Korea firm eyes to build Vietnam’s first zero-emission industrial cluster
South Korea’s SEP Cooperative plans to develop the Tam Lap 2 in the southern province of Binh Duong into Vietnam’s first zero-emission industrial cluster.
SEP Cooperative revealed its plan, a cooperation with Binh Duong-headquartered Gia Dinh Group, at an event on net-zero carbon industrial real estate on Thursday.
It said the industrial cluster would feature infrastructure for solar energy, processing wastewater and waste, and recycling industrial waste.
Construction of the Tam Lap 2 industrial cluster in Phu Giao district is set to begin in late 2023. The 200-hectare facility, with an investment of $200 million, is expected to attract investments from about 20 South Korean companies under the roof of SEP Cooperative.
Binh Duong Chairman Mai Hung Dung (left) discusses carbon neutral technology with executives of SEP Cooperative and Gia Dinh Group in Ho Chi Minh City on April 13, 2023. Photo courtesy of Binh Duong newspaper.
At the event, SEP Cooperative and Gia Dinh Group signed a memorandum of understanding on building the "net-zero" industrial cluster.
Binh Duong province is pushing green industrial projects. Singapore's Sembcorp Industries plans to build the third Vietnam-Singapore Industrial Park III (VSIP III) in Binh Duong as a zero-emissions industrial park, the first of its kind in the country. With a total investment of $280 million, the 1,000 hectare industrial park will be located in Bac Tan Uyen district, about an hour’s drive from HCMC.
Lego Group’s factory in Binh Duong is the Danish toymaker’s first carbon-neutral plant worldwide. Construction of the $1-billion plant began in November 2022, while it is scheduled to enter operation in August 2024.
Binh Duong is a southern industrial hub of Vietnam. Its index of industrial production (IIP) inched up 0.15% in the first quarter of this year, driven by 7.17% growth of food processing industry; 11.87% of medicine, herb, and chemical industry; and 25.89% of electronics, computers, and optics sector.
- Related News
- Read More
Vietnam's leading property developer Novaland sets sights on strong recovery in 2025
Novaland, Vietnam's leading property developer, is setting its sights on a strong recovery in 2025, with plans to issue nearly 7,000 land-use right certificates and accelerate handovers in the fourth quarter.
Companies - Wed, April 30, 2025 | 3:12 pm GMT+7
Vietnam's private lender Eximbank aims for 23.8% growth in 2025 pre-tax profit
Eximbank, among the leading mid-sized banks in Vietnam, targets a consolidated pre-tax profit of VND5.2 trillion ($200 million), an increase of VND1 billion or 23.8% compared to 2024, marking the bank's record-high profit.
Banking - Wed, April 30, 2025 | 1:19 pm GMT+7
Japan's IHW eyes 2.5 ha, world-class hospital project in northern Vietnam
Japan's International Healthcare and Welfare Group (IHW) is keen on building a 2.5-hectare, world-class hospital in the capital city's North Hanoi Smart City area.
Industries - Wed, April 30, 2025 | 12:37 pm GMT+7
Vietnam's military-run telco giant Viettel builds one of Southeast Asia’s largest data centers
Military Industry and Telecoms Group (Viettel) has broken ground on a state-of-the-art data center in Ho Chi Minh City, set to become one of the largest in Southeast Asia and the first in Vietnam to have such a hyperscale capacity.
Industries - Wed, April 30, 2025 | 11:28 am GMT+7
Grand military parade, procession to celebrate Vietnam's 50th anniversary of National Reunification
A spectacular military parade and civilian procession took place along Le Duan Boulevard in District 1, Ho Chi Minh City on Wednesday to celebrate Vietnam's 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975 - April 30, 2025).
Politics - Wed, April 30, 2025 | 11:05 am GMT+7
Vietnam PM requests more aircraft, LNG, agi import contracts with US in May
Prime Minister Pham Minh Chinh has requested relevant Vietnamese authorities to urgently negotiate and sign contracts in May for import of goods from the U.S., such as LNG, aircraft, medicine, and agricultural products, to ensure a sustainable trade balance.
Economy - Wed, April 30, 2025 | 10:25 am GMT+7
Vietnam Party chief's address at national celebration of liberation of South and national reunification
Party General Secretary To Lam delivered an address at Vietnam's celebration of the 50th anniversary of the liberation of the South and national reunification held in Ho Chi Minh City on Wednesday April 30.
Politics - Wed, April 30, 2025 | 9:32 am GMT+7
Property heavyweight Sun Group’s affiliate to build $491 mln opera house in Hanoi
Sun City Limited Liability Company, an affiliate of Vietnam’s top real estate developer Sun Group, has received a preliminary in-principle approval from local authorities to build a VND12.75 trillion ($491 million) opera house in Hanoi.
Real Estate - Wed, April 30, 2025 | 8:00 am GMT+7
Australian scholar praises Vietnam’s remarkable 50-year transformation
In 50 years since the national reunification (April 30, 1975-2025), Vietnam has transformed from war-devastated developing country to a peacetime country that has attained lower middle-income status, said Prof Carl Thayer.
Politics - Wed, April 30, 2025 | 8:00 am GMT+7
Malaysia remains 9th largest global exporter of high-tech products
Malaysia successfully maintained its position as the ninth-largest exporter of high-tech goods out of 143 countries worldwide in 2023, the highest recognition it has achieved in the past decade, national news agency Bernama reported.
Southeast Asia - Tue, April 29, 2025 | 10:27 pm GMT+7
Swedish documentary about reunification to be screened on VTV
The documentary Victory Vietnam (Chiến Thắng Của Việt Nam), directed by Swedish filmmaker Bo Öhlén, will be screened on Vietnam Television (VTV) on April 30 - the Reunification Day.
Travel - Tue, April 29, 2025 | 8:36 pm GMT+7
Insights into Decision 768 amending Vietnam's power development plan VIII
Prime Minister Pham Minh Chinh on April 15 issued Decision 768 approving Vietnam's Amended National Power Development Plan VIII for 2021-2030, with vision to 2050. Anh Dang, a senior partner at Vilaf law firm, offers an insight into the principal amendments to PDP VIII.
Consulting - Tue, April 29, 2025 | 4:36 pm GMT+7
From loss to profit: steel maker SMC sees stock rally, avoids delisting risk
Vietnamese steel manufacturer SMC Trading Investment JSC (HoSE: SMC) has seen its stock price soar nearly 60% since early April after the company turned its 2024 loss into profit over bad debt provision reduction.
Companies - Tue, April 29, 2025 | 3:45 pm GMT+7
Dairy giant TH plans $234 mln factory in southern Vietnam
A subsidiary of Vietnam’s dairy giant TH true MILK plans to develop a VND6.07 trillion ($234 million) factory in the southern province of Binh Duong.
Companies - Tue, April 29, 2025 | 3:19 pm GMT+7
Engaging tours, activities available during five-day holiday
A long holiday is approaching and across the nation, cities and provinces have lots to offer tourists who want to travel or spend days doing activities with friends and families.
Travel - Tue, April 29, 2025 | 3:17 pm GMT+7
Int’l organizations lower Indonesia’s 2025 economic growth forecast
Several international organizations in April revised their economic growth forecasts for Indonesia, reflecting concerns over escalating global trade tensions and domestic fiscal challenges.
Southeast Asia - Tue, April 29, 2025 | 2:30 pm GMT+7
