Tay Ninh attracts 4 times more domestic investment

Tourism Highlights

In the context of the country's economy still facing many difficulties, domestic investment attraction in Tay Ninh still increased 4 times compared to the same period. Trade, service and tourism activities in the province have been bustling since the beginning of 2024. Tay Ninh's total state budget revenue in the first quarter of 2024 reached 3,305 billion VND (29.8% of the estimate), up 4.4% over the same period.

The economy continued to grow, estimated at 8.1% and higher than the same period last year. Policies on social security and people's living conditions were given attention and implemented regularly. This effort shows that from the beginning of the year, Tay Ninh province's leaders identified internal revenue as the main source to ensure the set targets and plans.

The canal carries water from Dau Tieng Lake across the Vam Co Dong River, bringing irrigation water to 17,000 hectares of agricultural land. THANH NAM

The "bright color" in the socio-economic picture of Tay Ninh province can be identified as the growth of the tourism industry. Tay Ninh tourism has increased new, rich and different tourism products and services. The quality of products, services, accommodation, dining, entertainment activities... are increasingly organized in a systematic and professional manner. In particular, Ba Den Mountain tourist area has attracted a large number of visitors. Tourism revenue increased by 36% over the same period.

In the first quarter of 2024, Tay Ninh had 147 newly established enterprises with a total registered capital of VND 1,400 billion, an increase of 7.1% in registered capital. These efforts contributed to bringing the province's gross domestic product (GRDP) to VND 13,845 billion, an increase of 8.1% over the same period. Of which, the agriculture - forestry - fishery sector increased by 3%, the industry - construction sector increased by 11.1%, the service sector increased by 7.8%...

Accelerate investment development

According to the People's Committee of Tay Ninh province, in the first quarter of 2024, the total estimated social development investment capital is 9,031 billion VND, reaching 20.5% of the plan, up 4.2% over the same period.

In the first 3 months of 2024, credit institutions focused on implementing many solutions and policies to support people and businesses in accessing capital. Total outstanding loans are estimated at VND 100,300 billion, up 2% compared to the beginning of the year and up 12.6% over the same period.

Tay Ninh is simultaneously implementing many key infrastructure projects. Typical projects include the Ho Chi Minh City - Moc Bai Expressway Construction Investment Project. The Ministry of Planning and Investment has completed the pre-feasibility study report appraisal results of this project to seek opinions from members of the interdisciplinary appraisal council.

When completed, the Ho Chi Minh City - Moc Bai Expressway will not only meet the travel needs of Tay Ninh people, but also create an East - West corridor axis, opening up development space between Tay Ninh and provinces in the Southern Key Economic Zone, connecting with the Bavet - Phnom Penh Expressway of neighboring Cambodia.

Dau Tieng Lake is over 27 square kilometers wide, with a capacity of 1.58 billion cubic meters of dry water. It is the largest artificial lake in Southeast Asia, spanning the territory of three provinces: Tay Ninh, Binh Duong and Binh Phuoc. GIANG PHUONG

Some other important traffic projects are also being accelerated, such as the Go Dau - Xa Mat expressway (phase 1 from Go Dau to Tay Ninh city); the N8-787B-789 regional connecting road; upgrading and expanding DT.795 and DT.794 roads (from Ka Tum intersection to Saigon bridge - phase 2)... In particular, the province is also accelerating investment procedures for the Tan Nam international border gate construction project (the Ministry of Natural Resources and Environment has approved the environmental impact assessment report); the project of thematic sightseeing area, accommodation, resort, trade and service on the top of Ba Den mountain; logistics center, ICD dry port and general port in Hung Thuan commune, Trang Bang town...

According to the People's Committee of Tay Ninh province, in 2024, the locality will announce the Tay Ninh Provincial Planning for the period 2021 - 2030, with a vision to 2050. Continue to complete the general planning task of Trang Bang urban area, new urban areas of Tan Chau, Chau Thanh, Tan Bien districts and Xa Mat border gate economic zone until 2045.

In 2024, Tay Ninh plans to organize an Investment Promotion Conference to promote investment attraction, trade promotion, chain linkage, and strengthen linkages between production and product consumption enterprises. At the same time, promote tourism promotion activities, promote the image and brand of Tay Ninh tourism to form a civilized and professional local tourism ecosystem.

Tay Ninh's green energy transition roadmap to 2050
From now to 2030: Promote the conversion of road motor vehicles using electricity and E5 gasoline. Develop electric charging infrastructure to meet the needs of people and businesses.

By 2040: Gradually limit and move towards not using cars and motorbikes using fossil fuels (vehicles using gasoline and oil) in the province. The rate of road motor vehicles and construction motorbikes using electricity and green energy will reach at least 50%; 100% of taxis will be replaced or newly invested in using electricity and green energy.

By 2050: 100% of road vehicles and construction motorbikes will switch to using electricity and green energy. All bus stations and rest stops will meet green standards. All machinery and loading and unloading equipment using fossil fuels will be converted to electricity. Complete charging infrastructure and provide green energy throughout the province.

(Source: Tay Ninh Provincial People's Committee)

Tay Ninh is striving to accelerate the disbursement of public investment capital, ensuring the completion of the target of 50% by June 30, 75% by September 30, and completing the 2024 plan to reach over 95% of the assigned basic construction capital plan, creating momentum to accelerate in 2024 and make a breakthrough in 2025.

Source TNO

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