Tay Ninh arouses development potential

As a locality in the southern key economic region, Tay Ninh has a favourable location and development advantages in industry, agriculture, tourism and services.
Sugarcane farm of an investment group in Tay Ninh.
Sugarcane farm of an investment group in Tay Ninh.

With the tradition of resilient revolution, the Party Committee and people of Tay Ninh are striving to awaken all development potentials, determined to successfully implement the goal of the Resolution of the 11th Provincial Party Congress set out by 2030, to become a developed locality of the Southeast region and the whole country.

Actively connecting inter-regions to develop transport infrastructure, promoting the development of industrial zones, actively reforming administration, improving the investment environment to attract business people and inviting businesses to return to the locality, are some of the ways that Tay Ninh Province is making efforts to awaken the potential of socio-economic development. In 2022, Tay Ninh ranked 15th out of 63 provinces and cities, in terms of attracting foreign investment.

Nguyen Thanh Ngoc, Deputy Secretary of the Provincial Party Committee and Chairman of the People's Committee of Tay Ninh Province said: In the first six months of 2023, the province's total capital of domestic and foreign investment estimated at 9,252 billion VND and more than 515 million dollars; in which foreign investment attraction increased by 130% over the same period. Industrial zones (IZs) of the province such as Phuoc Dong Industrial Park, Cha La Industrial Park, Ben Cui Industrial Park, and Hiep Thanh Industrial Park, have many new investment enterprises, as well as additional capital.

According to the Director of the Department of Industry and Trade Le Anh Tuan, “Businesses connection forum to invest and develop a high-tech agricultural ecosystem in Tây Ninh province in 2023", held in Tay Ninh province in June, attracted the attention of many investors in the agricultural sector.

At the forum, the Director of De Heus Asia was elected Chairman of the European Chamber of Commerce (EuroCham) in Vietnam Gabor Fluit and provincial leaders identified four strategic breakthroughs in which the development of high-tech agriculture along the value chain is one of the important breakthroughs, that contribute to accelerating the process of restructuring the agricultural and rural economy towards multi-value integration, inclusiveness and sustainable development and therefore, Tay Ninh farmers can earn good incomes from agriculture.

On the occasion, Tay Ninh Provincial People's Committee signed memorandums of cooperation with four units: BAF Vietnam Agriculture Joint Stock Company; Vietnam Dairy Products Joint Stock Company (Vinamilk); Hung Nhon Group Joint Stock Company-De Heus Company Limited; Vietnam Digital Agriculture Association (VIDA). These are the premise for businesses to promote investment and create opportunities to expand cooperation in Tay Ninh.

In addition, the province also focuses on implementing measures to remove difficulties and obstacles, effectively supporting businesses, investors and investment projects in the area.

Through local activities, many businesses and corporations have seen more opportunities and come to invest in Tay Ninh. For example, De Heus Group (the Netherlands) has set a goal by 2030, to reach a capacity of 58 million breeder chickens and 25 million broiler chickens in Tay Ninh.

In the opinion of many investors, Tay Ninh has an open investment environment. In addition, Tay Ninh is also a potential agricultural land, if it is exploited, it will bring many results.

General Director of Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op) Nguyen Anh Duc shared: From the initiative and goodwill of the province, from 2011 until now, Saigon Co.op has been interested in researching and investing in nine supermarkets in Tay Ninh (the highest in the country). By the end of 2022, the total sales of Co.opmart here have exceeded 1,000 billion VND. The sales of Co.opmart supermarkets in Tay Ninh contribute 30% of the total sales of supermarkets in the Southeast region. Besides, Saigon Co.op also created jobs for 1,000 local workers with an income of 20 million VND per person each month.

Thanks to the efforts of branches, localities and the people, Tay Ninh Province overcame difficulties after the COVID-19 pandemic, achieving remarkable results in socio-economic development.

According to statistics from the Tay Ninh Provincial People's Committee, in the first six months of 2023, economic growth reached 4.07%, ranking second in the Southeast. Regarding development investment, the total estimated capital is more than 18,000 billion VND, reaching more than 42% of the plan, up 9% over the same period. Regarding public investment, the province continues to accelerate the implementation and disbursement of the assigned capital.

Tay Ninh is implementing stronger and more comprehensive regional links, creating a driving force for rapid and sustainable socio-economic development of the locality, especially after Resolution No. 24-NQ/TW of the Politburo on socio-economic development, ensuring national defence and security in the Southeast region to 2030, with a vision to 2045.

To promote the achieved results and create momentum to successfully implement the tasks of the year and the whole term, the Tay Ninh Provincial Party Committee directed the branches and localities in the province to proactively grasp the situation, continue to focus on implementing measures to remove obstacles for investment projects, including public investment. Along with that, the province will further accelerate the disbursement of public investment, enhancing the access to capital of businesses and people, contributing to the growth of consumption, and promoting economic growth.