Pacifico Energy Group (PE) specialises in renewable energy and fossil fuel projects in the US, including multiple grid-connected sources of renewable energy and gas. In Vietnam, PE is one of the leading renewable energy investors from the US with a 40MW solar project in Binh Thuan province (completed in 2019), and a 30MW wind project in Ben Tre province (expected to be operational this year).

Pacifico Energy would like to pour billions of US dollars into wind energy in Vietnam. Source: VGP

PM Chinh highly appreciated and thanked PE for its practical and effective contributions to Vietnam’s socioeconomic development.

The Vietnamese government welcomes PE’s commitment and plans to invest in Vietnam’s energy sector, including an offshore wind farm in Binh Thuan and other investments in Vietnam, the PM said.

“To achieve rapid and sustainable development, the Vietnamese government has identified the development of renewable energy and new energy as a key task, along with promoting and further strengthening cooperation with foreign investors, contributing to the Vietnam – US Comprehensive Strategic Partnership,” PM Chinh said.

Vietnam has set a target of GDP growth at 8 per cent this year, and double digits in the coming years, meaning high demand for electricity. It also plans to export clean electricity. The PM suggested PE should boost its investment and cooperate with Vietnamese partners in green transformation, clean energy, renewable energy, and developing the power grid and power transmission in Vietnam to ensure energy security.

The PM also asked PE to petition the US government to support cooperation with Vietnam, while removing Vietnam from the list of countries with limited high-tech exports and recognising its as a market-oriented economy.

He pledged to ensure an open and favourable environment for investors to operate in accordance with the law, in a healthy, stable, sustainable, effective and profitable manner; as well as ensure the legitimate and legal rights and interests of investors.

The Government Office, the Ministry of Industry and Trade, and localities will urgently check, respond to, and resolve issues related to the implementation of PE’s projects. The government will soon issue decrees on wind power as a legal corridor with many incentives for investors.

Franklin highly appreciated the directions being taken to improve the investment and business environment, as well as the active and effective support of ministries, agencies, and localities for businesses. “Vietnam is a promising land, and this is being carried out with very positive future prospects,” he said.

“Among all Asian countries, Vietnam has unique advantages in wind power resources with a long coastline, high wind speed, favourable seabed terrain for the construction of wind power projects, and geographical location,” Franklin emphasised.

He is committed to continue expanding PE’s investment in Vietnam’s energy industry, including a billion-dollar investment plan for offshore wind power, along with advanced solutions to ensure energy security for data centres and AI training centres that will support Vietnam’s rapid and sustainable economic growth.

The investor, Prodezi Long An JSC (Prodezi), and developer Huong Viet Investment Consulting JSC (Huong Viet Holding), held the ceremony in Ben Luc district on March 12.

The event also signified a major milestone as Long An welcomed its first eco-industrial park (IP), designed and constructed in compliance with domestic and global sustainability trends.

Prodezi EIP spans 400 hectares and is adjacent to the 100-ha LA Home eco-urban area. It is a pioneering eco-IP and one of the largest in the Mekong Delta region. The total investment for the venture exceeds $195 million. The first phase subdivision is expected to be completed and handed over to investors in the forthcoming third quarter.

Key components of phase one will be developed in parallel with the construction of transportation infrastructure, green spaces, power, and water supply systems, with a particular focus on completing a state-of-the-art wastewater treatment plant (smart and eco-oriented) and a green-certified administrative building.

Once operational, Prodezi EIP will generate thousands of jobs for workers in Long An and the surrounding area. With state-of-the-art amenities, including the LA Home eco-urban area, the industrial park will form a complete industrial-urban complex, providing a high-quality working environment and enhancing living standards for workers and professionals, attracting skilled talent to the region.

Additionally, Prodezi EIP is expected to become a prime destination for both domestic and international businesses, especially those pursuing sustainable production models that prioritise resource efficiency and CO₂ emission reduction. With its modern infrastructure, attractive investment incentives, and strong support from local authorities, Prodezi EIP enables businesses to optimise operational costs, meet environmental, social, and governance (ESG) standards, and enhance their competitive edge in the global market.

Also during the ceremony, Prodezi and Huong Viet Holding signed an MoU with Toho Gas, one of Japan’s three largest gas companies, to provide utilities and services for residents of LA Home and Prodezi EIP.

Last October, Prodezi and Huong Viet Holding signed an MoU with Japan’s Chitose Group and TA Vital for cooperation in wastewater treatment solutions for Prodezi EIP, aimed at delivering wastewater treatment solutions, functional organic fertilisers, and cultivating plants using a soil-free organic hydroponic system within the park.

Prodezi and Huong Viet Holding signed an MoU with Toho Gas

Prodezi EIP’s focus is on high-tech, environmentally friendly industries that produce high-value-added products and optimise labour resources. The industrial park will attract a diverse range of industries, including electronics, automotive manufacturing and assembly, supporting industries for high-tech sectors, textiles and footwear, food and beverages, logistics (including warehousing and cold storage), data centres, precision engineering, semiconductors, and AI.

Located at the intersection of DT830 Road and Luong Hoa – Binh Chanh Road (60m wide), Prodezi EIP is part of the My Quy Tay – Luon Hoa – Binh Chanh development corridor, one of six key infrastructure projects in Long An.

This prime location is adjacent to the entrance of the Ho Chi Minh City – Trung Luong Expressway, bordering Ho Chi Minh City, and near major highways such as Ben Luc – Long Thanh Expressway and national ring roads 3 and 4. Businesses in the area benefit from easy access to airports and seaports, reducing costs and enhancing supply chain efficiency.

Huynh Van Son, Vice Chairman of Long An People’s Committee, said, “Long An prioritises attracting investments that are modern, efficient, and sustainable. We believe the Prodezi Eco-Industrial Park will be an ideal destination for both domestic and international investors, generating thousands of jobs and making a significant contribution to the province’s socioeconomic development.”

Huynh Van Son, Vice Chairman of Long An People’s Committee

Prodezi EIP implements an advanced energy management system to flexibly utilise renewable energy and grid electricity, improving energy efficiency. Its wastewater treatment system is designed to reuse at least 25 per cent of water resources and repurpose sludge waste, in compliance with eco-IP standards. Prodezi also aims to obtain international green building certifications for its facilities and strictly adheres to ESG standards.

The park will allocate at least 25 per cent of its area to green spaces, water surfaces, transportation, technical zones, and shared social infrastructure. The park will also establish projected emission standards for specific industries, implement industrial symbiosis within the park, and develop monitoring mechanisms for inputs, outputs, and social responsibility initiatives for surrounding communities.

Truong Khac Nguyen Minh, deputy general director of Prodezi Long An JSC, said, “Prodezi Eco-Industrial Park is committed to creating an efficient manufacturing space that fosters a sustainable ecosystem where businesses, people, and nature can thrive in harmony. We believe that the establishment and development of the park, together with the adjacent LA Home eco-urban area, will create a sustainable industrial-urban-service ecosystem, generating economic value and enhancing the quality of life for the local community.”

In addition to its sustainable development goals, Prodezi EIP is committed to corporate social responsibility, working alongside local communities through various practical initiatives. Prodezi implemented several programmes last year, such as supporting education, environmental protection, and local community development, including scholarship grants and public infrastructure projects.

Prodezi broke ground on a 400-unit social housing apartment development in the LA Home eco-urban area on March 5, ensuring stable housing for workers and addressing labour force stability for manufacturing enterprises.

The real estate market in Ho Chi Minh City is facing a scarcity of land, while the cost of project development is continuing to rise. This has forced investors to carefully consider which product segments to focus on to ensure profits.

Photo: baodautu.vn

Investors with land in strategic locations close to the city centre are prioritising the development of mid-range and high-end products to optimise financial outcomes.

As a result, buyers seeking affordable options are being forced to look elsewhere.

“The shortage of affordable apartments in Ho Chi Minh City has led buyers with limited finances to seek items in neighbourhoods like Binh Duong, Dong Nai, and Long An. In these areas, apartment prices hover at around $1,200-$1,600 per square metre, creating strong demand,” said Giang Huynh, head of research and S22M at Savills Ho Chi Minh City.

From another perspective, the average rental yield for apartments in Binh Duong is currently 4.7 per cent, well above the 3.7 per cent yield in Hanoi and 3.6 per cent in Ho Chi Minh City.

Dinh Minh Tuan, southern regional director of real estate trading platform Batdongsan.com.vn, shared that the high rental yield in Binh Duong is largely due to reasonably priced luxury apartments, with high rental prices and stable occupancy rates.

On average, a luxury apartment in Binh Duong can be rented for $400-$480 per month for a one-bedroom unit, and from $600-$800 for a two- to three-bedroom unit.

Meanwhile, in Ho Chi Minh City or Hanoi, apartments in the $1,800-$2,000 per square metre range can only be rented for around $280-$480 per month, depending on the number of bedrooms, not to mention the increasingly stiff competition in enticing tenants.

In response to the strong capital shift, real estate firms in Ho Chi Minh City’s suburban areas are accelerating legal procedures to launch new projects.

This trend reflects the investors’ agility and creates attractive opportunities for both homebuyers and investors in 2025.

Accordingly, Kim Oanh Group plans to launch a 27-hectare urban area in New Binh Duong City in the first quarter of 2025.

This will be the first project the company has collaborated on with Surbana Jurong, a partner from Singapore, under EDGE green standards.

The project features 1,656 townhouses and terraced houses, and 1,666 social apartments, priced from $28,000 per unit.

Major developer Phat Dat Real Estate Development Corporation plans to launch two major projects, Thuan An 1 and 2 in Binh Duong province, covering a total area of 4.46 ha.

The 1.8ha Thuan An 1 will provide 2,604 apartments and shophouses, while the 2.66ha Thuan An 2 will have 3,270 apartments and 16 townhouses. These projects are located on key roads.

Simultaneously, southern developer An Gia Group plans the launch of 3,000 apartments at The Gio Riverside and 76 shophouses in Di An city.

The three-hectare project, located on the provincial route DT16, offers nicely designed apartments with one to two bedrooms.

Regarding opportunities for homeownership, Phan Cong Chanh, an expert in real estate investment, noted that owning a home requires solid knowledge and time to raise financial resources.

For young people, buying a home immediately is a challenge due to limited finances.

Buyers can explore financial support packages and use leverage to shorten the time needed to purchase real estate. This needs to be accompanied by a reasonable plan to ensure long-term affordability.

“Overall, owning a home is not just a purchasing decision; it also requires a smart financial strategy. Whether choosing to buy immediately, rent, or invest in real estate in any segment, individuals must consider their financial conditions and personal plans carefully,” said Chanh.