Currently, the Tay Ninh province has 6 industrial parks (IPs) included in the Vietnam Industrial Park Planning approved by the Prime Minister, with a total land area of 3,959 ha.
5 of these IPs have been licensed and are in operation, including: Trang Bang IP, Linh Trung III Export Processing and Industrial Zone, Cha La IP, Phuoc Dong IP, and Thanh Thanh Cong IP. The total land area of these 5 IPs is 3,383.07 ha; the industrial land area available for lease is 2,540.1 ha; 1,709.87 ha has been leased, resulting in a 67% occupancy rate. The industrial land area available for immediate investment is approximately 350 ha (including a land lot with the largest area of approximately 50 ha), and 1 IP has just been approved by the Prime Minister for investment (Hiep Thanh IP).
In addition, there are 2 border gate economic zones (GEZs) in the province: Moc Bai with a scale of 21,284 ha and Xa Mat with a scale of 34,197 ha.
By 2050, Tay Ninh will become a province with a developed economy based on clean industry and high-tech agriculture; commerce and tourism will flourish, and it will serve as an international trade gateway for the southeastern region and the entire country.
According to the Provincial Economic Zone Management Board, in the first quarter of 2024, the total investment capital attracted to IPs and GEZs in the province reached 59.38 million USD, a decrease of 26% compared to the same period last year. Currently, many investors are also exploring the investment environment in the IPs, including 3 investors who are currently in the process of registering for investment certificates with a total capital of approximately 33 million USD.
As of March 27, 2024, the IPs and GEZs have attracted 389 investment projects (289 FDI projects and 100 domestic projects) with a total registered investment capital of 9,189.41 million USD and 21,038.96 billion VND. It is expected that 18 projects will become operational in 2024, and 15 projects will become operational in 2025.
In order to increase the occupancy rate of the operating IPs and establish a foundation for the implementation of the planning of new IPs, the Provincial Economic Zone Management Board has proposed that the province increase its participation in investment promotion conferences organized by ministries, sectors, and localities to promote information, the image, and the investment environment of the province to potential investors; organize investment promotion delegations to markets in Northeast Asia; and regularly exchange and provide information on the investment environment to foreign economic and diplomatic organizations and press agencies.
An important factor in attracting investment is administrative reform; therefore, in the coming time, the Provincial Economic Zone Management Board will continue to promote administrative reform, promptly resolve and remove difficulties and obstacles for businesses in order to accelerate project implementation progress; and resolutely收回the projects that are unable to be implemented in order to create a land fund for new investors.
