“Greening” IPs

Developing a green economy and circular economy, along with building eco-industrial parks, is an inevitable trend to enhance competitiveness and promote sustainable development. This requires prompt transformation at the demands of investors in both existing and newly established industrial parks (IPs). By quickly adapting to advancements in science and technology and promoting innovation, Binh Duong has been actively renewing and refining its policies while adjusting goals and directions to adapt to the new development context.

In recent years, Binh Duong has consistently led transformation in development models, focusing on modern industries and high-quality services driven by a core innovation ecosystem. The province’s development model transformation has been in line with its conditions, potential and competitive advantages. Currently, province-based IPs are shifting toward sustainable and in-depth investment attraction. To enhance competitiveness, Binh Duong is concentrating on drawing investment into well-planned IPs and accelerating the construction of modern infrastructure in these parks. With extensive experience in industrial infrastructure development, the province has continued investing and expanding existing IPs, aiming at meeting higher standards in science, technology, environmental protection and focusing on attracting high value-added industries that satisfy international investors’ increasingly strict requirements.

At present, Binh Duong is staying on track with its roadmap to build a smart city, with the goal of attracting both domestic and international investment into high-tech, high value-added, labor-efficient and environmentally friendly industries. Various policies have been implemented to attract next-generation investment projects into IPs, accelerate infrastructure development in line with planning and explore the establishment of science and technology urban-industrial parks as well as eco-IPs focused on high-tech industries.

The development of a green economy is the foundation and driving force for maintaining growth and attracting investment. Therefore, investing in "greening" IPs, focusing on developing the industrial ecosystem towards green, smart and sustainable development, is to contribute to improving the efficiency of attracting investment capital and applying science - technology, innovation for sustainable development.

Reported by Nhat Huy-Translated by Kim Tin