Belgian, Dutch, German investors commit over $3bn to Vietnam’s Tay Ninh

The agreements were reached during three investment promotion conferences held over the past week in Belgium, the Netherlands, and Germany as part of a working visit by a Tay Ninh delegation led by Nguyen Van Quyet, secretary of the provincial Party Committee, local authorities said on Monday.

The events, jointly organized by the Tay Ninh administration and Vietnamese embassies in the host countries, brought together hundreds of Vietnamese and local businesses to explore investment and partnership opportunities.

In Brussels, Belgium, the Association of Vietnamese Intellectuals in Belgium and Luxembourg signed a memorandum of understanding (MoU) with Tay Ninh to strengthen cooperation in scientific research, innovation, and the development of a highly skilled workforce by connecting overseas Vietnamese experts with the province.

The Tay Ninh administration also granted an investment registration certificate for the Be Milk dairy production plant project developed by Belgian investor Swiss Asia Partner at Prodezi Industrial Park in the province's Luong Hoa Commune, with a total investment of over $100 million.

At the conference in Amsterdam, the Netherlands, the Tay Ninh Department of Finance signed an MoU with the Dutch Business Association Vietnam to strengthen business ties, facilitate information exchange, coordinate investment promotion activities, and support Dutch companies interested in investing and doing business in the province.

The Tay Ninh Department of Industry and Trade also signed an MoU with Dutch waste management company Harvest Waste to explore investment in a waste-to-energy plant using European technology, with a projected investment of about $125 million.

In addition, Dutch agribusiness giant De Heus and Tay Ninh-based Hung Nhon Group, one of Vietnam’s leading agricultural companies, said they plan to invest around VND18.3 trillion (over $695 million) between 2026 and 2036 to develop a closed-loop, high-tech livestock and poultry production chain, according to Nhan Dan (People) newspaper.

In Stuttgart, Germany, German firm VFT Bio Fuels UG and Vietnam’s IMG Phuoc Dong JSC agreed to jointly study the development of a green steel and bioenergy complex with a projected investment of around $2 billion.

Hung Nhon Group also entered into a strategic partnership with Germany’s Big Dutchman AG, a global leader in equipment and feeding systems for modern pig and poultry production, to develop projects in Tay Ninh with a total planned investment of approximately $100 million.

In total, the agreements announced during the three investment promotion conferences were worth about $3.02 billion.

Speaking at the conferences, secretary Quyet said Tay Ninh is entering a new stage of development focused on building next-generation industrial parks that are green, smart, and sustainable.

He said the province aims to accelerate the development of high-tech industries, supporting industries, and research and development (R&D) centers.

According to the Ministry of Finance, Tay Ninh ranked fourth nationwide in foreign direct investment (FDI) attraction during the first five months of 2026, with nearly $2 billion in newly registered capital, up 94.5 percent year on year.

The province is now home to more than 2,190 valid FDI projects with combined registered capital exceeding $27.5 billion.