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Vietnam, Singapore deepen partnership with new industrial park project

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The groundbreaking ceremony for the Vietnam – Singapore Industrial Park II (VSIP II) Quang Ngai infrastructure development project was held in Binh Son district in the central province of Quang Ngai on March 12.

National Assembly Chairman Tran Thanh Man attended the event along with Standing Deputy Prime Minister Nguyen Hoa Binh and National Assembly Vice Chairmen Tran Quang Phuong and Vu Hong Thanh, along with officials of ministries, sectors and the province.

The event took place at a time when Party General Secretary To Lam is paying an official visit to Singapore, demonstrating substantive and effective cooperation between the two countries.

The project received investment approval from the Prime Minister on December 22, 2023. Spanning 497.7 hectares with registered investment capital of some 161 million USD, it is designed to integrate green technologies, smart infrastructure, industrial symbiosis, and sustainable development principles, positioned to attract more investments to the province. Once operational, the park will serve as an investment destination for the world’s leading companies looking to expand their business and production.

To ensure the project proceeds on schedule and achieves its expected outcomes, Binh urged Singapore’s Sembcorp Industries and Vietnam’s Becamex IDC Corporation to continue leveraging their successful industrial park, urban, and service zone models. Besides, he ordered the corporations to develop VSIP II Quang Ngai into a smart, modern and sustainable industrial park, moving towards establishing ecosystems that integrate industry, innovation, urban development, services, and high technology.

Standing Deputy Prime Minister Nguyen Hoa Binh speaks at the event. (Photo: VNA)

Standing Deputy Prime Minister Nguyen Hoa Binh speaks at the event. (Photo: VNA)

Binh underscored that industrialisation must ensure harmonious development with the community, infrastructure, and development of the knowledge economy, asking ministries and sectors to support the investors with investment and construction procedures and assist them to handle challenges in a timely manner.

He requested the provincial People’s Committee to instruct relevant units to help VSIP Quang Ngai complete investment preparations and site clearance compensation in line with regulations.

The provincial People’s Committee was requested to instruct relevant units to rapidly support VSIP Quang Ngai in completing investment preparations and land clearance compensation according to regulations.

Meanwhile, businesses must join hands with the Vietnam General Confederation of Labour to build comfortable housing facilities for workers and support local communities with social welfare and sustainable development initiatives, balancing business interests with shared risks and benefits, he added.

The Vietnamese Government will maintain a stable investment environment, speed up administrative reform, and improve legal system to create a transparent and healthy investment climate for both domestic and foreign firms, Binh underscored, expressing his hope that VSIP will continue symbolising the excellent cooperation between the two countries.

At the event, Secretary of the provincial Party Committee Bui Thi Quynh Van and provincial leaders presented investment certificates and Memoranda of Understanding (MoU) on investment to the investors of the project.

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Taiwan’s electronics firm Good Way Technology to invest $15 mln more in Vietnam

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Good Way Technology, a Taiwan-based original design manufacturer (ODM) specialized in computing and mobile peripherals, will invest $15 million more in Vietnam.

In a recent filing with the Taipei Exchange (TPEx), Good Way Technology said it would invest $15 million in Good Way Cayman and then reinvest the entire amount in its sub-subsidiary Good Way Technology Vietnam.

The construction site of Good Way Technology factory in Thai Binh province, northern Vietnam. Photo courtesy of Lao Dong (Labor) newspaper.

The construction site of Good Way Technology factory in Thai Binh province, northern Vietnam. Photo courtesy of Lao Dong (Labor) newspaper.

The purpose of the move is “long-term investment,” according to the filing.

Good Way Technology Vietnam received an investment certificate for the project in October 2023. In February 2024, it kicked off the construction of a $45 million factory in the northern province of Thai Binh.

The factory, located in the Lien Ha Thai Industrial Park, will manufacture peripheral devices like USB connectors for computers. It will have an annual capacity of 3.7 million items.

Construction of the project’s first phase is scheduled for completion in Q3/2024, enter trial production the next quarter and start official production in Q1/2025.

Corresponding times for the second phase will be Q4/2026, Q1/2027 and Q2/2027.

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Winner Medical Sells Over 12.9 Billion 100% Cotton Face Towels in 2024

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In an extraordinary achievement, Winner Medical has reached a significant milestone by selling over 12.9 billion pieces of its innovative Winner 100% cotton face towels globally in 2024.

NEW YORK, March 15, 2025 /PRNewswire/ — In an extraordinary achievement, Winner Medical has reached a significant milestone by selling over 12.9 billion pieces of its innovative Winner 100% cotton face towels globally in 2024. These ultra soft face towels are designed to improve skin health and have proven effective in reducing allergies and redness within just four weeks of use. This solidifies the company’s position as the pioneer of 100% cotton face towels globally.

Part of this sales growth stems from a shift in consumer habits. A study found that 71% of people experience sensitive skin to some extent. Increasing awareness of sensitive skin issues in many countries, including the US, has boosted demand for products designed for sensitive skin. This trend includes a shift towards using gentle cleansing products and supplies. As a result, traditional towels, now often perceived as breeding grounds for millions of microbes even when they appear clean, are being replaced by softer cotton towels that are gentler on sensitive skin.

100% Cotton Disposable Face Towel, Ultra Clean, Ultra Soft.
100% Cotton Disposable Face Towel, Ultra Clean, Ultra Soft.

Winner Medical’s patented cotton spun-lace nonwoven technology, derived from advanced medical innovations, is the key to creating the Winner 100% cotton face towels. The exclusive use of natural cotton fibers further enhances the quality of the face towels, delivering a gentle and refreshing face-cleansing experience to users.

Renowned for their exceptional moisture, softness and absorption, natural cotton-made face towels serve as an eco-friendly alternative to synthetic materials and paper products, which often contribute to deforestation. This sustainable choice ensures that quality remains uncompromised, offering superior skincare benefits while being biodegradable and environmentally friendly.

Each Winner 100% cotton face towel provides an ultra-soft experience. The indulgence of pure cotton gently caresses the skin, ensuring a refreshing and gentle cleanse with every use, which has garnered acclaim for its effectiveness in improving skin conditions such as dryness and irritation.

Professional Assessments and Customer Feedback Validate Performance

Professional evaluations have underscored the efficacy of the Winner 100% cotton face towels. Clinical report from PULYN Research institute reveals substantial enhancements following the use of the product. Notably, after four weeks (or 28 days) of use, there is a reduction in skin damage, exceeding 33%, alongside a decrease in irritation scores by around 30%. The improvement rate for redness is particularly impressive, standing at 84%, while dryness scores show an enhancement of over 72%. These statistics underscore the product’s potential to enhance skincare routines, offering a more effective approach to addressing common concerns during skin cleansing.

In addition to professional evaluations, consumer feedback reflects high satisfaction levels.

Users have praised the performance of these disposable face towels, noting their thickness and ease of use, which help prevent bacterial contamination post-wash—crucial for acne-prone skin types. Another long-term user commended that the extra-large size ensures comprehensive coverage for cleansing while highlighting the towel’s soft texture that efficiently removes impurities without harshness.

As Winner Medical continues to innovate within the healthcare sector, its focus remains on providing products that combine sustainability with high efficiency. The company anticipates maintaining growth trends as more consumers become aware of the benefits offered by using all-natural, single-use cotton face towels.

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The trend of green industrial parks in Vietnam

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After nearly 30 years, industrial parks in Vietnam have made a major contribution to the country’s economic development. However, industrial parks have not paid much attention to green and sustainable development to reduce the negative impacts on the environment.

Green and sustainable development requires industrial parks to take measures to encourage the enterprises that they host to switch to clean, environmentally friendly and resource-efficient manufacturing.

But industrial parks across the country are still struggling with how to reach a balance between economic benefits and the environment due to numerous obstacles.

Identifying bottlenecks

Industrial parks are playing an important role in diversifying investment in infrastructure development, manufacturing, and business, and are attractive destinations for both domestic and foreign investors.

Green, clean and ecological industrial parks are an inevitable trend around the globe. The development of sustainable industrial parks commences from industrial ecology and the transition from the linear economic model to the circular economy, in which the waste and byproducts of an enterprise become the inputs for another one’s production process.

These are urgent and mandatory requirements for the manufacturing sector to develop sustainably, helping to realise Vietnam’s goal of net zero emissions by 2050. To meet these requirements, the government and enterprises need to join hands since financial resources and regulations are the current bottlenecks to the transition.

Tran Thi To Loan, Deputy Director of Sao Do Investment Group, owner of Hai Phong-based Nam Dinh Vu Industrial Park, said cost is the biggest hurdle to the transition from conventional industrial parks to sustainable ones. She noted that the two models are fundamentally different in terms of approach, goal, and environmental and social impacts; one only focuses on maximising profits and economic growth with a low spending on the environment, while the other is designed and managed with the combined goals of economic development, environmental protection, and social responsibility.

A green, ecological and sustainable industrial park requires synchronous investment from the start with a huge cost. But most industrial parks in Vietnam are developed in a rolling process, so they are not truly environmentally friendly and resource-saving.

Legal bottlenecks and unclear regulations also make it difficult for changing the model of industrial parks in Vietnam. Loan stated that if regulations are not specified, it is difficult to encourage enterprises to change.

Associate Professor Nguyen Quang Tuyen from the Hanoi Law University shared the same view that the current legal network lacks specific regulations on developing sustainable industrial parks. In addition, there are too many laws governing the operation of industrial parks, which also discourages many enterprises.

Prioritising green and ecological industrial parks

Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Nguyen Quang Vinh said building sustainable industrial parks will bring many substantial benefits, not only economic, but also environmental and social.

Specifically, it will reduce the environmental impact, save energy and resources, increase innovation and cooperation, enhance reputation and brand image, create a better working environment in industrial parks, and offer many benefits to the community.

However, enterprises’ awareness about this matter remains weak, with up to 50% of surveyed enterprises in industrial parks having responded that they have not heard about the idea of sustainable and ecological industrial parks. Therefore, the government should soon introduce measures to address obstacles and facilitate industrial parks in their transition.

For enterprises, investing in sustainable development requires huge financial resources but it should not be the reason for them to stay outside the trend. With about 418 established industrial parks, 298 of which have been put into operation covering a total of 92,200 hectares, Vietnam is assessed to have much room for developing green, ecological, and sustainable industrial parks.

The transition to the green and ecological industrial park model also helps attract a new wave of investment, especially high-quality foreign direct investment. Therefore, first of all, investors of industrial parks need to get updated on the government’s orientation to understand the benefits of changing the model in order to proactively build a roadmap for green and ecological industrial parks.

Enterprises in industrial parks need to focus on changing their production methods to maximise resources and make their production cleaner, apply technology solutions that use less carbon and chemicals, and use renewable and environmentally friendly energy to reduce operating costs and enhance competitiveness.

Afterwards, enterprises need to step up mobilising resources from international organisations, trade associations, climate finance funds, energy transition partners as well as commercial banks and green finance organisations to develop green industrial parks. They should also work together to share production infrastructure and reuse production materials, or work with third-party enterprises outside industrial parks in realising industrial symbiosis connections.

Associate Professor Nguyen Dinh Tho from the Institute of Strategy and Policy on Natural Resources and Environment shared that it is necessary to plug the legal loopholes and remove the bottlenecks to the industrial park transition process, in which specific institutions should be introduced as the basis for enterprises to implement and operate. More importantly, the government needs to supplement preferential policies on land, finance, corporate income tax, land rents, and credit access in the process of changing the production model from “brown” to “green”.

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