Tourism, investment potential of Tay Ninh introduced to foreign firms

As part of the southern key economic region, Tay Ninh shares nearly 240km of borderline with Cambodia and is home to three international border gates, three main border gates, 10 auxiliary ones, along with many border crossings. It bridges HCM City, an economic hub of Vietnam, with Phnom Penh capital of Cambodia through the Moc Bai International Border Gate.

Five industrial parks are operating in the province at present. As of August 15, local industrial parks and economic zones had attracted 337 investment projects, including 273 foreign direct investment (FDI) projects worth over VND8.7 billion and 64 domestically invested ones with registered capital topping VND12.26 trillion (US$490.9 million). Twenty-one countries and territories have invested in Tay Ninh so far, data show.

Consul General of Italy in HCM City Enrico Padula, head of the Delegation of Foreign Consulates and Business Associations in HCM City, said despite numerous difficulties and challenges facing the global economy, in 2024, Tay Ninh has managed to attract VND2.5 trillion of investment in high-tech agriculture, a potential sector grabbing much interest from international investors.

Besides, he noted, industry and tourism are also promising fields for the province to make development breakthroughs in the coming time.

The diplomat said the province still holds many advantages to be tapped into, including an abundant workforce, rich cultural heritage, and historical traditions, the proximity to Binh Duong province and HCM City – two important economic hubs in the southeastern region, and a long borderline with Cambodia, which are critical factors for its economic, trade, and service growth.

The consulates and business associations of 15 countries in HCM City will help provide enterprises with all necessary information about investment and tourism opportunities in Tay Ninh, thereby helping boost investment partnerships as well as balanced and sustainable relations with Vietnam, Padula added.

Vice Chairman of the Provincial People’s Committee Nguyen Hong Thanh affirmed that Tay Ninh will continue working closely with foreign consular agencies and investors in terms of trade, investment, culture, health care, and education to create close-knit ties for common development.

He expressed his hope that his province will receive more assistance from international diplomatic bodies and businesses to further popularise its image and investment environment.

Thanh also pledged the best possible conditions for businesses to operate and develop sustainably.