Tay Ninh realizes the aspiration of innovation and development

Tay Ninh has been proving itself to be a strongly developing locality, especially in mobilizing and managing socialized resources, aiming to realize the goal of sustainable development and comprehensive innovation. In 2023 and early 2024, Tay Ninh will make its mark with outstanding successes in attracting investment and public investment, making an important contribution to promoting the economy, creating a foundation to achieve strategic goals.

Breakthrough in attracting foreign and domestic investment

In 2023, Tay Ninh made significant progress in attracting foreign direct investment (FDI). Total foreign investment capital in the province is estimated at 751 million USD, an increase of 8.5% compared to 2022.

Specifically, the province granted new licenses to 30 FDI projects with a total registered capital of 383 million USD, while 42 projects had their capital adjusted to increase with an additional capital of 471 million USD. This shows the confidence of international investors in Tay Ninh's investment environment, and at the same time demonstrates the province's efforts in improving policies and conditions to attract FDI.

Tay Ninh's domestic investment attraction has also recorded many successes with a total investment capital of more than 12,545 billion VND. In total, the province currently has 700 domestic investment projects in operation, with a total registered capital of 130,663 billion VND. These figures not only show Tay Ninh's improvement in attracting domestic and foreign investment capital but also reflect the province's effective organizational and management capacity.

In the first months of 2024, Tay Ninh continued to maintain its growth momentum as investment capital began to flow in, contributing to stimulating economic development. Thanks to this capital flow, many key projects in the province's industrial, service and agricultural sectors have been implemented, creating positive movements throughout the economy.

With the advantage of international and domestic investment capital, Tay Ninh has effectively promoted key economic sectors, especially high-tech agriculture and processing industry. This not only creates added value for the local economy but also contributes to promoting the development of supporting industries, thereby increasing production value and income for people.

Public investment - An important driving force for sustainable development

In 2024, Tay Ninh plans to allocate more than VND8,424 billion in public investment capital, including VND4,174 billion from the State budget allocated by the Government and more than VND4,250 billion from the Provincial People's Council. These are important figures, marking the province's efforts to increase investment in infrastructure and public works, aiming to build a solid foundation for long-term development.

The provincial government has been making efforts to overcome difficulties and speed up the implementation of public investment projects. The determination to achieve the target of disbursing capital on schedule not only helps the province solve the problem of infrastructure but also contributes to creating a stable growth momentum for economic sectors.

Panorama of Phuoc Dong Industrial Park, Go Dau district, Tay Ninh province.

Notably, to ensure that public investment capital is used effectively, Tay Ninh focuses on investing in key and priority projects, avoiding scattered and long-term investment.

One of the outstanding projects thanks to the mobilization of resources and public investment is the transportation system connecting districts in the province. Many rural and inter-district roads have been upgraded and renovated, helping to connect areas in the province, creating favorable conditions for the transportation of goods and trade.

With the motto "The State and the people work together", the province has encouraged people to participate in contributing and supporting projects, creating a close connection between the government and the community.

In addition, investment projects in industrial parks, especially large industrial parks such as Trang Bang and Phuoc Dong, not only attract capital from investors but also create thousands of jobs for workers. At the same time, Tay Ninh also focuses on developing eco-tourism with prominent destinations such as Ba Den Mountain, attracting millions of visitors each year and becoming an important source of revenue for the local budget.

Strengthening resource mobilization

With these achievements, Tay Ninh is setting strategic goals to continue to maintain and promote the effectiveness of mobilized resources. In the coming time, the province will focus on investment support policies and improving the business environment, aiming to attract more domestic and foreign investors. Priority areas will include developing transport infrastructure, building modern industrial parks and promoting sustainable tourism projects.

At the same time, the province also focuses on improving the efficiency of public investment capital through reviewing and evaluating priority projects and works to prepare for the medium-term public investment plan for the period 2026 - 2030. Tay Ninh will aim for a focused and key investment approach, avoiding capital dispersion. This not only helps increase the efficiency of resource use but also ensures that public investment projects bring sustainable economic and social value.

Asphalt paving of DT787B road belongs to the inter-route project connecting N8 region - 787B road - 789 road in Tay Ninh province. (Photo: Viet Khoa)

Tay Ninh has been demonstrating its flexibility and creativity in resource mobilization, becoming an admirable development model in the context of limited state budget resources. With creativity in mass mobilization work and the ability to mobilize social resources, the province has achieved many important achievements in attracting investment and public investment.

These efforts not only help Tay Ninh build a solid foundation for sustainable development but also contribute to realizing the aspiration for innovation, making Tay Ninh one of the leading developing localities in the Southeast region.

Looking to the future, Tay Ninh continues to commit to socio-economic development based on the consensus of the people and the support of investors. With clear strategies and goals, Tay Ninh province is on the way to a bright future, becoming a symbol of the consensus between the government and the people in building and developing the homeland.

Hoang Tho

Source: https://vtcnews.vn/tay-ninh-hien-thuc-hoa-khat-vong-doi-moi-phat-trien-ar904807.html