Binh Duong’s first net-zero industrial cluster to be built
Gia Dinh Group and SEP Cooperative of the Republic of Korea (RoK) on April 13 signed a memorandum of understanding on building a net-zero industrial complex in the southern province of Binh Duong.
A representative of the SEP group introduced carbon neutralisation technology that will be applied at Tam Lap 2 industrial cluster in Binh Duong province's Phu Giao district. (Photo: baodautu.vn)
Hanoi (VNA) – Gia Dinh Group and SEP Cooperative ofthe Republic of ওKorea (RoK) on April 13 signed a memorandum of understanding onbuilding a net-zero industrial complex in the southern province of Binh Duong.
Within the framework of the signing ceremony, a representativeof the SEP group introduced carbonneutralisation technology that will be applied at Tam Lap 2 industrial clusterin Phu Giao district. Accordingly, solar energy will be used, waste and wastewater treatment systems built and industrial waste recycled in the cluster. Construction of the 180-ha project is expected to begin at theend of this year with an investment capital of about 200 million USD. Tam Lap 2 will be developed based on the carbon-neutral modelpiloted at Banwol-Sihwa Industrial Complex in the RoK. Once completed, it will welcome about 20 member companies of SEPto invest here. Binh Duong province is calling for foreign investment inenvironment-friendly projects. In February this year, BecamexIDC Corporation and Singapore-based Sembcorp Development Ltd signed anagreement under which both sides will develop five green- and smart-orientedindustrial parks in Vietnam in the next three years, some of which will be located in Binh Duong. Currently, the third Vietnam-Singapore Industrial Park (VSIPIII) in Binh Duong is being built in line with the criteria of a green industrial park. Denmark-based LEGO group has decided to build its firstcarbon-neutral factory in VSIP III with an investment capital of 1.3 billionUSD. The plant is expected to becomeoperational by 2024, creating 4,000 jobs for local people within the next 15years./.
The southern industrial hub of Binh Duong has seen a positive change in foreign direct investment (FDI) inflows with higher number of projects meeting the locality’s criteria of high technology, high economic values, environmentally friendlỉness, and less labour-intensiveness, according to the provincial Department of Planning and Investment.
Deputy Prime Minister Le Minh Khai has suggested the southern industrial hub of Binh Duong switch to the smart industrial – urban – service model as part of efforts to build a new ecosystem that meets demand of new investors and workers.
A delegation of Binh Duong province led by Vice Secretary of the provincial Party Committee Nguyen Hoang Thao paid a working visit to Argentina on April 7-10 to explore investment opportunities and expand business cooperation with localities and the business community of the South American country.
The southern province of Binh Duong has contributed 14.94 trillion VND (637 million USD) to the State budget in the first quarter, ranked among the top five localities with the highest figures nationwide.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
A representative of the SEP group introduced carbon neutralisation technology that will be applied at Tam Lap 2 industrial cluster in Binh Duong province's Phu Giao district. (Photo: baodautu.vn) 
