HCM City (VNA) – Vietnam's leading industrial park developer Becamex IDC on July 16 signed a cooperation agreement with the International Finance Corpora🐈tion (IFC), a member of the World Bank Group, aiming to integrate international sustainability standards into the practical operations of its industrial parks in Vietnam.

Under the agreement, IFC will support Becamex in conducting preliminary assessments for up to five industrial parks using the Global Eco-Industrial Parks Programme (GEIPP) certification framework. The results will help identify strengths, gaps, and improvement in governance, and environmental, social, and economic performance. Nguyen Van Hung, Chairman of Becamex, said the partnership with IFC marks a strategic step forward in the group’s cooperation with the World Bank since 2022, which includes technical support for feasibility studies to develop Vietnam’s first internationally certified EIP. Diep Nguyen van-Houtte, IFC’s Senior Manager, Climate Business Department, highlighted that EIP implementation supports green competitiveness, reduces emissions, attracts quality investment, and generates better jobs. Nguyen Hoan Vu, CEO of Becamex, affirmed the group’s commitment to applying global sustainability standards in park operations, especially in support of HCM City’s broader green and smart development goals and its 2050 net-zero commitment. Becamex is also pushing forward smart, ecological industrial-urban-service models across the city. Previously, Becamex and the World Bank Group piloted international-standard EIPs in key zones in Bau Bang district, such as Bau Bang Industrial Park, its expanded zone, and Cay Truong IP. Becamex recently broke ground on the second phase of Bau Bang IP expansion and Cay Truong IP. With over 5.46 trillion VND (208.7 million USD) in total investment, the 700-ha Cay Truong IP prioritises clean, high-tech industries. Building on solid groundwork, the new IFC agreement is expected to scale up pilot models toward global benchmarks and enhance access to green finance. According to CEO Vu, the EIP model is central to Becamex’s vision for modern industrial zones aligned with ESG (Environmental, Social, Governance) standards—now a requirement for Vietnam to remain competitive in global supply chains and attract high-quality investment. He noted the agreement is a strategic platform for deeper collaboration, covering green operations, renewable energy integration, resource circularity, digital infrastructure, and emissions monitoring. It also facilitates access to green finance from IFC and other global partners. “Partnering with IFC helps enhance our ESG capacity and serves as a gateway to green finance, supporting comprehensive and responsible growth,” Vu said. Nguyen Van Dung, Vice Chairman of the municipal People’s Committee, noted that the collaboration between Becamex and IFC on the EIP assessment programme is a highly meaningful initiative that creates further opportunities for HCMC to attract resources and implement projects aligned with its vision, not only as an international financial hub but also as a sustainable green urban-industrial ecosystem./.