Tay Ninh affirms its position as an investment attraction.

In 2024, Tay Ninh province joined the Top 10 provinces and cities attracting the most foreign direct investment (FDI) in Vietnam with approximately US$455 million. Long An province also achieved significant success in this area, being voted among the Top 10 most attractive localities for large enterprises in 2024 by Vietnam Report magazine. Both localities achieved high growth rates in the first six months of 2025. This is a key strength that, after the merger, will create a vast and potentially lucrative economic development space for both domestic and foreign businesses in the new Tay Ninh province.

The provincial leadership's unwavering support for businesses is a "plus point" in Tay Ninh 's investment attraction strategy.

Positive signs following the provincial merger.

Following the merger, Tay Ninh now boasts a new look and a new position, aiming to become a modern industrial, service, and urban center. Even in July 2025 – the first month after the merger – the province has already recorded positive signs.

Total state budget revenue as of July 31, 2025 reached over 32,300 billion VND, achieving 86.9% of the central government's projected target and 85.8% of the provincial People's Council's projected target. The industrial production index (IIP) in July increased by 11.23%; total retail sales of goods and consumer services increased by 17.96%; and import and export turnover in July reached over 2.5 billion USD.

In July alone, the province granted licenses to 24 new FDI projects with a total investment of US$43.03 million; and 32 new domestic investment projects with a total registered capital of over VND 12,244 billion. Overall, since the beginning of 2025, the province has granted licenses to 237 new FDI and domestic projects.

The attractiveness of the investment environment in Tay Ninh is confirmed by the continuous commencement and inauguration of many large-scale projects. On August 19, 2025, two "billion-dollar" projects were launched: the Phuoc Vinh Tay New Urban Area project in Phuoc Vinh Tay commune, covering nearly 1,100 hectares with an investment of over 80,000 billion VND, invested by Vingroup ; and the Binh Hoa Nam 1 Industrial Park infrastructure construction and business project in Duc Hue commune, covering over 322 hectares with a total investment of 3,900 billion VND, invested by Hoan Cau Long An Co., Ltd.

Previously, the province commenced the Thu Thua Industrial Park infrastructure investment project in Thu Thua commune with a capital of nearly 3,000 billion VND. On July 31, 2025, the Provincial People's Committee issued a decision approving the investment policy, approving the investor, and granting the investment registration certificate for the Xuyen Asia Industrial Park investment project, phase 3, with a scale of over 177 hectares and a total investment capital of over 3,500 billion VND.

Many large projects have chosen Tay Ninh as their destination.

The existing strengths of Tay Ninh and Long An provinces before the merger, as outlined in the economic development strategy, have been maximized, utilized, and promoted in the new context. The synchronized development of infrastructure has helped the newly merged Tay Ninh province become a bright spot in attracting investment, contributing to socio-economic development with a target of 9-9.5% GRDP growth in 2025, striving to reach over 10%.

Implement a comprehensive set of solutions to attract investment.

Joining the FDI business community in Long An province (formerly) since 2016, Mr. Park Seung Soo - Director of Meta Biomed Vina Co., Ltd. (Long Hau Industrial Park, Can Giuoc commune), highly appreciated the attention given to businesses by the provincial leaders and relevant agencies. “This attention is shown in many ways, such as dialogue with businesses, creating favorable conditions for businesses to develop production; and through the Trade Union, visiting and providing financial support to workers in difficult circumstances. After 9 years, we find the investment environment here increasingly favorable, so we are completely confident in connecting with other Korean businesses to invest here,” said Mr. Park Seung Soo.

Clean and modern industries are the priority areas for development in Tay Ninh.

Meta Biomed Vina Co., Ltd. operates in the field of dental material processing, exporting to its headquarters in South Korea for consumption in 80 countries. “The company will expand production and continue to bring new products when conditions permit,” Mr. Park Seung Soo affirmed. The province currently has nearly 1,900 FDI projects with a total capital of over US$24 billion; and nearly 3,100 domestic projects with registered capital of nearly VND 700,000 billion. These positive experiences of businesses will create a "boost" in Tay Ninh province's investment attraction strategy, especially for FDI capital.

A favorable investment environment, making it a preferred destination for many investors, is the result of the continuous efforts of the provincial leadership in resolutely implementing various solutions to improve the Provincial Competitiveness Index (PCI).

Prior to the merger, Long An province consistently held a high position in the national PCI ranking, reaching the top 3 in 2024. Indicators such as the Public Administration Reform Index (PAR Index), the Provincial Green Index (PGI), and the Local Innovation Index (PII) also improved over the years. Meanwhile, Tay Ninh province has shown significant improvement, focusing on administrative procedure reform, investment support, and upgrading the quality of industrial park infrastructure. Therefore, the combination of these two localities is highly anticipated by the business community.

Investment promotion activities in the province continue to be intensified. The province has welcomed and worked with: a delegation of Chinese businesses on urban development research; a joint venture of investors including Becamex IDC, VSIP, and VRG on the implementation of the Moc Bai - Xuyen Asia complex development project; YCH Group from Singapore;…

Investment promotion activities abroad have seen many innovations. From August 5th to August 9th, 2025, Mr. Nguyen Hong Thanh, Member of the Standing Committee of the Provincial Party Committee and Vice Chairman of the Provincial People's Committee, led a delegation to promote investment in Japan. This was the first overseas investment promotion trip in the newly established Tay Ninh province, with the highlight being the "Tokyo - Tay Ninh Investment Connection and Promotion Workshop".

Following this was a series of investment promotion activities in Australia led by the Standing Committee Member of the Provincial Party Committee and Vice Chairman of the Provincial People's Committee, Nguyen Minh Lam. These trips successfully introduced the province's post-merger development orientation and promoted key industrial zones and clusters in Tay Ninh, a province rich in potential and with many development opportunities.

Simultaneously, Tay Ninh actively operates its two-tiered local government system smoothly, implements administrative reforms, actively pursues digital transformation, and creates favorable conditions for citizens and businesses when dealing with government agencies.

"The success of entrepreneurs and businesses is the success of the province" remains the overarching spirit of Tay Ninh in its current strategy to attract investors. Tay Ninh province will focus on improving its Provincial Competitiveness Index (PCI), creating a safe and sustainable business environment for enterprises. The province will continue to target potential markets such as South Korea, Japan, and China, aiming to attract high-value, high-quality projects. Processing and manufacturing industries, supporting industries, electronics, logistics, tourism, and high-tech agriculture are among the priority sectors for investment attraction," emphasized Tran Van Tuoi, Deputy Director of the Department of Finance.

Tay Ninh province currently has 46 industrial parks with a total area of ​​over 14,500 hectares, of which 32 industrial parks are ready for investment, and more than 1,000 hectares of clean land are available for lease. In addition, the province has 22 operational industrial clusters and 28 industrial clusters undergoing investment procedures and infrastructure construction. According to the plan, Tay Ninh will have 59 industrial parks, 82 industrial clusters, 4 international border gates, 3 border economic zones, and 1 international port. These figures show that the province possesses vast development space and abundant clean land. This opens up great opportunities for investors to exploit development potential and collaborate with the Tay Ninh provincial government to create a dynamic growth pole in the South.

Yen Mai

Source: https://baolongan.vn/tay-ninh-khang-dinh-vi-the-thu-hut-dau-tu-a201850.html