Tay Ninh – A bright spot for FDI attraction

Provincial Party Committee member and Vice Chairman of the Tay Ninh Provincial People’s Committee Huynh Van Son (front row, far left) attends the Vietnam–China Tourism and Investment Promotion Forum in Beijing, China, on September 21, 2025. (Photo: THANH PHONG)
A safe and attractive investment destination

In recent years, to effectively tap its potential and enhance foreign direct investment (FDI) inflows, Tay Ninh has implemented a range of practical and comprehensive measures, yielding initial positive results. Thanks to FDI, the province has developed several key industries, created tens of thousands of local jobs, and made significant contributions to export turnover and budget revenue. FDI has also played a vital role in restructuring the local economy—from agriculture to industry and services—helping Tay Ninh become an increasingly dynamic province deeply integrated into global value chains.

According to Mr. Truong Thanh Liem, Head of the Tay Ninh Economic Zone Authority: “Recognizing FDI attraction as a key driver for local industrialization and modernization, the province has focused on expanding industrial land, developing human resources, streamlining administrative procedures, and accompanying enterprises throughout their investment and production processes. As a result, investor confidence has grown stronger, reflected in the continuous increases in both newly registered and adjusted capital over recent years.”

Investing in Tay Ninh since 2016, Sunghwa Vina Co., Ltd. is a 100% foreign-invested enterprise from the Republic of Korea with a total registered capital of about USD 15 million. The company specializes in manufacturing and exporting socks worldwide, supplying well-known global brands such as H&M, GAP, AEO, Goldbug, and Walmart. Each month, the company produces more than 9 million pairs of socks and provides stable jobs for around 900 workers.

According to Mr. Kim Sunsook, General Director of Sunghwa Vina Co., Ltd., “With its stable economic growth and abundant young workforce, Vietnam in general and Tay Ninh in particular offer an ideal investment environment. Moreover, preferential tax policies and administrative support from the local authorities give foreign-invested enterprises like Sunghwa Vina greater confidence to expand. We are committed to growing together with the local community, creating jobs, and contributing to the province’s economic development. In the coming time, we hope to continue receiving support in workforce recruitment, power supply stability, and customs facilitation.”

Not only has the number of new projects increased rapidly, but many existing enterprises have also decided to expand their production scale and raise investment capital—demonstrating their long-term commitment to Tay Ninh. Airspeed Manufacturing Vietnam Co., Ltd., a U.S.-invested enterprise specializing in electronics and mechanical engineering, is preparing for a major production expansion in Vietnam.

The company currently operates two factories at the Kizuna and Long Hau industrial parks, employing about 900 workers and covering nearly 14,000 m². Construction is underway for a third factory at the Kizuna Industrial Park, covering 15,000 m², which will create nearly 1,000 new jobs once it is completed and put into operation in December 2025.

Mr. Bui Duc Tho, Deputy General Director of Airspeed Manufacturing Vietnam Co., Ltd. said: “We highly appreciate the investment environment in Vietnam in general and Tay Ninh in particular, especially its transparency, stability, and timely business support policies. The decision to build our third factory reflects our long-term commitment to the province. With the strong support of local authorities, we believe our production activities will continue to grow sustainably and contribute positively to the global supply chain.”

Adopt a comprehensive set of solutions

Workers at Airspeed Manufacturing Vietnam Co., Ltd.

Tay Ninh not only aims to attract a greater number of FDI projects but also places strong emphasis on quality, prioritizing environmentally friendly, high-tech projects with high added value. The province continues to call for investment in logistics, border trade, clean energy, and eco-tourism. At the same time, it is focusing on strengthening existing foundations while implementing new, synchronized solutions to create breakthrough growth—particularly in attracting investment capital and building a friendly, safe, and sustainable investment ecosystem aligned with global integration trends and the rapid transformation of the Industrial Revolution 4.0.

According to Mr.Tran Van Tuoi, Deputy Director of the Tay Ninh Department of Finance: “To reaffirm its position as an attractive, safe, and effective investment destination—especially for FDI investors—the province will focus on implementing comprehensive and strategic solutions. These include effectively operating the two-tier local government model and promoting substantive administrative reforms, with business community satisfaction serving as a key evaluation criterion. Administrative procedures will continue to be streamlined, and processing times shortened, creating a more transparent and favorable investment environment.

The province also pays close attention to promoting its potential, advantages, and investment environment through both traditional and digital communication channels, while organizing investment promotion conferences and seminars in high-potential markets.

In addition, Tay Ninh proactively strengthens dialogue channels and holds regular meetings with the business community to promptly listen to and address difficulties, remove bottlenecks in production and business operations, and develop synchronized infrastructure—particularly inter-regional transport projects, industrial park infrastructure, and a modern logistics network.

The province is also enhancing international cooperation and investment promotion activities at home and abroad, effectively capitalizing on opportunities arising from free trade agreements (FTAs) to attract high-quality FDI. Relevant departments will strengthen business linkages, expand markets, and support local enterprises in deeper participation in investment and trade promotion programs, thereby creating more opportunities for cooperation with both domestic and foreign partners.

“Tay Ninh is shaping a breakthrough and innovative investment promotion strategy, built on the consensus and determination of the entire political system, along with the companionship of enterprises and citizens. With this orientation, the province strives to become a reliable investment destination that ensures sustainable development while expanding its integration into the regional and global economy. Tay Ninh is steadily advancing toward becoming one of the region’s leading FDI destinations,” Mr. Tran Van Tuoi emphasized./.

By Staff – Translated by Tuong Vinh

Source: https://baolongan.vn/diem-sang-thu-hut-dau-tu-fdi-a203971.html