 billion USD, mainly concentrated in areas with developed infrastructure, stable human resources, strongly reformed administrative procedures and the government closely accompanying businesses. The main investors come from China, Singapore, Korea, Japan,... with many large-scale projects in the fields of high technology, renewable energy, processing industry, consumer goods production - industries that bring high added value and promote the industrialization and modernization process. |
Thanh My - Que Quyen
Source: https://baolongan.vn/diem-sang-thu-hut-dau-tu-fdi-a203971.html
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