Attraction from the ecological industrial park model

Implementing the national strategy on green growth, in recent times, across the country, a number of Industrial Parks (IPs) have carried out sustainable development, piloting the transformation from traditional models to ecological and smart industrial parks, linking industrial production activities with environmental protection, effectively using natural resources through industrial symbiosis activities and circular economy. Among them, Phu My 3 Specialized Industrial Park in Ba Ria - Vung Tau province has been a typical example of the development of a sustainable and smart industrial park.

Phu My 3 Specialized Industrial Park has an area of ​​1,046 hectares, is 2 km from Cai Mep-Thi Vai deep-water seaport and combines synchronous modern infrastructure that meets international standards.

Ba Ria - Vung Tau province has 17 industrial parks whose planning has been approved by the Prime Minister. The People's Committee of the Province has issued a decision to establish 15 industrial parks with a total area of ​​8,510 hectares. Thirteen out of these 15 industrial parks are currently operating, with centralized wastewater treatment plants operating stably and automatic wastewater monitoring systems installed according to regulations.

Phu My 3 Industrial Park has been recognised as a model smart industrial park following ecological orientation and applying information technology to management and operation under the development program of Ba Ria - Vung Tau province proposed by the Japan International Cooperation Agency and approved by the provincial government in September 2018. Therefore, sustainable development goals, environmental, social and governance values ​​have always been emphasised. Phu My 3 Industrial Park has achieved a high proportion of green areas as well as efficient use of natural resources and clean production; symbiotic industrial connections among businesses in each industrial zone and among industrial zones have been established. This industrial park focuses on attracting industries that meet carbon neutral criteria such as: industries with high and modern technology content, renewable energy, electric vehicle production, and electric vehicle battery production.

From investors’ perspective, many businesses also agree with the policy of sustainable development of the Industrial Park. Developing green areas in industrial parks has become an vital trend for both infrastructure developers and secondary businesses. In addition to cleaning the environment, reducing the amount of CO2 discharged, contributing to reduction of greenhouse effects and climate changes, it has also been creating a positive impact on the psychology of workers, creating a spillover effect on investors all over the world.

Besides, with many advantages such as: strategic geographical location, proximity to Cai Mep - Thi Vai port, freeways, national highways, gas pipelines, stable power and water sources, synchronous modern infrastructure up to international standards, and professional one-stop services, Phu My 3 Specialized Industrial Park has been attracting large-scale investment projects in Vietnam and overseas.

Green growth target

The Government's national strategy on green growth for the period of 2021 - 2025, vision to 2050, identifies the goals: Green growth contributes to promoting economic restructuring associated with innovation of growth models to achieve economic prosperity, environmental sustainability, social justice, a green carbon-neutral economy, helping achieve the goal of limiting global temperature rise.

For many years, throughout resolutions, projects and strategies for socio-economic development, Ba Ria - Vung Tau province has been emphasising the viewpoint of ensuring harmonious development of economic, social, and environmental benefits during the development. The province has been setting the first priorities for environmental protection, ecological balance, and maintaining environmental benefits while achieving economic benefits when choosing and attracting investment.

Vietnam Japan Gas JSC (VJG) is a 100% Japanese-owned company in Phu My 3 Specialized Industrial Park.

According to Mr. Nguyen Anh Triet, Head of the Management Board of Industrial Parks in Ba Ria - Vung Tau province, the province has constantly been pursuing the direction of selectively attracting investments associated with environmental protection, fully promoting local potentials and advantages to attract investors and enhance socio-economic development. Improving the business investment environment, increasing the Provincial Competitiveness Index (PCI), creating all conditions to mobilise social resources for Development Investment are essential elements in any policy to attract investment.

In Resolution 05/NQ-HDND issued on May 31, 2023, in addition to specific targets on socio-economic development, the province has also set a target that by 2030, all industrial parks and clusters will be equipped with centralised wastewater treatment systems that meet environmental technical regulations; all department stores, supermarkets, hotels and tourist attractions will not use single-use plastic products and non-biodegradable plastic bags.

Accordingly, Ba Ria - Vung Tau Province always welcome domestic and international investors to invest in local advantageous fields. However, in addition to the scale, industry, and project feasibility, the province also focuses on evaluating criteria for project quality, environmental protection, and low energy use. The province is willing to reject any large-scale project that fails to ensure sustainability and potentially imposes negative impacts on the environment.