Dong Nai to build green IPs that meet net-zero standards

Specifically, Dong Nai is calling for investors to build at least three green industrial parks (IPs) that reaching net-zero standards, and three high-tech parks, encompassing a 497-hectare high-tech park in Cam My district, a 100ha IT park, and a 300ha innovation park in Long Thanh district.

This investment wish-list is embedded in the provincial planning, with projects in industry, services, urban development, transport infrastructure, culture, and society.

Transport infrastructure takes the lead with 10 projects, including Cat Lai Bridge, Bien Hoa Airport, and Ring Road No.4. Urban development has seven projects, culture and society embraces seven projects, and industry and services each register six projects.

Nguyen Huu Nguyen, director of Dong Nai Department of Planning and Investment, noted that the projects are highly feasible as they have received the thumbs-up from the province and been reported to central management agencies.

The early announcement of the investment wish-list has drawn attention from domestic businesses and international investors.

Usually, localities make an official announcement of their investment wish-lists after receiving government approval for their provincial plans.

Dong Nai’s plan is still pending governmental approval, but the people’s committee decided to make this early announcement to ensure investors have time to make preparations and jumpstart ventures when the provincial plan is greenlighted by the government.

Peter Wu, deputy chairman of Taiwan-owned Vietnam Precision Industrial JSC (VPIC), unveiled the company’s particular attention to a modern-oriented green IP model that meets net-zero standards.

“Our company is based in the southern province of Dong Nai and is gearing operations towards using green energy with minimal impacts on the environment, so eco IP development has caught our special attention,” said Wu.

Meanwhile, a raft of investors from Japan, South Korea and United States are showing keen interest and sending proposals to Dong Nai People’s Committee expressing a desire to start ventures in high-tech, services, and smart urban development.

For instance, South Korean group Harbor Star Engineering Global is looking to venture into expediting an urban area, trade, services, entertainment, and logistics complex project around Long Thanh International Airport.

Japan’s Aeon Mall is in a legal setup stage to be able to soon expedite a shopping mall project in Bien Hoa city covering nearly 12ha at a total value reaching $250 million.

Leading domestic players are also mulling over developing urban areas in Dong Nai.

Privately-run Ecopark Group has proposed an ecological urban area covering 3,800ha, and KN Investment Group, owned by entrepreneur Le Van Kiem - the owner of the Long Thanh Golf brand - is looking to inject capital into four high-tech agriculture projects in Long Thanh and Cam My districts.

“Dong Nai is committed to ensuring the transparent announcement of its latest investment wish-list to the public, enabling all investors to equally access these priority projects,” said Nguyen Hong Linh, Secretary of Dong Nai Party Committee.

Dong Nai eyes 10,000 units of social housing by 2025 The southern province of Dong Nai targets some 10,000 units of social housing built by 2025, the provincial Department of Construction said at a meeting on March 21.

Dong Nai woos Japanese investors More than 100 Japanese investors, with 200 more Vietnamese and Japanese attending online, participated in a conference to promote investment in the southern province of Dong Nai held in Tokyo on April 24.

Sojitz to develop green IPs in Dong Nai Japan’s Sojitz Corporation and the southern province of Dong Nai have agreed to work together to develop a model for green, smart industrial parks. The collaboration is set to run until 2026.