Many Opportunities to Invest

Speaking at the conference, Director of the branch Vo Tan Thanh said, over the past recent years, Tay Ninh has emerged as a new attractive destination for investors, particularly its location in the key southern economic zone in particular and Mekong sub-region in general. Southern economic corridor runs from Dawei of Myanmar through Thailand and Cambodia to Vung Tau Port. It also goes through Tay Ninh Province. In 2015 when the ASEAN economic community is officially set up, it is possible to witness more large-scale regional economic cooperation moves. Tay Ninh, where Ho Chi Minh Highway runs through, is the junction of major routes and shares bore gates with Cambodia. It is also easy to get access to southern economic centres from Tay Ninh. For all of these advantages, the province promises to play a role as a transshipment spot for receiving and distributing goods in the region in the near future. The province also sees great potential for investment and business chances.

 

Vice Chairman Tran Luu Quang of Tay Ninh People’s Committee, said, following the economic policies of the Party and the Sate, over the past years, local authorities of all levels have made great efforts to develop its internal strength for its own development as well as for the country. The province pays a very special attention to building a good investment environment; creating favourable conditions for both local and foreign investors; helping investors to deal with difficulties. According to a report on Vietnam’s Provincial Competitiveness Index 2011 conducted by the VCCI, Tay Ninh was ranked the 25^th among 63 cities and provinces nationwide. The province stood the 9^th in the country in attracting foreign direct investment (FDI). This shows that Tay Ninh is an appealing destination for foreign investors.

 

Talking about potentials and adva

Bourbon An Hoa IP has a total area of 1,020ha, including 760ha for industrial park which attracts 14 projects. The rest is used for depots with 184ha and residential areas with 76ha.

ntages to lure investment of Tay Ninh Province, Mr Tran Huu Hau, Director of the local Department for Investment and Trade Promotion, said, to date, the province has attracted investors from 19 countries and territories with 207 projects with a total registered capital of US$1.44 billion. Currently, Tay Ninh is home to Bourbon An Hoa Industrial Park, Phuoc Dong-Boi Loi Industrial Park and industrial park with a total ‘clean’ land area of 2,000 ha which is willing to welcome investors.

 

 One of the important advantages of Tay Ninh is border trade development based border gate network. The network of border gates, border markets, particularly Moc Bai and Ma Xat border gate economic zones, located in the economic development quadrangle of HCM City, Binh Duong and Dong Nai, is favourable for goods exchange. Border gate industrial parks and economic zones have remarkably contributed to the provincial economic transition, aiming to increase the ratio of industrial production and service in the GDP. Moc Bai Border Gate Economic Zone and two secondary border gates of Phuoc Chi and Long Thuan are home to trade areas which draw 46 projects totaling over VND6 trillion and hundreds of million of USD. The projects covering a combined area of more than 200ha, including 14 which have become operational.

 

Besides, the province boasts favourable conditions for tourism development and industrial crop plantation such as sugar cane, rubber, cassava and peanut. Particularly, the locality is on the way of urbanisation and industrialization and needs big capital amount for developing infrastructure and trade. This is a good opportunity for investors who are expected to boost the provincial economic development and reinforce its security and defense condition.