Within the framework of the European Investment Promotion Program, in Stuttgart city, Baden-Wurttemberg state (Germany), the People's Committee of Tay Ninh province in coordination with the Vietnamese Embassy in Germany, the Stuttgart Chamber of Industry and Trade (IHK Stuttgart) and the German Business Association in Asia - Pacific (OAV) organized an investment promotion conference in Germany.
The highlight of the conference was the signing ceremony of cooperation agreements between Vietnamese and German businesses with a total estimated value of more than 2.1 billion USD.
In which, the most prominent is the cooperation agreement between VFT Bio Fuels Group and IMG Phuoc Dong Joint Stock Company to research and deploy the Green Steel and Bioenergy Complex in Tay Ninh, with a total expected investment of about 2 billion USD.
In addition, Hung Nhon Group and Big Dutchman AG Group signed a strategic cooperation memorandum to implement projects in Tay Ninh, with a total expected investment value of about 100 million USD.
Speaking at the conference, Secretary of Tay Ninh Provincial Party Committee Nguyen Van Quyet said that the locality is orienting the development of new generation industrial parks in a green, smart and sustainable direction; prioritizing attracting high-tech projects, supporting industries, and research and development (R&D) centers.
According to the Secretary of Tay Ninh Provincial Party Committee, with its strategic location, increasingly complete connectivity infrastructure, large industrial land fund and constantly improving investment environment, the province wishes to become a destination for German businesses in the fields of high-tech manufacturing, industrial equipment, automation, semiconductor and digital transformation.
Vietnamese Ambassador to Germany Nguyen Dac Thanh assessed Tay Ninh as one of the localities with an increasingly attractive investment environment, suitable for the trend of expanding investment of German businesses in Asia.
According to Vice Chairman of Tay Ninh Provincial People's Committee Huynh Van Son, in the first 5 months of 2026, the locality ranked 4th in the country in attracting foreign direct investment (FDI), with a total registered capital of nearly 2 billion USD, an increase of 94.5% compared to the same period in 2025. To date, Tay Ninh has more than 2,190 valid FDI projects with a total registered capital of over 27.5 billion USD.
The agreements signed at the conference are expected to create a premise for forming large-scale projects in Tay Ninh in the near future, while contributing to promoting economic, trade and investment cooperation between the locality and German and European partners.
