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Taking advantage of potential and opportunities for industrial development

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Many experts assessed that the Mekong Delta city of Can Tho has a lot of potential for industrial development. This city is located in the centre of the Mekong Delta, acting as a strategic trading hub and a growth pole of the region.

There is an international airport system, a seaport system and convenient traffic connections by road and waterway with localities in the region, with the key economic zone in the South and neighbouring areas as well as internationally. Can Tho also has an abundant source of trained labour from the universities, colleges and vocational schools in the region.

Seeing the advantages, in recent years the city has been focused on “cleaning the nest, welcoming eagles” to develop industry. In October 2024, VSIP Can Tho Industrial Park (Vinh Thanh Industrial Park Phase 1) officially cleared the land synchronously with a total area of 293.7 hectares in less than 10 months.

This promises to become a new production centre of the Mekong Delta. It is expected that by the end of 2025, if the occupancy rate reaches 60%, VSIP will prepare procedures to apply for investment in VSIP Can Tho Industrial Park Phase 2, with a scale of 519 hectares.

At the end of 2024, the prime minister approved the investment policy for the project to invest in construction and business of infrastructure of Vinh Thanh Industrial Park (Phase 2). The project has an area of 540.58 hectares, with a total investment capital of 7.85 trillion according to the industry cluster model.

Investors are also interested in learning about the O Mon District High-Tech Industrial Park project, spanning about 250 hectares, and the Co Do-Thoi Lai Industrial Park, with an area of 1,070 hectares.

In October 2024, the irradiation plant in the Can Tho port area with a capacity of 19 trillion tonnes/year will officially come into operation, serving businesses exporting tra fish and shrimp to the US and European markets. Thermal power projects at the O Mon Power Centre are being vigorously implemented.

Industrial development in Can Tho has received a lot of attention from the government. Local authorities have also been decisive and resolute, issuing many policies to support attracting investment in industrial parks, creating favourable conditions for businesses to access land funds in industrial parks at reasonable costs and simplified administrative procedures.

However, Can Tho still faces many challenges. Currently, FDI attraction in Can Tho is quite modest. The economic restructuring is still slow with the proportion of economic sectors not changing significantly towards increasing added value. The development of transport infrastructure in recent times has not been commensurate and has not met the development requirements of the city.

The labour force is abundant, but the quality of labour has not met expectations. Many businesses face difficulties in recruiting highly skilled workers for specific industries, leading to increased costs for retraining human resources or having to hire experts from other regions.

The construction of industrial supply chains in Can Tho and connecting with neighbouring provinces faces many challenges due to the shortage of upstream supply sources and infrastructure limitations, reducing connectivity and the ability to develop a complete supply chain in the region.

To take advantage of the potential and opportunities for industrial development and create a solid foundation to enter the new era, Can Tho needs to focus on removing some bottlenecks.

Accordingly, it is necessary to focus on prioritising the development of a number of industries in the direction of meeting the principles of the city’s competitive advantages, with the ability to deeply participate in the global production network and value chain; synchronously invest and complete key projects with regional connectivity; create momentum for regional development; and lead and attract private capital to invest in the city’s strategic areas.

More attention should be paid to innovate and improve the quality of training facilities, focus on investing in developing technical facilities, improving the quality of management and teaching staff to create high-quality industrial resources.

Some experts believed that economic zones and industrial parks in the North and Central regions have successfully taken advantage of the trend towards resonance, support and mutual symbiosis in industrial development. This will also act as a worthy lesson for the Mekong Delta, especially Can Tho.

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Billionaire Trần Bá Dương’s VND 2,000 Billion, 200-Hectare Industrial Park in Thái Bình Could Begin Operations This Year

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The Thaco – Thái Bình Industrial Park, covering more than 194 hectares with an investment of over VND 2,100 billion, is expected to become operational within this year, according to the development plan.

Recently, provincial leaders of Thái Bình conducted an on-site inspection of land clearance efforts and infrastructure construction progress at the Thaco – Thái Bình Industrial Park located in Quỳnh Phụ District.

To date, Quỳnh Phụ District has completed compensation and land clearance for nearly 192 hectares of agricultural land, involving the land recovery of 1,067 households to hand over to the investor for project implementation.

Currently, the district is focusing on clearing the remaining land, involving 94 households in Lương Cầu Hamlet, An Cầu Commune. At the same time, it is coordinating with the electricity sector to relocate a 220kV high-voltage power line.

On the investor’s side, groundwork construction is underway, including roadbeds, internal roads, stormwater and wastewater drainage systems, and communication infrastructure within the industrial park.

The Thaco – Thái Bình Industrial Park is a specialized high-tech agricultural industrial park proposed by THACO Group (chaired by billionaire Trần Bá Dương) since 2017, originally planned to cover 250 hectares. By July 2017, the provincial authorities agreed to incorporate the project into Thái Bình’s industrial development master plan.

In August 2020, THACO officially broke ground on the industrial park’s infrastructure. A year later, in August 2021, the project’s investment certificate was revised, confirming a total investment of over VND 2,100 billion and a land area of more than 194 hectares. The project is being developed across An Thái, An Ninh, and An Cầu communes in Quỳnh Phụ District.

According to the roadmap, the investor is determined to complete and officially launch the project in 2025.

The Thaco – Thái Bình Industrial Park is designed as a dedicated high-tech agricultural zone, featuring various functional subdivisions including an administration center, agro-food processing zone, high-tech agricultural training center, experimental farms, agricultural materials production area, and a cargo transport port.

This project is considered one of the key developments in Thái Bình Province, playing a crucial role in the region’s socio-economic growth strategy.

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Carbon labels: a gateway to high-value global markets

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In an era where sustainability is not just a choice but a requirement, carbon labelling is emerging as a crucial factor for exporters.

Carbon labels: a gateway to high-value global markets
Vu Trung Kien, director Climate Change Resilience Centre

Countries like the US and the European Union are implementing stringent carbon regulations, such as the EU’s Carbon Border Adjustment Mechanism and increasing scrutiny on supply chain emissions.

Vietnamese businesses that fail to adopt carbon labelling risk losing access to lucrative markets. However, those that proactively integrate carbon footprint transparency into their products can gain a competitive advantage, enhance brand reputation, and secure long-term profitability.

Across the world, forward-thinking countries have embraced carbon labelling as a strategic tool for trade success. These efforts have not only helped businesses comply with regulations but have also opened doors to new investment and consumer markets.

Japan has implemented a government-backed carbon labelling programme that allows companies to display detailed carbon footprint information on their products. This has strengthened consumer trust and made Japanese goods more attractive in environmentally conscious markets such as the EU and North America.

The South Korean government incentivises businesses to adopt carbon labelling through tax benefits and green export support schemes. Companies that participate gain access to new trading partners, particularly in Europe, where sustainable supply chains are becoming the norm. Thailand, a key competitor to Vietnam, has integrated carbon labelling across industries such as food processing, textiles, and electronics. Thai exporters, particularly in agriculture, now benefit from preferential treatment in European supermarkets and trade agreements.

These case studies highlight an important lesson: carbon labelling is not just about compliance – it is a business strategy that enhances market access, builds consumer confidence, and future-proofs exports.

For businesses in Vietnam, waiting until carbon labelling becomes a legal requirement would be a mistake. Many international corporations have already set ambitious sustainability targets, requiring suppliers to provide verifiable carbon footprint data. Voluntary carbon labelling can position Vietnamese enterprises as reliable, future-ready partners.

It works by companies conducting a life cycle assessment to measure emissions from production to disposal. Products are labelled with a carbon footprint score, helping consumers and businesses make informed choices. Labels are often verified by third-party certifiers to ensure credibility and compliance with global standards.

The benefits include a boost for green supply chains. Companies like Nestlé and Unilever prioritise suppliers that provide carbon footprint transparency. Vietnamese food and beverage exporters can gain an edge by aligning with such demands.

Businesses with carbon-reduction strategies attract funding from international banks and investors that focus on increasing environmental, social, and governance (ESG) investment.

It also leads to improved consumer trust and higher sales. Studies indicate that climate-conscious consumers prefer labelled products. In markets like the EU, organic rice, seafood, and textiles from carbon-labelled brands command higher prices.

For Vietnamese companies looking to integrate carbon labelling into their strategy, a step-by-step approach can make the transition smooth and effective.

Pilot carbon labelling programmes in key sectors are critical, with a focus on industries where carbon labelling is already gaining momentum, such as textiles, seafood, agriculture, and furniture.

The process must start with one or two high-export products and conduct a carbon footprint analysis to understand emissions sources. Industry associations must also work with international partners to ensure the label aligns with EU and US standards.

Collaboration with certification bodies is also key, and partnering with recognised organisations such as the Carbon Trust (UK), TÜV Rheinland (Germany), or SGS (Switzerland) for certification is advised, as is engaging with Vietnamese regulatory bodies to advocate for government incentives similar to South Korea’s model.

Another vital part of the process is to leverage green financing and government incentives to access ESG-linked loans and grants that support supply chain improvements. Alongside this, there needs to be a move to propose carbon labelling incentive programmes through the Vietnam Chamber of Commerce and Industry or the Ministry of Industry and Trade.

The future of Vietnam’s export competitiveness is green. The world is moving towards sustainable trade, and carbon-labelling is no longer optional for businesses that want to thrive in international markets. By learning from successful global initiatives, Vietnamese companies can turn carbon transparency into an economic advantage rather than a compliance burden.

The time to act is now. Companies that lead in carbon labelling will not only future-proof their businesses but also shape Vietnam’s reputation as a responsible trade leader.

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Industrial parks in Binh Duong increase FDI attraction by 232%

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In the first quarter of 2025, an additional 588 million USD in foreign direct investment (FDI) poured into Binh Duong Province’s industrial parks, marking a 232% increase compared to the same period in 2024 and reaching 53.43% of the 2025 annual plan, as reported by the provincial Management Board of Industrial Parks on March 26.

Of the 588 million in FDI USD invested in industrial parks during the first quarter, there were 25 new investment projects with a total registered capital of more than 60.2 million USD and 26 projects with additional capital adjustments, contributing nearly 528 million USD in increased capital.

With this positive investment attraction in the first quarter, industrial parks in Binh Duong have so far attracted 3,252 active projects, including 2,561 FDI projects with total registered capital of 31.57 billion USD and 691 domestic investment projects with total registered capital of 93.664 trillion VND.

According to the Management Board of Industrial Parks in Binh Duong, 10 new projects have become operational in the first quarter. Currently, the province’s industrial parks have 2,706 active business and production projects, including 507 domestic projects and 2,199 FDI projects.

With effective operations, the estimated business and production targets for the first quarter of 2025 in the province’s industrial parks exceeded 11 billion USD, increasing by 7.72% compared to the same period last year and reaching 31.49% of the annual plan. Export turnover surpassed 6.34 billion USD, up 9.22% year on year, achieving 25.36% of the annual plan. Taxes and budget contributions reached nearly 175.4 million USD, increasing by 10.23% year on year and fulfilling 25% of the annual target.

Binh Duong currently has 29 industrial parks with a total planned area of 12,746 hectares. Of which, 28 industrial parks are already operational, covering a total of 12,046 hectares.

According to the Binh Duong Provincial Master Plan for 2021-2030, with a vision to 2050, which was approved by the prime minister, the province is planned to develop 48 to 50 industrial parks with a total planned area of 25,000 hectares.

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