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Forum promotes development of smart and sustainable industrial parks

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23 hours ago

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The Vietnam Industrial Park Forum 2024, themed “The Era of Rising for Vietnam Industrial Park”, was officially held in Ho Chi Minh City on December 19.

Sponsored by IDH (Netherlands) and the Vietnam Industrial Real Estate Association (VIREA), the forum was organised by the Vietnam Industrial Zone portal (VIZ).

Currently, the country has about 400 industrial parks and export processing zones. The conversion of industrial parks towards green, high-tech, and environmentally friendly production is being promoted in order to meet Vietnam’s commitment to achieve zero net emissions by 2050.

The model of industrial parks and economic zones has affirmed its increasingly important position, contributing to improving the business environment and enhancing competitiveness as a solution to attract domestic and foreign investment resources.

Thereby, it has promoted the process of industrialisation and modernisation of the country and making positive contributions to Vietnam’s achievements in growth, development, and integration into the world economy.

Delegates speak at the Forum.

Delegates speak at the Forum.

However, the development of industrial parks in recent times has also revealed some limitations.

According to Nguyen Chi Toan, Vice Chairman of VIREA, the forum gathered many large-scale and professional industrial park infrastructure development units across the country.

As such, the organising committee hopes to receive many common shares and contributions for the purpose of building a more complete and clearer legal framework, together proposing feasible criteria to develop a new generation of industry in the direction of green-smart-sustainable development across the country.

At the forum, speakers and experts focused on exchanging and discussing about policies and laws, infrastructure transformation for sustainable development, promoting FDI investment, finance and capital markets, labour and employment, and ESG practices (environment-social-governance) in industrial parks.

At the same time, the participants shared experiences in implementing sustainable smart industrial park models, proposing solutions to contribute policies to transform Vietnam’s industrial parks from traditional models to sustainable smart industrial parks in the context of the country’s rising era and the world’s green transformation towards net zero emissions.

The forum has expanded its audience not only to industrial park investors but also to the fields of construction, construction materials, and finance, which are direct and indirect components contributing to the construction and development of ecological and sustainable industrial parks.

The Vietnam Industrial Park Forum 2024 aims to enhance dialogue and cooperation in the field of industrial park development and is also a place to create a bridge between domestic and international investors, enterprises, and state management agencies.

The Forum is also a place to connect industrial parks with investors and financial institutions to seek financial resources for sustainable projects.

At the same time, the event also promotes cooperation between government agencies, localities, international organisations, industrial parks and manufacturers to promote sustainable growth in industrial production in order to meet the common standards of manufacturing enterprises and large investors in the world.

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Agoda Offers Free Tickets for Japanese Fans to See NCT WISH, THE BOYZ, n.SSign and More at Seoul Spring Festa

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32 minutes ago

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March 17, 2025

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Digital travel platform Agoda is giving K-pop fans in Japan a reason to cheer with an exclusive offer to attend the Seoul Spring Festa’s opening concert, WONDER SHOW, which will take place on Wed, Apr. 30 at Seoul World Cup Stadium.

TOKYO, March 14, 2025 /PRNewswire/ — Digital travel platform Agoda is giving K-pop fans in Japan a reason to cheer with an exclusive offer to attend the Seoul Spring Festa’s opening concert, WONDER SHOW, which will take place on Wed, Apr. 30 at Seoul World Cup Stadium.

Fans from Japan, Mainland China, Hong Kong, and Taiwan can snag two free tickets per booking to the highly anticipated event featuring K-pop artists NCT WISH, THE BOYZ, n.SSign, TWS, NMIXX, god, STAYC, ALL(H)OURS, NEXZ, KickFlip, Hearts2Hearts, NouerA, KiiiKiii and more to be announced*. Travelers can secure the free tickets through the ‘Agoda x Wonder Show’ special room package available via participating properties on Agoda. The offer will be available starting March 17 to April 11, 2025, for check-ins between April 21-30, 2025, and includes an additional discount of up to 15% off accommodations.

The Seoul Spring Festa, a city-wide celebration of Korean culture, food, and entertainment, includes a lineup of performances by NCT WISH, known for their electrifying stage presence; THE BOYZ, celebrated for their dynamic choreography; and n.SSign, the rising stars captivating fans across Asia, and many more. Pre-sale tickets for the event have already sold out, making Agoda’s offer a golden opportunity for fans to experience the magic of K-pop live.

Jay Lee, Country Director, South Korea at Agoda, shared, “K-pop transcends borders, uniting fans worldwide, and we’re excited to bring Japanese fans closer to the action. Agoda is making dreams come true with free tickets to see NCT WISH, THE BOYZ, n.SSign, and more, along with unbeatable hotel deals—turning Seoul into the must-visit hotspot for K-pop lovers this spring.”

Travelers can enhance their Seoul experience by booking the Discover Seoul Pass on Agoda. This all-in-one offers access to major attractions, transportation, and connectivity in Seoul, ensuring visitors can explore the city with ease and convenience.

With over 5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities available, Agoda offers everything travelers need to plan their perfect trip. For more information on this exclusive offer and to book your stay, visit Agoda.com or download the Agoda mobile app for the best deals.

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Promoting circular economy in industrial parks

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2 hours ago

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March 17, 2025

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The benefits of green transformation in industrial parks are both huge and lasting, according to leaders of the Ministry of Planning and Investment. However, in the short term, many challenges and obstacles have meant the transition process has not been as strong as expected.

The Ministry of Planning and Investment and the United Nations Industrial Development Organization (UNIDO) held a conference entitled “Advancing circular economy in Vietnam’s industrial parks for sustainable development” on the afternoon of April 12.

In his opening speech, Le Thanh Quan, Director General of the Department of Economic Zones Management under the Ministry of Planning (MPI), said that in the more than 30 years of establishment and development, industrial and economic zones have been recognised as playing an important role in fostering socio-economic development, accelerating the process of industrialisation and modernisation, and promoting international integration.

Circular economic development is a trend that many countries around the world consider to be the green industrial revolution of the 21st century and is consistent with the country’s development orientation in the coming period. In particular, the eco-industrial park model is seen as the driving force to boost the circular economy.

According to Quan, the benefits of this transformation are great and long-lasting, but in the short term, many obstacles are preventing the transformation process from taking place as strongly as expected.

Smail Alhilali, Industrial Development Officer at the Department of Environment, UNIDO, said: “Promoting circular economy in industrial zones can help Vietnam to not only reduce environmental impacts but also create opportunities for innovation and green growth.”

Vietnam has a lot of potential. With existing support and available directions, Vietnam should learn from previous countries and successfully implement digital and energy transformation. The country should not only focusing on cleaner production and reduced emissions but also address the consumption issues.

The conference included discussion sessions on the important role of industrial parks in implementing circular economy principles, the opportunities and challenges of integrating circular economy activities between different industries in industrial parks, and others.

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Foreign offshore wind power investors can sell projects, Vietnam SOEs prioritized to buy

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3 hours ago

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March 17, 2025

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Foreign investors of offshore wind power projects in Vietnam can sell their projects, and wholly state-owned enterprises (SOEs) or subsidiaries of those SOEs are prioritized to buy them.

The transaction is only permitted if the Vietnamese investors in the company refuse to purchase, according to the government’s Decree 58/2025 on renewable and new energy, effective from March 3, 2025.

Transactions of a part of an offshore wind project or an entire project must comply with the Electricity Law 2024 and other laws related to investment, enterprises, and sea.

They must be approved by the Ministry of National Defense, the Ministry of Public Security, the Ministry of Foreign Affairs, and the Ministry of Industry and Trade if there is involvement of foreign investors.

A sea-based wind power project in Tra Vinh province, Mekong Delta, southern Vietnam. Photo courtesy of Trungnam Group.

A sea-based wind power project in Tra Vinh province, Mekong Delta, southern Vietnam. Photo courtesy of Trungnam Group.

In cases of not-yet operational projects, the foreign buyers must meet the following requirements.

First, they must have experience in investing and developing at least one offshore wind power project that is operational in Vietnam or in the world. “Experience” includes direct investment, contributing a minimum 15% of the project’s total investment capital, and the ratio of equity to capital contribution being at least 20%.

Second, the foreign buyers must ensure that the offshore wind power project has the participation of domestic enterprises with at least 5% of chartered capital or voting shares of the company that implements such projects. The “domestic enterprises” must be wholly state-owned enterprises (SOEs) or firms with SOEs holding more than a 50% stake.

Third, they must commit to utilizing domestic supplies (workforce, service, products) during their investment, construction and operation, on the basis of ensuring competitiveness of prices, quality, schedule, and available capability.

For operational projects, the transations must meet the “second” requirement mentioned above.

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