Tay Ninh makes a breakthrough in attracting investment

Open investment environment

Tay Ninh is located in the southern key economic region, with flat terrain, mild climate, and less affected by natural disasters. In particular, the province has a large land fund for development along with a transportation system that is gradually improving in a smart and modern direction, and a relatively complete irrigation system. All of these are favorable conditions for attracting investment in general and the agricultural sector in particular.

According to the Department of Planning and Investment of Tay Ninh province, in recent times, Tay Ninh province has promoted administrative reform, building a transparent, professional, friendly, highly competitive investment environment, and becoming an attractive, safe and effective investment destination for businesses.

Accordingly, the locality has promoted administrative reform in the direction of streamlining, synchronization, openness and transparency, thereby creating an open investment environment. The goal is to become a reliable destination for businesses and investors to implement projects and operate business effectively. In particular, the province attracts investment in fields, industrial projects, tourism, trade - services and agricultural value chain projects; which focuses on calling for investment in developing high-tech agricultural areas and building advantageous crop and livestock industry chains.

The Provincial People's Committee's report on socio-economic development in the first 6 months of 2024 shows that there are many bright spots reflected in the growth of many industries and fields, of which some fields achieved double-digit growth. 

Total product in the province (GRDP - according to 2010 comparative prices) is estimated at nearly 1,178 million USD, up 7.9% over the same period, up compared to the year's plan. Proportion of agriculture - forestry - fishery products; construction industry; Services (excluding product taxes minus product subsidies) in GRDP at current prices are estimated at 17% - 47% - 31.5%.

In the first 6 months of 2024, domestic investment attraction increased by 97.9%, export turnover increased by 12.4%, and total social development investment capital increased by 7.6%. In addition, total State budget revenue reached 57.4% of the estimate, up 14.9% over the same period… These are outstanding highlights in the socio-economic development of Tay Ninh province in the first 6 months of 2024.

“Tay Ninh province commits to continue accompanying businesses, promptly removing difficulties and obstacles. In addition, create the most favorable conditions for businesses and economic sectors to overcome difficulties, develop production and business, making Tay Ninh an attractive destination" Director of the Department of Planning and Investment of Tay Ninh province Kieu Cong Minh emphasized.

Bright colors in the agricultural industry

As a province with a high proportion of the agricultural sector, this industry plays a significant role in achieving the above results. In the first 6 months of 2024, Tay Ninh has attracted 160.4 million USD of foreign investment (FDI). In particular, the joint venture cooperation between two leading agricultural corporations in Vietnam and the Netherlands, Hung Nhon Group and De Heus Group, has poured capital of 100 million USD into the DHN high-tech application livestock area project. The project officially started construction on May 19 in Tay Ninh. It is known that this is a chain of agricultural complexes that apply 100% high technology according to international standards.

Regarding the reason why De Heus Group chose Tay Ninh as a key investment locality, Mr. Gabor Fluit, Global General Director of De Heus, assessed that Tay Ninh has many potentials and strengths in attracting FDI capital, especially in the field of high-tech agricultural applications.

Facing the attraction of the agricultural industry, recently, a delegation from the Singapore Food Authority (SFA) came to explore the investment environment in the livestock sector in Tay Ninh province. Mr. Nguyen Dinh Xuan - Director of Tay Ninh Department of Agriculture and Rural Development said that currently, the livestock situation in the province is developing stably, with a total poultry herd of 9,900,000 heads. Total poultry meat output is estimated to reach 62,460 tons/year; Egg output reaches 900 million eggs/year.

The entire province currently has two districts, Duong Minh Chau and Tan Chau, certified as disease-free zones for avian flu and Newcastle disease in chickens; 6 communes in Go Dau district are certified as disease-free facilities for avian influenza and Newcastle disease in chickens. In addition, there are 49 chicken raising facilities that have been granted disease safety certificates.

It is expected that by December 2024, Tay Ninh will have 2 district-level disease-free zones (Tan Bien and Go Dau) for avian influenza and Newcastle disease in chickens. "This is the basis for Tay Ninh to become an ideal destination for livestock enterprises in general and agriculture in particular looking for new investment opportunities in Tay Ninh", Mr. Nguyen Dinh Xuan shared.

Dr. Abdul Jalil Abdul Kader - Deputy Director General of the Singapore Food Authority highly appreciated the work of disease prevention in farmed animals, especially avian flu in Tay Ninh province. In addition, he hopes to promote trade cooperation and connect businesses in the field of export and import of livestock products such as eggs, meat... after this business trip.

Overcome challenges, break through, accelerate

According to the People's Committee of Tay Ninh province, 2024 is determined to be a year of acceleration and breakthrough, with particularly important significance in implementing the 5-year socio-economic development plan 2021-2025.

To accomplish the above goals, the province focuses on key tasks and solutions, such as strengthening reform, reduction, and simplification of administrative procedures and business regulations associated with promoting decentralization, empowering localities, inspection and supervision; improve the business environment by reducing the number of procedures, time, costs and risks for businesses and investors; promote reform of land registration and innovation of land administrative management...

Recently, the Prime Minister approved the Tay Ninh Provincial Planning for the period 2021 - 2030, with a vision to 2050. The goal is that by 2030, Tay Ninh will become a dynamic and civilized province with a good living environment and good adaptation to climate change; by 2050, it will become a province with a developed economy based on clean industry and high-tech agriculture.

Mr. Nguyen Thanh Ngoc, Chairman of Tay Ninh Provincial People's Committee, said that the planning has opened up new directions, vision and development space, creating new motivation and value for Tay Ninh. “Tay Ninh province commits to continue accompanying businesses, promptly removing difficulties and obstacles. In addition, create the most favorable conditions for businesses and economic sectors to overcome difficulties, develop production and business, making Tay Ninh an attractive destination", Mr. Nguyen Thanh Ngoc emphasized.

Speaking at the Conference to announce the Planning of Tay Ninh province for the period 2021 - 2030, with a vision to 2050, Prime Minister Pham Minh Chinh said, "Tay Ninh meets all 3 favorable factors 'weather, terrain, and people'' with many different potentials, outstanding opportunities, and competitive advantages.” For investors, the Prime Minister hopes for a 'three-way' spirit between the state, people and businesses. Specifically, listen and understand together; share vision and action; working together, winning together, enjoying together and developing together on the principle of harmonious benefits and shared risks, contributing to strengthening trust, creating a new atmosphere and new driving force for the province's development.