Tay Ninh affirms its position in attracting investment

In 2024, Tay Ninh joined the Top 10 provinces and cities attracting the most foreign direct investment (FDI) in Vietnam with about 455 million USD. Long An has also achieved many successes in this field, being voted in the Top 10 localities attracting large enterprises in 2024 by Vietnam Report Magazine. Both localities achieved high growth rates in the first 6 months of 2025. After the merger, the new Tay Ninh obtains a large economic development space with great potential for domestic and foreign enterprises.

Positive signals after the province's merger

After the merger, Tay Ninh is now heading toward the goal of becoming a modern industrial, service and urban center. Right in July 2025 - the first month after the merger, the province recorded positive signals. Total state budget revenue by July 31, 2025 reached over 32,300 billion VND, 86.9% of the estimate assigned by the Central Government, 85.8% of the estimate assigned by the Provincial People's Council. The industrial production index (IIP) in July increased by 11.23%; total retail sales of consumer goods and services increased by 17.96%; import and export turnover in July reached over 2.5 billion USD.

In July alone, the province granted 24 new FDI projects, with a total investment capital of 43.03 million USD; granted 32 new domestic investment projects, with a total registered capital of more than 12,244 billion VND. In total, since the beginning of 2025, the province has received 237 new FDI and domestic projects.

The attractiveness of the investment environment in Tay Ninh is affirmed with many large projects being continuously started and inaugurated. On August 19, 2025, two trillion-dollar projects were started: Phuoc Vinh Tay New Urban Area Project in Phuoc Vinh Tay Commune, nearly 1,100 hectares, with a capital of more than 80,000 billion VND invested by Vingroup; Binh Hoa Nam 1 Industrial Park Infrastructure Investment and Business Project in Duc Hue Commune with a scale of more than 322 hectares, a total investment of 3,900 billion VND, invested by Hoan Cau Long An Company Limited. Previously, the province started 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 approved the investment policy and investment registration certificate for the Xuyen A Industrial Park Investment Project Phase 3, with a scale of more than 177 hectares and a total investment capital of more than 3,500 billion VND.

The existing strengths of Tay Ninh and Long An before the merger in the economic development strategy have been fully exploited, utilized and promoted in the new context, along with the synchronization in infrastructure construction, helping the new Tay Ninh become a bright spot in attracting investment, contributing to promoting socio-economic development with a GRDP growth target of 9-9.5% in 2025, striving to reach over 10%.

Synchronously implementing many investment attraction solutions

Participating with the FDI business community in Long An province (old) since 2016, Mr. Park Seung Soo - Director of Meta Biomed Vina Co., Ltd. (Long Hau Industrial Park, Can Giuoc commune), highly appreciated the support from provincial leaders and functional agencies. “The support is shown in many ways such as dialogue with businesses, creating favorable conditions for businesses to develop production; the trade union visiting and supporting money for workers and laborers in difficult circumstances. After 9 years, we have seen that the investment environment is increasingly favorable, so we are completely confident when connecting other Korean businesses to invest here” - Mr. Park Seung Soo said.

Meta Biomed Vina Co., Ltd. is operating in the field of dental material processing, exporting to the Korean headquarters 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 whole province currently has nearly 1,900 FDI projects, with a total capital of over 24 billion USD; nearly 3,100 domestic projects with a registered capital of nearly 700,000 billion VND. It is the good experiences that will create the attraction to other enterprises, thereby increasing FDI capital flows.

The open investment environment, chosen by many investors as a destination, is the result of the continuous efforts of the provincial leaders when drastically implementing many solutions to improve the Provincial Competitiveness Index (PCI). Before the merger, Long An province continuously held a high position in the national PCI rankings, in 2024 it was in the Top 3 PCI nationwide. The public administrative reform index (PAR Index), Provincial Green Index (PGI), and Local Innovation Index (PII) have also improved over the years. Meanwhile, Tay Ninh province has made strong improvements, focusing on administrative procedure reform, investment support, and improving the quality of industrial park infrastructure. Therefore, the merger of the two localities was highly awaited by the business community.

Investment promotion continues to be promoted. The province has welcomed and worked with the Chinese business delegation on urban project development research; Joint venture of investors Becamex IDC, VSIP and VRG on the implementation of the project Moc Bai - Xuyen A complex; YCH Singapore Group; etc

Investment promotion abroad has many innovations. From August 5, 2025 to August 9, 2025, Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee Nguyen Hong Thanh led the delegation to promote investment in Japan. This is the first overseas promotion trip in the new Tay Ninh province, the highlight being the "Tokyo - Tay Ninh Investment Promotion and Connection Workshop". This is followed by a series of investment promotion activities in Australia led by Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee Nguyen Minh Lam. These trips have been successful in introducing the development orientation after the province's merger, promoting key industrial zones and clusters of a Tay Ninh with rich potential and many development opportunities.

At the same time, Tay Ninh actively operates the 2-level local government smoothly, carries out administrative reforms, actively transforms digitally, and creates all favorable conditions for people and businesses when working with state agencies. "The success of entrepreneurs and enterprises is the success of the province" is still the consistent spirit of Tay Ninh in its strategy to attract investors. Tay Ninh province will focus on improving PCI, creating a safe and sustainable business environment for enterprises. The province continues to target potential markets such as Korea, Japan, China, etc. to attract high-value, high-quality projects. Processing - manufacturing industry, supporting industry, electricity - electronics, logistics, tourism and high-tech agriculture, etc. are the areas that the province prioritizes to call for investment" - Deputy Director of the Department of Finance Tran Van Tuoi emphasized.

Tay Ninh province currently has 46 industrial parks with a total area of ​​over 14,500 hectares, of which 32 industrial parks are qualified to receive investment, more than 1,000 hectares of clean land are ready for lease. In addition, the province also has 22 industrial parks in operation, 28 industrial parks are implementing investment procedures and building technical infrastructure. According to the plan, Tay Ninh will have 59 industrial parks, 82 industrial parks, 4 international border gates, 3 border gate economic zones and 1 international port. These figures show that the province owns a large development space, abundant clean land fund, opening up great opportunities for investors to exploit development potential, join forces with the Tay Ninh provincial government to become a dynamic growth pole in the South./.

By Yen Mai - Translated by Q. Thien