Want to be in the loop?
subscribe to
our notification
Business News
HCM CITY TO TURN EXISTING IPS, EPZS INTO ECO-INDUSTRIAL, HIGH-TECH ZONES
The HCM City People’s Committee wants changes made to a proposal to convert industrial parks and export processing zones into eco-industrial and high-tech zones by 2025.
Earlier, the HCM City Industrial Parks and Export Processing Zones Authority (HEPZA) had submitted the plan for the committee's approval with the aim of gradually weeding out labour-intensive firms and those using outdated technologies in Industrial Parks (IPs) and Export Processing Zones (EPZs).
It has instructed HEPZA to clarify certain requirements related to investment in high technologies by businesses.
HEPZA should encourage enterprises in existing industrial zones to convert their businesses into eco-services and ecological urban areas, it said.
It needs to come up with solutions for moving enterprises from their current IPs to new ones after their land lease expires and do not want to convert their businesses, it said.
It also needs to identify lands on its borders with neighbouring provinces and in underdeveloped areas or near the city’s gateways for developing new industrial parks in future, it said.
HEPZA plans to pilot the programme at four IPs: Tân Thuận EPZ in District 7, Tân Bình IP in Tân Bình District, Hiệp Phước IP in Nhà Bè District, and Cát Lái IP in Thủ Đức City.
It also wants to build two new industrial zones in Bình Chánh District, the 320ha Lê Minh Xuân 2 Industrial Park and 670ha Phạm Văn Hai Industrial Park, to house clean, advanced and high-tech industries.
Recently, the Ministry of Planning and Investment, in collaboration with the UN Industrial Development Organisation and the Management Board of IPs and EPZs, held a seminar in the city to discuss how to turn IPs and EPZs into eco-industrial parks (EIPs).
This is among the activities within the framework of the project on establishing EIPs in Việt Nam following the Global Eco-Industrial Parks Programme (GEIPP), in which Hiệp Phước IP is selected to be the first in HCM City to pilot the model.
Speaking at the event, Phạm Thanh Trúc, deputy head of Management Board of IPs and EPZs in the city, said that after 30 years of construction and development, IPs and EPZs in the city have gained certain achievements, making positive contributions to the industrialisation and modernisation of the country. However, there remain certain limitations.
Sharing the same view, Nguyễn Trâm Anh, an expert from the Ministry of Planning and Investment, said that the limitations in the development of IPs today are the lack of linkages between businesses in the zone; inefficient use of resources; unsecured energy and water; and their negative impacts on the natural environment and living environment of near-by residents.
She affirmed that the trend of shifting from traditional IPs to EIPs is inevitable.
The city has 17 IPs, EPZs and high-tech parks covering a total area of more than 3,800 hectares. It targets having 23 ‘green’ high-tech EPZs and IPs with 6,000ha.
Source: VNS
Related News
CUSTOMS BUDGET REVENUE EXPERIENCES 3% DECLINE IN Q1
Vietnam’s import and export value reached a total of US$145.59 billion in the first quarter (Q1) of 2024, marking a year-on-year growth of 18.2%. However, the customs budget revenue saw a 3% year-on-year decline, amounting to VND71,520 billion in the quarter, thereby achieving 19.1% of the full-year target.
RAPID LAW IMPLEMENTATION MAY PROPEL MARKET FORTUNES
“Investors and developers are looking forward to the implementation of the new law, which will remove obstacles for a range of projects that are struggling due to stalled procedures and lack of legality. For them, the earlier the better,” he said.
NATION URGED TO BUILD ON ECO-IP MODEL
Industrial parks (IPs) involved in an initiative that aims to help push them into the realm of being classed as eco-parks have seen improvements across a string of indicators, according to a review event in Ho Chi Minh City last week.
YEN LU INDUSTRIAL PARK: NEW DESTINATION FOR INVESTORS
Bac Giang is a destination chosen by many domestic and foreign investors thanks to its locational advantages and its most opening and favorable investment policies. Assisted by local authorities, Capella Land Joint Stock Company has effectively invested in industrial zones, especially Yen Lu Industrial Park - a new destination for investors, to contribute to the province’s success in investment attraction.
OPTIMIZING LEGAL AND REGULATORY FRAMEWORKS FOR EFFICIENT PUBLIC INVESTMENT DISBURSEMENT
According to the Ministry of Planning and Investment, a 1% increase in public investment raises GDP by 0.058%, and each VND1 disbursed stimulates an extra VND1.61 from the non-state sector. However, plan implementation often falls short at around 80% annually, despite government efforts.
NATION URGED TO BUILD ON ECO-IP MODEL
For the 2020-2024 project, three IPs were selected for the transformation including Deep C Industrial Zones in the northern city of Haiphong, AMATA City Bien Hoa in the southern province of Dong Nai, and Hiep Phuoc IP in Ho Chi Minh City. Over the last four years, the level of compliance with the international framework on eco-IPs for all pilot complexes has increased in terms of environment, economy, and management.