As part of a trade and investment promotion mission to Japan, the Tay Ninh Province’s delegation, led by Provincial Party Secretary Nguyen Van Quyet, successfully hosted the “Tay Ninh Investment Promotion Conference in the Kansai Region” on November 17th.
During the conference, Vice Chairman of Tay Ninh Provincial People’s Committee Pham Tan Hoa emphasized that Japan remains a key economic partner for the province. Currently, Tay Ninh hosts 176 FDI projects from Japan, totaling over $1.26 billion in investment, ranking 4th among 40 countries and territories investing in the province. These projects span various critical sectors driving economic growth.
Mr. Pham Tan Hoa.
Tay Ninh’s strategic advantage lies in its location as the western gateway connecting Ho Chi Minh City with the Mekong Delta and the Southern Economic Corridor, as well as its role as a vital transit hub to Cambodia through four international border gates.
In terms of industrial infrastructure, Tay Ninh aims to establish 59 industrial parks and 82 industrial clusters by 2030, covering a total area of 21,372 hectares. Over 1,000 hectares of cleared land are already available for new investors.
During discussion sessions, several Japanese conglomerates expressed plans to invest and expand projects in Tay Ninh.
Acecook, a leading Japanese retailer, is exploring the establishment of a production facility in Tay Ninh.
Acecook is assessing the feasibility of building a production plant in the province. Yumoto Group is considering expanding its existing project, while Sumitomo Forestry is evaluating investments in renewable energy. ST Trading has proposed partnerships in distributing scientific and technological equipment, along with research applications. Several Japanese firms are also interested in implementing Japanese language training programs to enhance local workforce skills.
Beyond business interactions, the conference witnessed the signing of strategic cooperation agreements between Tay Ninh and Kansai Region partners.
Regarding Acecook, which is evaluating investments in Tay Ninh, the company currently operates two overseas subsidiaries—Acecook Vietnam and Acecook Myanmar—and exports to over 40 countries and territories.
In Vietnam, Acecook has operated for over 30 years, established in 1993 and commencing factory operations in 1995. The company leads the instant noodle market, holding approximately 40% market share with over 3.3 billion units sold annually domestically.
On October 16th, Acecook Vietnam Joint Stock Company broke ground on the Thang Long Factory in Thang Long II Industrial Park (Hung Yen). The project, with a total investment of VND 2.2 trillion, is situated on a 10-hectare site and includes production facilities and office space.
The factory is expected to commence operations in January 2027, featuring five production lines and an annual capacity of approximately 750 million packs, thereby increasing supply for both domestic and export markets.
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