IDICO's 12th industrial park granted investment approval

The investment approval was granted to IDICO-CONAC on September 17, in accordance with Decision No.996/QD-TTg, and is in response to the increasing investment demand and the wave of production facility relocation from China.

The expansion of the IDICO My Xuan B1 Industrial Park (IP) will take place in My Xuan Ward, Phu My Town, Ba Ria-Vung Tau Province, and cover an area of 110 hectares (ha) with a total investment of nearly VND2 trillion ($81.4 million), of which the investor's contribution is VND386 billion ($15.7 million).

The project approval is an important step in IDICO's development strategy in the Industrial Real Estate sector. IDICO has already received approval for two major projects, IDICO Tan Phuoc 1 IP in May, and IDICO My Xuan B1 Expansion IP on September 17.

The implementation of two new IPs has added 580ha of industrial land in 2024, bringing IDICO's total land area to nearly 4,000ha, across 12 IPs throughout Vietnam. Along with IDICO Tan Phuoc 1 IP in Tien Giang (470ha), IDICO and its subsidiaries are actively completing compensation procedures and investing in infrastructure for IDICO My Xuan B1 Expansion IP, taking advantage of favourable geological conditions and synchronised infrastructure to develop high-quality IPs; simultaneously, they are refining their management apparatus to provide comprehensive support services for investors when they commence operations.

The IDICO IP network

With the ability to entice major investors such as Heineken, Hyosung, Nippon Glass, Posco, and Suntory Pepsi, IDICO is confident that it will continue to welcome high-quality projects into its IPs nationwide. This not only affirms IDICO's strong position in the industrial real estate market but also demonstrates a strong commitment to developing new IPs to draw in more investors and contribute positively to the economic development of localities.

IDICO My Xuan B1 Expansion IP marks a milestone in strategy for investment and development in the industrial infrastructure sector. IDICO is committed to continuing the extension and development of the new IPs in the future, to meet the growing demands of investors.

Over the next few years, IDICO's main aim is sustainable development while improving operational efficiency, focusing on environmental protection and green development. Optimising the construction of wastewater treatment plants in its IPs will ensure that the quality of wastewater discharged into the environment meets the current column A standards.

IDICO is also implementing rooftop solar energy systems on ready-built factory projects, while also encouraging its tenant businesses in to adopt this solution to help reduce emissions, aiming for the net-zero target by 2050.

IDICO lists sustainability among key criteria More than 300 businesses met at the first session of the Vietnam Industrial Real Estate Association (VIREA) held on January 18 to discuss solutions for developing industrial real estate, as well as topics related to the organisation and its operational regulations.

IDICO’s green transformation towards a sustainable future Industrial and urban developer IDICO aims to build sustainable industrial park ecosystems, anticipating the net-zero trend towards 2050, as demonstrated through its strategy of developing high-quality, synchronised infrastructure

IDICO Tan Phuoc 1 Industrial Park granted investment certificate IDICO Corporation received the investment registration certificate on September 4 for the IDICO Tan Phuoc 1 Industrial Park project in Tien Giang province.