Binh Duong’s first net-zero industrial cluster to be built

April 14, 2023 | 15:39

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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.

Binh Duong’s first net-zero industrial cluster to be built | Business | Vietnam+ (VietnamPlus)

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 – 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.

Within the framework of the signing ceremony, a representative of the SEP group introduced carbon neutralisation technology that will be applied at Tam Lap 2 industrial cluster in 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 the end of this year with an investment capital of about 200 million USD.

Tam Lap 2 will be developed based on the carbon-neutral model piloted at Banwol-Sihwa Industrial Complex in the RoK. Once completed, it will welcome about 20 member companies of SEP to invest here.

Binh Duong province is calling for foreign investment in environment-friendly projects. In February this year, Becamex IDC Corporation and Singapore-based Sembcorp Development Ltd signed an agreement under which both sides will develop five green- and smart-oriented industrial parks in Vietnam in the next three years, some of which will be located in Binh Duong.

Currently, the third Vietnam-Singapore Industrial Park (VSIP III) 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 first carbon-neutral factory in VSIP III with an investment capital of 1.3 billion USD. The plant is expected to become operational by 2024, creating 4,000 jobs for local people within the next 15 years.

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