Leading developer Becamex vows to develop eco-industrial parks in Vietnam

Becamex IDC Corp, a leading urban and industrial park developer based in Ho Chi Minh City, is committed to integrating international sustainability standards into the practical operations of its industrial parks in Vietnam, said CEO Nguyen Hoan Vu.

To this end, the company signed a cooperation agreement on Wednesday with the International Finance Corporation (IFC), a member of the World Bank Group, to implement the Assessment of Eco-Industrial Park (EIP) at urban-industrial parks co-developed by Becamex and Vietnam-Singapore Industrial Park (VSIP).

VSIP is a joint venture between Becamex and a consortium led by Singapore’s Sembcorp.

This event marks a strategic advancement in the ongoing partnership between Becamex and the WB since 2022, during which the two parties have launched technical assistance programs, including pre-feasibility and feasibility studies, to develop the first EIP model in Vietnam, Vu said.

The new agreement aims to scale up pilot models to align more closely with global standards and serve as a critical foundation for accessing green finance, he noted.

As part of accelerating the green transition, IFC will support Becamex in implementing preliminary assessments for up to five industrial parks via the Global Eco-Industrial Parks Program (GEIPP), based on the international EIP certification framework.

The assessment results will help identify strengths, gaps, and opportunities for improvement in governance, and environmental, social, and economic performance. These findings will form the basis for technical planning, operational enhancements, and future investment mobilization.

Speaking at the signing ceremony, Nguyen Van Dung, Vice Chairman of Ho Chi Minh City People’s Committee, noted that the parliament has approved a resolution to establish an international financial center located both in HCMC and Danang.

Therefore, the collaboration between Becamex and IFC on the EIP assessment program is a highly meaningful initiative that creates further opportunities for HCMC to attract resources and implement projects aligned with its vision, not only as an international financial hub but also as a sustainable green urban-industrial ecosystem.

Welcoming the initiative, Dung expressed his hope that Becamex IDC and IFC would continue exploring green projects beyond the scope of industrial parks and turn pilot models into scalable solutions for the city’s broader industrial-urban ecosystem.

According to Becamex, its collaboration with IFC represents both a strategic move to enhance ESG (environmental, social, and governance) capabilities within the Becamex–VSIP ecosystem and a crucial step toward accessing green financing to support inclusive and responsible growth.

Over the past 30 years, Becamex and VSIP have developed more than 20 industrial parks across 14 provinces and cities in Vietnam.

Becamex IDC, listed on the Ho Chi Minh Stock Exchange (HoSE) as BCM, closed Thursday at VND67,300 ($2.57) per share.

HCMC and Binh Duong province were recently merged to form the new HCMC.