Tay Ninh is located in the Southeast region of Vietnam, serving as a bridge between Ho Chi Minh City and Phnom Penh, the capital of Cambodia. Tay Ninh is one of the provinces in the key economic region of the South, with three international border gates, three main gates, and ten auxiliary gates.
Recently, Deputy Prime Minister Tran Hong Ha signed Decision No. 565/QD-TTg approving the plan to implement the Tay Ninh Provincial Planning for the period of 2021 – 2030, with a vision towards 2050.
According to the plan, in terms of public investment projects, the province prioritizes the implementation of infrastructure projects with great spillover effects, especially strategic transport infrastructure, ensuring modernity, synchronicity, and comprehensiveness. This will promote regional linkage and intra-regional connectivity with the Moc Bai – Ho Chi Minh City – Bien Hoa – Vung Tau economic corridor. It will also enhance connectivity in the East-West direction with Binh Duong, Binh Phuoc, and Long An provinces, as well as technical infrastructure in the three development regions and four growth poles. This includes infrastructure for healthcare, education, science, technology, innovation, culture, sports, and social welfare. Additionally, there will be a focus on information and communication infrastructure, digital transformation, to attract investment capital and ensure a reasonable and effective investment structure.
Tay Ninh Holy See. Photo: Hanoi Moi.
For projects using capital sources other than public investment, the province will focus on completing the provincial infrastructure to maximize the efficiency of the infrastructure projects that have been and are being implemented with public investment funds. This will also attract investment to expand and improve the productivity and efficiency of production and business facilities in the three development regions and four growth poles of the province.
The prioritized sectors and fields for investment attraction in the province include: transport infrastructure, economic zone infrastructure, industrial parks, and industrial clusters; inland waterway port system and logistics infrastructure; tourism development projects; renewable energy projects; high-tech agriculture projects; information and communication infrastructure, science, technology, and innovation fields; water supply and drainage projects, waste treatment; and infrastructure for healthcare, education, culture, sports, environment, urban areas, residential areas, commerce, and services.
Tay Ninh Needs to Mobilize Approximately VND 628,000 Billion for Development
According to the Tay Ninh Provincial Planning for the period of 2021 – 2030, with a vision towards 2050, the goal is for Tay Ninh to become a dynamic and civilized locality with a good living environment, adapting well to climate change, and becoming a desirable and livable place.
The average economic growth rate for the period of 2021-2030 is expected to reach approximately 9.5%/year. The economic structure is targeted to have agriculture, forestry, and fisheries accounting for about 11%, industry and construction for about 58%, and services for 25%, with taxes on products minus subsidies on products making up the remaining 6%.
Panorama of Ba Den Mountain. Photo: Sun.
To achieve an average economic growth rate of approximately 9.5%/year for the period of 2021-2030, Tay Ninh province is expected to need to mobilize a total social investment capital of about VND 628,000 billion. Of this, in the period of 2021 – 2025, the state sector capital is expected to be VND 36,000 billion, and in the period of 2026 – 2036, it is expected to be VND 49,000 billion. Capital from the non-state sector is projected to be VND 107,000 billion and VND 218,000 billion in the respective periods. Foreign direct investment is also expected to reach VND 67,000 billion and VND 149,000 billion in the respective periods.
Some other economic indicators set by the province include a GRDP per capita of about VND 210 million (equivalent to about USD 7,700), an average labor productivity growth rate of about 10.5%/year, and an export turnover growth rate of at least 10%/year. The province also aims for the tourism industry to contribute more than 10% of GRDP…
With a vision towards 2050, Tay Ninh aspires to become a province with an economy based on clean industry and high-tech agriculture, thriving commerce and tourism, and serving as an international trade gateway for the Southeast region and the country. It aims to be a province with an efficient public management system, a business-friendly environment, and an attractive living environment based on a sustainable and diverse ecosystem.
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