Tay Ninh is located in the key economic area of the South where connects with the economic centre of the country, HCM City, and other strongly developing provinces in the South such as Binh Duong, Dong Nai and Ba Ria – Vung Tau. In order to supply investors with some general information about the province and its general development trends, advantages and challenges at present and in the future, we interviewed Mr. Le Van Huon, Director of Department of Planning and Investment of Tay Ninh.
Ÿ Recently,
Tay Ninh is a high plainland with a good geological basis favourable for construction in the industrial and service sectors. The province is also traversed by the Trans-Asia road connecting
With these advantages, Tay Ninh can develop into a strong province. However, it will take time to reach this goal as moving the structure of the whole economy is always a "long-term strategy". Infrastructure, capital and qualifieid human resources are major factors required for the development of the economy, factors which require long term investment. At present, initial steps have been taken, with several achievements. Trang Bang industrial zone has 1,650 ha including 760 ha for industrial construction. Now, four complete industrial groups have been built and are in independent production progress. The advantage of Trang Bang is that this industrial zone is located along the Trans-Asia road and Xa Mat economy border gate, and only 3 km far from national road No.22. Moreover, the province has implemented planning for eight more industrial grouped areas and the Xa Mat economic border gate (considered to be the international border gate) with a total area of nearly 36,057 ha, in which, Xa Mat economic border gate accounts for an area of over 34,000 ha and Tram Vang industrial grouped area accounts for 479 ha. These areas are in process of being considered to become industrial zones.
Ÿ Moc Bai economy border gate area has been considered as a"
Moc Bai is the largest land border gate in the South, between
Moc Bai economy border gate area is located on an area of 21,238 ha with three border gates: Moc Bai international border gate and two other surplus border gates Phuoc Chi and Long Thuan. In the short-term objective to the year 2005, the province will focus on completing the first stage of building, with an area of 986 ha. In order to implement building the Moc Bai border gate trade and urban area, the province intends to mobilise some VND250 billion (US$16 million). From now to 2005, essential infrastructure such as 30 km of internal urban roads, 25 km of power lines, a 4,000-cubic metre-per-day capacity water processing plant and 28 km of water supply and drainage systems will be built or improved. In comparison with other
Ÿ Industrial crops are one of
Tay Ninh soil is very favourable for the development of short term and long-term industrial crops such as sugar cane, cassava, rubber and others. Therefore, the province has basically formed dedicated areas for each kind of plant in order to supply enough materials for processing industries in the province as well as other neighbouring provinces. The areas under sugar cane and beans of Tay Ninh are at the highest level of cropping and productivity in the country. Its cassava and rubber products have national competitive advantages. To the year 2010, the estimated structure of Tay Ninh industrial cropping is projected as follows: 38,000 ha of sugar cane in the year 2005. The area for growing peanuts was 19,750 ha in 2003 with a yield of 53,968 tonnes of raw peanut, but in the year 2010, the estimated area for peanuts will be around 30,000 ha with a capacity of 86,000 tonnes of raw peanut. The area for growing rubber trees was 33,030 ha in the year 2003, with a capacity of 29,257 tonnes of latex, but in the year 2010, the cropping area will reach 42,000 ha with a capacity of 46,000 tonnes of latex.
With various sources of industrial crops with stable capacity and improving productivity, Tay Ninh province is confident to call for investment in processing projects in conjunction with local material areas.
Ÿ With the above-mentioned potential and advantages, what progress has been made to draw investment for projects of the province?
In recent years, investment within the area of Tay Ninh province has made remarkable achievements. To the end of June 2004, 993 enterprises had invested in the province and been granted business licenses, with total investment capital of nearly VND1,956 billion (US$125.4 million). In terms of foreign investment, the province has drawn 66 projects with total investment capital of US$306.27 million, comprising 7 joint venture companies and 59 wholly foreign-invested companies. Trang Bang industrial zone had 41 of the total 66 projects with invested capital of US$101.95 million. The invested sectors are mainly garments and textiles, agricultural products and food processing. Most investment projects come from
At the present, 49 projects have been put in operation with total registered capital of US$276.59 million. There are ten projects in construction progress, and seven others – including four which have just been granted investment licenses - which have not been implemented yet. Foreign investment flow into Tay Ninh has contributed to the process of economic development and creating jobs for local residents. The investments also help increase budgets, export value and profits for the province. After a short period of operation, many projects have increased their investment capital and production scale, helping to further develop the economy and its restructure towards an industrial and service economy.
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