HCMC’s Hiep Phuoc Industrial Park first to get a green makeover

By Tuong Thuy
Thu, September 15, 2022 | 1:41 pm GMT+7

The Hiep Phuoc Industrial Park will be converted into Ho Chi Minh City’s first “eco IP,” municipal vice chairman Vo Van Hoan said Thursday.

He was speaking at a conference on eco industrial park development in Vietnam jointly organized in HCMC by the United Nations Industrial Development Organization (UNIDO), Vietnam’s Ministry of Planning and Investment (MPI) and the Embassy of Switzerland.

With support from the Government of Switzerland, UNIDO has teamed up with the Vietnamese ministry to transform conventional IPs in Vietnam towards green production and environmental protection since 2014.

The project focuses on increasing the transfer, deployment and diffusion of clean technologies and practices for the minimization of hazardous waste, greenhouse gas emissions, and water pollutants, and sound management of chemicals, thereby promoting a circular economy in Vietnam.

Hiep Phuoc Industrial Park in Nha Be district, HCMC. Photo courtesy of the IP.

Hiep Phuoc Industrial Park in Nha Be district, HCMC. Photo courtesy of the IP.

HCMC, Vietnam’s economic hub, is among project participants and the transformation of Hiep Phuoc IP falls under the project’s purview, Hoan said.

The city will work closely with the MPI and UNIDO in carrying out the project, he added.

Hoan also stressed that new IPs to be developed in HCMC in the coming time will be green IPs, specialized IPs, IPs for support industries, high-tech parks, and a combination of green industrial parks and urban zones.

Located in Nha Be district on HCMC’s outskirts, Hiep Phuoc IP is the city’s largest IP. With a total area of 1,686 hectares, Hiep Phuoc offers convenient infrastructure facilities and smooth links with other localities via air and road transportation.

Hiep Phuoc port inside the IP has for years served as a major trade and transshipment gateway in southern Vietnam.

Hiep Phuoc Port inside Hiep Phuoc Industrial Park in HCMC. Photo courtesy of the IP.

Hiep Phuoc Port inside Hiep Phuoc Industrial Park in HCMC. Photo courtesy of the IP.

The IP’s port cluster includes Saigon Premier Container Terminal (SPTC) and New Port. The cluster is located along the Soai Rap River, a major water passage linking HCMC with the Pacific Ocean via the beach town of Vung Tau. The systems of ports in HCMC and Vung Tau provide major marine logistics services in the south.

Established in 2007, Hiep Phuoc IP is home to more than 200 domestic and foreign tenants.

Authorities in Ho Chi Minh City are also considering converting Tan Thuan Export Processing Zone into a complex of high-tech, service, and residential developments.

The EPZ was established in February 1992 in HCMC’s District 7 as Vietnam’s first export processing zone, creating a new model for boosting industrial development in the country.

Tan Thuan's current status is no longer suitable to the district's development orientation as the zone is causing environmental pollution, while its low budget contribution is not proportionate to its scale, municipal authorities said.

Comments (0)
  • Read More
Vietnam’s steel giant Hoa Sen spends $34 mln on land near Long Thanh airport for urban development

Vietnam’s steel giant Hoa Sen spends $34 mln on land near Long Thanh airport for urban development

Hoa Sen Group (HoSE: HSG), Vietnam’s top producer of coated steel products, has spent VND900 billion ($34.3 million) acquiring land for a major urban development project in the southern province of Dong Nai.

Real Estate - Fri, August 8, 2025 | 8:22 am GMT+7

Halal market presents major opportunities for Vietnamese businesses

Halal market presents major opportunities for Vietnamese businesses

The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.

Economy - Thu, August 7, 2025 | 9:18 pm GMT+7

Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant

Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant

Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.

Industries - Thu, August 7, 2025 | 8:03 pm GMT+7

Vietnam’s army-backed construction firm proposes 14 offshore wind power projects

Vietnam’s army-backed construction firm proposes 14 offshore wind power projects

Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.

Energy - Thu, August 7, 2025 | 5:07 pm GMT+7

Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure

Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure

Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.

Companies - Thu, August 7, 2025 | 4:31 pm GMT+7

Northern Vietnam province accelerates $2.2 bln LNG-to-power project

Northern Vietnam province accelerates $2.2 bln LNG-to-power project

Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.

Energy - Thu, August 7, 2025 | 4:17 pm GMT+7

Vietnam's seafood firms ride profit wave ahead of US tariff hike

Vietnam's seafood firms ride profit wave ahead of US tariff hike

Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.

Economy - Thu, August 7, 2025 | 2:21 pm GMT+7

Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC

Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC

Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.

Companies - Thu, August 7, 2025 | 2:01 pm GMT+7

Indonesia, Malaysia, Thailand expand local currency transaction network

Indonesia, Malaysia, Thailand expand local currency transaction network

Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.

Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7

ASEAN to sign MoU on regional power grid implementation

ASEAN to sign MoU on regional power grid implementation

ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.

Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7

Vietnam overtakes Thailand to become world's second-largest rice exporter

Vietnam overtakes Thailand to become world's second-largest rice exporter

Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.

Companies - Thu, August 7, 2025 | 12:41 pm GMT+7

Vietnam posts trade surplus of $10.18 bln in 7 months

Vietnam posts trade surplus of $10.18 bln in 7 months

Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.

Economy - Thu, August 7, 2025 | 12:19 pm GMT+7

Malaysia pledges big purchases, investments with US

Malaysia pledges big purchases, investments with US

Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.

Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7

Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt

Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt

Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.

Companies - Thu, August 7, 2025 | 10:11 am GMT+7

Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil

Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil

Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.

Economy - Thu, August 7, 2025 | 9:57 am GMT+7

Malaysia steps up efforts to explore nuclear energy potential

Malaysia steps up efforts to explore nuclear energy potential

Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.

Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7