The agreements were signed during an investment promotion conference in Stuttgart, the capital of Germany's Baden Wurttemberg state, as part of Tay Ninh's European investment promotion programme.
The event was jointly organised by the Tay Ninh People's Committee, the Vietnamese Embassy in Germany, the Stuttgart Chamber of Industry and Commerce (IHK Stuttgart) and the German Asia Pacific Business Association (OAV).
The conference's highlight was the signing of cooperation agreements between Vietnamese and German businesses with a combined estimated value of more than USD 2.1 billion.
The largest agreement was signed between VFT Bio Fuels Group and IMG Phuoc Dong Joint Stock Company to study the development of a green steel and bioenergy complex in Tay Ninh. The project is expected to attract investment of around USD 2 billion.
Meanwhile, Hung Nhon Group and Big Dutchman AG signed a strategic cooperation agreement to develop projects in Tay Ninh with an estimated investment of approximately USD 100 million.
Addressing the conference, Tay Ninh Party Secretary Nguyen Van Quyet said the province is promoting a new generation of industrial parks based on green, smart and sustainable development. Priority will be given to projects in high technology, supporting industries, and research and development.
Quyet said Tay Ninh's strategic location, improving transport infrastructure, extensive industrial land reserves and increasingly attractive investment environment position the province as a destination for German companies specialising in advanced manufacturing, industrial equipment, automation, semiconductors and digital transformation.
Vietnamese Ambassador to Germany Nguyen Dac Thanh described Tay Ninh as one of Vietnam's most attractive emerging investment destinations, well aligned with the growing interest of German businesses in expanding their operations across Asia.
According to Huynh Van Son, vice chairman of the Tay Ninh People's Committee, the province ranked fourth nationwide in foreign direct investment attraction during the first five months of 2026, securing nearly USD 2 billion in newly registered capital, up 94.5 per cent from the same period in 2025.
Tay Ninh is now home to more than 2,190 active foreign direct investment projects with combined registered capital exceeding USD 27.5 billion.
Officials said the newly-signed agreements are expected to pave the way for large scale investment projects in the province while strengthening economic, trade and investment ties between Tay Ninh and German and European partners.
